Nifty Outlook for 21st Mar

 In the previous session:

Nifty went down by 271 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 20th Mar:

Nifty tirggered our short trade and completed all targets and more doing 200+ points

For 21st Mar:

Sustaining above 17030 enter for 17055 - 17085 - 17165, SL 17000

Sustaining below 16945 enter for 16920 - 16890 - 16810, SL 16975

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.

So far this week Nifty made a low of 16828.35 almost completing our initial weekly short targets of 16840 - 16800 and bounced back to close at 16988.40 within our weekly support zone.

Now in the coming session Nifty has to sustain above 17025 to move towards 17175 - 17225. On the downside Nifty on sustaining below 16975 has immediate support at 16840 - 16800 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.