Nifty Outlook for 21st Sep

 In the previous session:

Nifty went down by 254 points before closing lower by 231 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 20th Sep:

Nifty triggered our short trade with a gap down below our 2nd target and fell further by 120 points

For 21st Sep:

Sustaining above 19945 can move towards 19970 - 20005 - 20085, SL 19915

Sustaining below 19855 can move towards 19830 - 19800 - 19720, SL 19890

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

So far this week Nifty has made a low of 19878.85 completing our last weekly short targets till 20025 - 19975 on closing below our weekly support zone of 20160 - 20140 in the previous session and gave a move of 250 points.

Now in the coming session Nifty has immediate resistance at 19975 - 20025 on bounce. On the downside Nifty sustaining below 19860 can move towards 19800 - 19760 next.

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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