Nifty Outlook for 13th Apr

 In the previous session:

Nifty went down by 5 points then went up by 103 points before closing higher by 90 points on Wednesday 

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 12th Apr:

Nifty triggered our long trade and completed 2 targets and more doing 65 points

For 13th Apr:

Sustaining above 17845 enter for 17865 - 17890 - 17950, SL 17820

Sustaining below 17775 enter for 17755 - 17730 - 17670, SL 17800

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 17825.75 almost reaching our initial weekly long target zone of 17850 - 17890 and closed at 17812.40

Now in the coming session Nifty has immediate resistance at 17850 - 17890 and has to break and sustain above 17890 to move further towards its last weekly long targets of 17990 - 18120. On the downside Nifty has immediate support at 17700 and has to break and sustain below it to move towards its support at 17520 - 17470.

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.

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.