In the previous session:
Nifty went down by 29 points then went up by 174 points before closing higher by 150 points on Friday
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 28th Apr:
Nifty triggered our long trade and completed all targets and more doing 100+ points.
For 02nd May:
Sustaining above 18090 enter for 18105 - 18125 - 18175, SL 18070
In the Previous Week:
Nifty confirmed our long trade on closing above 17690 and completed all our weekly targets till 17830 - 17900 and more by making a high of 18089.15 doing 300+
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 18110 - 18140 to move towards its initial weekly long targets of 18205 - 18225.
Closing above 18225 Nifty may move towards its last weekly long targets of 18285 - 18350
On the downside:
Nifty has to sustain and close below its weekly support at 18020 - 17990 to move towards initial weekly short targets of 17925 - 17900
Closing below 17900 Nifty may move towards next targets of 17850 - 17780.
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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