In the previous session:
Nifty went up by 97 points then went down by 26 points before closing higher by 33 points on Thursday
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 14th Sep:
Nifty triggered our long trade with a gap up above our 2nd long target and did not give a chance to enter. Post that Nifty traded sideways between our short and long trigger levels for most of the session
For 15th Sep:
Sustaining above 20125 can move towards 20135 - 20150 - 20185, SL 20110
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 20167.65 completing our last weekly long targets of 20065 - 20140 on sustaining above 19895 and closed today at 20103.10
Now in the coming session Nifty has immediate resistance at 20150 - 20180. On the downside Nifty has immediate support at 20050 and breaking and sustaining below it can move towards 19995 - 19975.
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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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