Nifty Outlook for 11th Oct

 In the previous session:

Nifty went up by 205 points before closing higher by 177 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 10th Oct:

Nifty triggered our long trade and completed all targets doing 130 points and exceeded it by 20 points

For 11th Oct:

Sustaining above 19740 can move towards 19770 - 19805 - 19895, SL 19705

Sustaining below 19640 can move towards 19610 - 19575 - 19480, SL 19675

In the Previous Week: 

Nifty traded triggered our weekly short trade closing below 19530 and completed our initial targets of 19415 - 19385 with a low of 19333.60 

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 19720 - 19760 to move towards its initial weekly long targets of 19870 - 19900 

Closing above 19900 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 19590 - 19550 to move towards its initial weekly short targets of 19435 - 19405

Closing below 19405 Nifty may move towards its last weekly short targets of 19315 - 19205

So far this week Nifty had made a low of 19480.50 breaking below our weekly support zone of 19590 - 19550 and triggered our weekly short trade and today took our stoploss by closing above 19625. Nifty closed today at 19689.85.

Now in the coming session Nifty has immediate resistance at 19720 - 19760 and has to break and sustain / close above it for a further move towards 19870 - 19900.On the downside Nifty has immediate resistance at 19630 - 19600.

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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