In the previous session:
Nifty went up by 56 points then went down by 85 points before closing lower by 68 points on Friday
Nifty made a new lifetime high of 20222.45 on 15th Sep 2023 from the lows of 7511.10 made on 24th March 2020
On 22nd Sep:
Nifty triggered our short trade and completed just 1 target doing 30points
For 25th Sep:
Sustaining above 19720 can move towards 19750 - 19780 - 19860, SL 19690
In the Previous Week:
Nifty triggered our weekly short trade below 20140 and completed all our weekly short targets till 20025 - 19975 doing 165 points and exceeded it by 300+ points with a low of 19657.50
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19750 - 19795 to move towards its initial weekly long targets of 19920 - 19955.
Closing above 19955 Nifty may move towards its last weekly long targets of 20060 - 20180
On the downside:
Nifty has to sustain and close below its weekly support at 19600 - 19550 to move towards its initial weekly short targets of 19430 - 19390
Closing below 19390 Nifty may move towards its last weekly short targets of 19285 - 19170
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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