Nifty Outlook for 25th Jan

 In the previous session:

Nifty went up by 82 points then went down by 40 points before closing lower by 0.25 points on Tuesday

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 24th Jan:

Nifty triggered our long trade and completed just 1 target and took our stoploss

For 25th Jan:

Sustaining above 18150 enter for 18170 - 18195 - 18250, SL 18130

Sustaining below 18085 enter for 18065 - 18040 - 17980, SL 18110

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 18201.25 breaking above our weekly resistance zone of 18095 - 18135 but closed at 18118.30.

Now in the coming session Nifty has to break and sustain above 18185 to move towards 18245 - 18275. On the downside Nifty has support at 18040 - 18000 zone.

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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.