Nifty Outlook for 29th Sep

 In the previous session:

Nifty went up by 50 points then went down by 224 points before closing lower by 193 points on Thursday 

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 28th Sep:

Nifty triggered our short trade and completed all targets doing 115 points and exceeded it by another 70 points

For 29th Sep:

Sustaining above 19565 can move towards 19585 - 19615 - 19690, SL 19535

Sustaining below 19485 can move towards 19460 - 19430 - 19360, SL 19510

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

So far this week Nifty has made a low of 19492.10 breaking our weekly support zone of 19600 - 19550 and closed at 19523.55 confirming our weekly short. Tomorrow is the last day of the week and trailing cbsl for the weekly short is 19640 

Now in the coming session Nifty sustaining below 19550 can move towards 19430 - 19390. On the upside Nifty has immediate resistance at 19630 and breaking and sustaining above it can move towards 19700 - 19750.

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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