In the previous session:
Nifty went down by 265 points before closing lower by 177 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 10th Mar:
Nifty triggered our short trade with a big gap down below our 2nd short target and fell further by 100 points
For 13th Mar:
Sustaining above 17470 enter for 17505 - 17545 - 17650, SL 17430
In the Previous Week:
Nifty confirmed our short trade and made a low of 17324.35 coming close to our initial weekly short target of 17285 - 17245
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17505 - 17565 to move towards its initial long targets of 17720 - 17760.
Closing above 17760 Nifty may move towards next long targets of 17900 - 18040
On the downside:
Nifty has to sustain and close below its immediate support at 17320 - 17260 to move towards initial short targets of 17105 - 17065.
Closing below 17065 Nifty may move towards next targets of 16930 - 16780.
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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