In the previous session:
Nifty went up by 160 points then went down by 27 points before closing higher by 114 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 17th Mar:
Nifty initially opened above our 2nd long target and did not give a chance to enter. Post that Nifty gave a good dip and triggered our long trade and completed 2 targets doing 75 points
For 20th Mar:
Sustaining above 17150 enter for 17175 - 17210 - 17300, SL 17115
In the Previous Week:
Nifty confirmed our short trade and made a low of 16850.15 almost completing our last weekly short target of 16930 - 16780 on closing below 17260 doing 400 points.
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17175 - 17225 to move towards its initial long targets of 17360 - 17400.
Closing above 17400 Nifty may move towards next long targets of 17500 - 17620
On the downside:
Nifty has to sustain and close below its immediate support at 17025 - 16975 to move towards initial short targets of 16840 - 16800
Closing below 16800 Nifty may move towards next targets of 16700 - 16570.
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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