In the previous session:
Nifty went down by 111 points then went up by 8 points before closing lower by 55 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 18th Aug:
Nifty triggered our short trade and nearly completed all targets doing 75 points.
For 21st Aug:
Sustaining above 19335 enter for 19350 - 19370 - 19420, SL 19315
In the Previous Week:
Nifty mostly traded between our long and short trigger levels
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19355 - 19380 to move towards its initial weekly long targets of 19450 - 19470.
Closing above 19470 Nifty may move towards its last weekly long targets of 19530 - 19600
On the downside:
Nifty has to sustain and close below its weekly support at 19270 - 19240 to move towards its initial weekly short targets of 19170 - 19150
Closing below 19150 Nifty may move towards its last weekly short targets of 19090 - 19030
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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