Nifty Outlook for 27th Jan

 In the previous session:

Nifty went down by 272 points before closing lower by 226 points on Wednesday

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 25th Jan:

Nifty triggered our short trade and completed all targets and more doing 200+ points

For 27th Jan:

Sustaining above 17935 enter for 17960 - 17995 - 18070, SL 17905

Sustaining below 17845 enter for 17820 - 17790 - 17710, SL 17880

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 failed to give a close above it and reversed sharply to fall till 17846.15 breaking below our weekly support zone of 17960 - 17920 and closed at 17891.95.

Now in the coming session Nifty has immediate resistance at 17920 - 17960. On the downside Nifty breaking below 17845 can move towards 17810 - 17780. 

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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.