Nifty Outlook for 14th Sep

 In the previous session:

Nifty went down by 49 points then went up by 103 points before closing higher by 76 points on Wednesday 

Nifty made a new lifetime high of 20110.35 on 12th Sep 2023 from the lows of 7511.10 made on 24th March 2020

On 13th Sep:

Nifty triggered our long trade and completed 2 targets doing 45 points and exceeded it by 26 points 

For 14th Sep:

Sustaining above 20095 can move towards 20105 - 20125 - 20165, SL 20075

Sustaining below 20045 can move towards 20035 - 20015 - 19975, SL 20065

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

So far this week Nifty made a high of 20110.35 reaching our last weekly long targets of 20065 - 20140 on sustaining above 19895 and closed today at 20070.

Now in the coming session Nifty has immediate resistance at 20125 - 20140. On the downside Nifty has immediate support at 19995 - 19975 on dips and sustaining below it can dip further towards 19895 - 19865 where it has strong support

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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