In the previous session:
Nifty went down by 398 points before closing lower by 287 points on Friday
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 27th Jan:
Nifty triggered our short trade and completed all targets and more doing 300+ points
For 30th Jan:
Sustaining above 17660 enter for 17690 - 17730 - 17830, SL 17620
In the Previous Week:
Nifty triggered our weekly short trade and completed all targets till 17590 and exceeded it with a low of 17493.55
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17690 - 17750 to move towards its initial long targets of 17890 - 17930.
Closing above 17930 Nifty may move towards next long targets of 18060 - 18200
On the downside:
Nifty has to sustain and close below its immediate support at 17520 - 17460 to move towards initial short targets of 17320 - 17280.
Closing below 17280 Nifty may move towards next targets of 17150 - 17010.
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
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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.
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