In the previous session:
Nifty went up by 39 points then went down by 70 points before closing lower by 0.4 points on Friday
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 21st Apr:
Nifty triggered our short trade and completed 2 targets doing 35 points
For 24th Apr:
Sustaining above 17650 enter for 17665 - 17680 - 17730, SL 17630
In the Previous Week:
Nifty confirmed our short trade on closing below 17740 and nearly reached our weekly last short targets till 17560 - 17480 with a low of 17574.05 doing 150+ points.
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 17670 - 17690 to move towards its initial weekly long targets of 17760 - 17780.
Closing above 17780 Nifty may move towards its last weekly long targets of 17830 - 17900
On the downside:
Nifty has to sustain and close below its weekly support at 17580 - 17560 to move towards initial weekly short targets of 17490 - 17470
Closing below 17470 Nifty may move towards next targets of 17410 - 17350.
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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