Nifty Outlook for 25th Apr

 In the previous session:

Nifty went down by 11 points then went up by 130 points before closing higher by 119 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 24th Apr:

Nifty triggered our long trade and completed all targets doing 80 points

For 25th Apr:

Sustaining above 17770 enter for 17790 - 17810 - 17860, SL 17750

Sustaining below 17715 enter for 17700 - 17675 - 17630, SL 17735

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.

So far this week Nifty made a high of 17754.50 almost completing our initial weekly long targets on breaking and sustaining above our weekly resistance zone of 17670 - 17690 and closed at 17743.40 

Now in the coming session Nifty has to break and sustain above 17780 for a further move towards 17830 - 17900. On the downside Nifty has immediate support at 17670 - 17620 now

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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.