In the previous session:
Nifty went up by 14 points then went down by 130 points before closing lower by 115 points on Friday
Nifty made a new lifetime high of 19991.85 on 20th Jul 2023 from the lows of 7511.10 made on 24th March 2020
On 11th Aug:
Nifty triggered our short trade and completed 2 targets and more doing 85 points.
For 14th Aug:
Sustaining above 19470 enter for 19495 - 19525 - 19600, SL 19440
In the Previous Week:
Nifty traded sideways between our long and short trigger zone
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19495 - 19535 to move towards its initial weekly long targets of 19650 - 19680.
Closing above 19680 Nifty may move towards its last weekly long targets of 19775 - 19885
On the downside:
Nifty has to sustain and close below its weekly support at 19360 - 19320 to move towards initial weekly short targets of 19205 - 19175
Closing below 19175 Nifty may move towards its last weekly short targets of 19080 - 18980
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 decisionsNifty
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