Nifty Outlook for 18th Apr

 In the previous session:

Nifty went up by 35 points then went down by 253 points before closing lower by 121 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 17th Apr:

Nifty triggered our short trade and completed all targets and more doing 200+ points

For 18th Apr:

Sustaining above 17750 enter for 17770 - 17800 - 17870, SL 17720

Sustaining below 17665 enter for 17640 - 17610 - 17540, SL 17695

In the Previous Week: 

Nifty confirmed our long trade on closing above 17725 and nearly reached our weekly initial long targets till 17850 - 17890 with a high of 17842.15 doing 120 points.

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 17880 - 17910 to move towards its initial weekly long targets of 17990 - 18020. 

Closing above 18020 Nifty may move towards its last weekly long targets of 18090 - 18170

On the downside:

Nifty has to sustain and close below its weekly support at 17770 - 17740 to move towards initial weekly short targets of 17660 - 17630

Closing below 17630 Nifty may move towards next targets of 17560 - 17480.

So far this week Nifty made a low of 17574.05 triggering our weekly short trade and almost reaching our last weekly short target zone of 17560 - 17480 and closed at 17706.85.

Now in the coming session Nifty staying below 17770 - 17710 can again move towards 17660 - 17630 and sustaining below 17630 can move towards its last weekly short targets of 17560 - 17480. On the upside Nifty has immediate resistance at 17800 and has to break and sustain above it to move towards 17880 - 17910.

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.