Nifty Outlook for 27th Apr

 In the previous session:

Nifty went down by 58 points then went up by 58 points before closing higher by 44 points on Wednesday 

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 26th Apr:

Nifty initially triggered our short trade and almost completed 2 targets doing 20 points and took our TSL. Post that Nifty reversed to trigger our long trade and again almost completed 2 targets doing 30 points.

For 27th Apr:

Sustaining above 17840 enter for 17850 - 17870 - 17910, SL 17820

Sustaining below 17790 enter for 17775 - 17755 - 17715, SL 17810

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 17827.75 almost reaching our last weekly long targets till 17830 - 17900 on breaking and sustaining above our weekly resistance zone of 17670 - 17690 and closed at 17813.60 

Now in the coming session Nifty sustaining above 17780 can move to complete its last week long target of 17830 - 17900. On the downside Nifty has immediate support at 17690 - 17670 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.