In the previous session:
Nifty went up by 300 points before closing higher by 279 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 31st Mar:
Nifty triggered our long trade with a gap up near our last target and did not give a chance to enter with better risk reward and exceeded our last target by 150 points
For 03rd Apr:
Sustaining above 17410 enter for 17440 - 17475 - 17565, SL 17375
In the Previous Week:
Nifty confirmed our long trade on closing above 17040 and completed all our weekly long targets till 17240 - 17340 with a high of 17381.60 doing 300+ points.
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 17440 - 17490 to move towards its initial weekly long targets of 17630 - 17660.
Closing above 17660 Nifty may move towards next long targets of 17775 - 17900
On the downside:
Nifty has to sustain and close below its weekly support at 17280 - 17230 to move towards initial weekly short targets of 17100 - 17060
Closing below 17060 Nifty may move towards next targets of 16950 - 16820.
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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