In the previous session:
Nifty went down by 54 points then went up by 81 points before closing higher by 42 points on Thursday
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 06th Apr:
Nifty triggered our long trade and completed just 1 target doing 25 points
For 10th Apr:
Sustaining above 17645 enter for 17675 - 17710 - 17790, SL 17615
In the Previous Week:
Nifty confirmed our long trade on closing above 17490 and almost completed our weekly initial long targets till 17630 - 17660 with a high of 17638.70 doing 125 points.
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 17675 - 17725 to move towards its initial weekly long targets of 17850 - 17890.
Closing above 17890 Nifty may move towards its last weekly long targets of 17990 - 18120
On the downside:
Nifty has to sustain and close below its weekly support at 17520 - 17470 to move towards initial weekly short targets of 17350 - 17310
Closing below 17310 Nifty may move towards next targets of 17200 - 17080.
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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