Nifty Outlook for 11th Apr

  In the previous session:

Nifty went down by 95 points then went up by 1 point before closing higher by 25 points on Monday 

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 10th Apr:

Nifty triggered our long trade and completed just 1 target doing 30 points

For 11th Apr:

Sustaining above 17670 enter for 17695 - 17725 - 17800, SL 17635

Sustaining below 17580 enter for 17555 - 17520 - 17450, SL 17610

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.

So far this week Nifty has made a high of 17694.10 testing our weekly resistance zone of 17675 - 17725 and closed at 17624.05

Now in the coming session Nifty has immediate resistance at 17675 - 17725 and needs to sustain or close above this zone for a further move towards 17850 - 17890. On the downside Nifty has immediate support at 17520 - 17470 and has to sustain or close below this zone for a further move towards 17350 - 17310.

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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.