In the previous session:
Nifty went down by 69 points then went up by 88 points before closing higher by 73 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 19th May:
Nifty triggered our short trade and completed 2 targets doing 60 points
For 22nd May:
Sustaining above 18230 enter for 18245 - 18265 - 18310, SL 18210
In the Previous Week:
Nifty confirmed our short trade on closing below 18200 and completed our initial weekly short targets of 18090 - 18050 with a low of 18060.40
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 18245 - 18275 to move towards its initial weekly long targets of 18345 - 18365.
Closing above 18365 Nifty may move towards its last weekly long targets of 18425 - 18490
On the downside:
Nifty has to sustain and close below its weekly support at 18160 - 18135 to move towards initial weekly short targets of 18065 - 18045
Closing below 18045 Nifty may move towards next targets of 17985 - 17915
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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