In the previous session:
Nifty went up by 119 points before closing higher by 89 points on Friday
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 15th Sep:
Nifty triggered our long trade with a gap up above our 2nd target and completed all targets doing 30 points and exceeded it further by 50 points
For 16th Sep:
Sustaining above 20215 can move towards 20225 - 20240 - 20275, SL 20200
In the Previous Week:
Nifty triggered our weekly long trade above 19895 and completed all our weekly long targets till 20065 - 20140 doing 245 points and exceeded it by 80 points with a high of 20222.45
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 20225 - 20245 to move towards its initial weekly long targets of 20300 - 20315.
Closing above 20315 Nifty may move towards its last weekly long targets of 20360 - 20410
On the downside:
Nifty has to sustain and close below its weekly support at 20160 - 20140 to move towards its initial weekly short targets of 20085 - 20070
Closing below 20070 Nifty may move towards its last weekly short targets of 20025 - 19975
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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