In the previous session:
Nifty went up by 187 points before closing higher by 178 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 26th May:
Nifty triggered our long trade and completed all targets and more doing 150 points
For 29th May:
Sustaining above 18535 enter for 18560 - 18585 - 18655, SL 18510
In the Previous Week:
Nifty confirmed our long trade on closing above 18275 and completed all weekly long targets till 18425 - 18490 with a high of 18508.55
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 18560 - 18600 to move towards its initial weekly long targets of 18700 - 18725.
Closing above 18725 Nifty may move towards its last weekly long targets of 18810 - 18910
On the downside:
Nifty has to sustain and close below its weekly support at 18440 - 18400 to move towards initial weekly short targets of 18300 - 18275
Closing below 18275 Nifty may move towards next targets of 18190 - 18090
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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