Nifty Outlook for 26th Apr

  In the previous session:

Nifty went down by 26 points then went up by 64 points before closing higher by 25 points on Tuesday 

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 25th Apr:

Nifty triggered our long trade and almost completed 2 targets doing 27 points

For 26th Apr:

Sustaining above 17795 enter for 17810 - 17830 - 17880, SL 17775

Sustaining below 17740 enter for 17725 - 17705 - 17660, SL 17760

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 17807.45 completing our initial weekly long targets till 17760 - 17780 on breaking and sustaining above our weekly resistance zone of 17670 - 17690 and closed at 17769.25 

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

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.