Sustaining above 17120 enter for 17140 - 17170 - 17230, SL 17090
Sustaining below 17040 enter for 17020 - 16995 - 16930, SL 17070
Nifty has to sustain and close above its weekly resistance at 17000 - 17040 to move towards its initial weekly long targets of 17140 - 17165.
Closing above 17165 Nifty may move towards next long targets of 17240 - 17340
On the downside:
Nifty has to sustain and close below its weekly support at 16890 - 16850 to move towards initial weekly short targets of 16760 - 16730
Closing below 16730 Nifty may move towards next targets of 16650 - 16550.
So far this week Nifty made a low of 16913.75 and made a high of 17126.15 almost reaching our weekly initial long target zone and closed at 17080.70.
Now in the coming session Nifty has immediate resistance at 17140 - 17165 and has to break and sustain above it for a further move towards our last weekly long targets of 17240 - 17340.On the downside Nifty has immediate support at 17040 - 17000 and has to break and sustain below it for a further move towards 16950 - 16930.
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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