In the previous session:
Nifty went up by 140 points before closing higher by 93 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 08th Sep:
Nifty triggered our long trade and completed all targets doing 90 points
For 11th Sep:
Sustaining above 19850 can move towards 19865 - 19890 - 19940, SL 19830
In the Previous Week:
Nifty triggered our weekly long trade above 19520 and completed all our weekly long targets till 19715 - 19800 doing 280 points and exceeded it by 60 points with a high of 19867.15
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19865 - 19895 to move towards its initial weekly long targets of 19975 - 19995.
Closing above 19995 Nifty may move towards its last weekly long targets of 20065 - 20140
On the downside:
Nifty has to sustain and close below its weekly support at 19775 - 19745 to move towards its initial weekly short targets of 19665 - 19645
Closing below 19645 Nifty may move towards its last weekly short targets of 19575 - 19500
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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