Nifty Outlook for 10th Mar

 In the previous session:

Nifty went up by 18 points then went down by 180 points before closing lower by 165 points

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 09th Mar:

Nifty triggered our short trade and almost completed all targets doing 125 points 

For 10th Mar:

Sustaining above 17645 enter for 17675 - 17715 - 17810, SL 17605

Sustaining below 17535 enter for 17505 - 17465 - 17370, SL 17575

In the Previous Week: 

Nifty initially confirmed our short trade and made a low of 17255.20 coming close to our initial weekly short target of 17230 - 17200 and bounced back sharply and took our stoploss and went on to make a high of 17644.75 

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17685 - 17745 to move towards its initial long targets of 17905 - 17945. 

Closing above 17945 Nifty may move towards next long targets of 18080 - 18230

On the downside:

Nifty has to sustain and close below its immediate support at 17500 - 17445 to move towards initial short targets of 17285 - 17245. 

Closing below 17245 Nifty may move towards next targets of 17110 - 16960.

So far this week Nifty made a high of 17799.95 breaking above our weekly resistance zone at 17685 - 17745 and reversed sharply today to close at 17589.60

Now in the coming session Nifty immediate resistance at 17650 - 17700 and has to break and sustain above it for a further move. On the downside Nifty sustaining below 17600 has immediate support at 17500 - 17450 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.