Sustaining above 17690 enter for 17710 - 17730 - 17780, SL 17670
Sustaining below 17630 enter for 17610 - 17590 - 17540, SL 17650
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 17660.15.
Now in the coming session Nifty has to break and sustain below 17630 to move towards 17560 - 17480 zone. On the upside Nifty has immediate resistance at 17740 - 17770 zone 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".
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.
No comments:
Post a Comment