In the previous session:
Nifty went up by 202 points before closing higher by 115 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 29th Sep:
Nifty triggered our long trade and completed all targets doing 125 points and exceeded it by another 36 points
For 03rd Oct:
Sustaining above 19680 can move towards 19705 - 19735 - 19810, SL 19650
In the Previous Week:
Nifty traded sideways mostly between our weekly long and short trigger zone
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19705 - 19750 to move towards its initial weekly long targets of 19865 - 19895
Closing above 19895 Nifty may move towards its last weekly long targets of 19990 - 20100
On the downside:
Nifty has to sustain and close below its weekly support at 19570 - 19530 to move towards its initial weekly short targets of 19415 - 19385
Closing below 19385 Nifty may move towards its last weekly short targets of 19285 - 19180
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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