Nifty Outlook for 15th Mar

 In the previous session:

Nifty went up by 70 points then went down by 167 points before closing lower by 111 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 14th Mar:

Nifty triggered our short trade and completed 2 targets doing 90 points

For 15th Mar:

Sustaining above 17110 enter for 17145 - 17190 - 17300, SL 17065

Sustaining below 16980 enter for 16940 - 16900 - 16780, SL 17025

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.

So far this week Nifty had made a high of 17529.90 testing our weekly resistance zone of 17505 - 17565 and reversed sharply to confirm our weekly short trade and completed our initial weekly short targets of 17105 - 17065 making a low of 16987.10 and closed at 17043.30

Now in the coming session Nifty has to break above 17105 to move back towards 17260 - 17320. On the downside Nifty to break below 16980 for the next move towards 16930 - 16780 to complete all weekly short targets.

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.