Sustaining above 18225 enter for 18250 - 18280 - 18350, SL 18195
Sustaining below 18140 enter for 18115 - 18080 - 18010, SL 18170
Nifty has to sustain and close above its weekly resistance at 18385 - 18425 to move towards its initial weekly long targets of 18545 - 18575.
Closing above 18575 Nifty may move towards its last weekly long targets of 18675 - 18785
On the downside:
Nifty has to sustain and close below its weekly support at 18245 - 18200 to move towards initial weekly short targets of 18090 - 18050
Closing below 18050 Nifty may move towards next targets of 17960 - 17850.
So far this week Nifty made a high of 18458.90 breaking above our weekly resistance zone but has failed to give a close above it to confirm a long trade and reversed to make a low of 18115.35 and closed today at 18181.75 below our weekly support zone of 18245 - 18200.
Now in the coming session Nifty has immediate resistance at 18200 - 18245 and has to sustain and close above it for a move towards 18280 - 18350. On the downside Nifty sustaining below its weekly support of 18245 - 18200 can move towards its initial weekly short targets of 18090 - 18050
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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