In the previous session:
Nifty went up by 135 points before closing higher by 90 points on Monday
Nifty made a new lifetime high of 18887.60 on 01st Dec 2022 from the lows of 7511.10 made on 24th March 2020
On 23rd Jan:
Nifty triggered our long trade and completed 2 targets and more doing 90 points
For 24th Jan:
Sustaining above 18165 enter for 18180 - 18195 - 18250, SL 18130
In the Previous Week:
Nifty triggered our weekly long trade but failed to complete any targets
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 18095 - 18135 to move towards its initial long targets of 18245 - 18275.
Closing above 18275 Nifty may move towards next long targets of 18365 - 18470
On the downside:
Nifty has to sustain and close below its immediate support at 17960 - 17920 to move towards initial short targets of 17810 - 17780.
Closing below 17780 Nifty may move towards next targets of 17690 - 17590.
So far Nifty has made a high of 18162.60 breaking above our weekly resistance zone of 18095 - 18135 but closed at 18118.55.
Now in the coming session Nifty has to break and sustain above 18165 to move towards 18245 - 18275. On the downside Nifty has support at 18040 - 18000 zone.
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
Disclaimer: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor before entering any trades based on them. The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.
No comments:
Post a Comment