Nifty Outlook for 04th Oct

 In the previous session:

Nifty went down by 158 points before closing lower by 109 points on Tuesday 

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 03rd Oct:

Nifty triggered our long trade and almost completed all targets doing 115 points 

For 04th Oct:

Sustaining above 19570 can move towards 19595 - 19625 - 19700, SL 19540

Sustaining below 19485 can move towards 19460 - 19430 - 19360, SL 19515

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

So far this week Nifty made a low of 19479.65 breaking our weekly support zone of 19570 - 19530 and closed at 19528.75 triggering our weekly short trade. The cbsl for the weekly short trade is 19630

Now in the coming session Nifty sustaining below 19530 can move towards 19415 - 19385. On the upside Nifty has immediate resistance at 19570 - 19630 and has to break and sustain above it to move towards 19705 - 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