Nifty Outlook for 25th Oct

 In the previous session:

Nifty went up by 14 points then went down by 285 points before closing lower by 260 points on Monday 

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 23rd Oct:

Nifty triggered our short trade and completed all targets doing 115 points and exceeded it by another 130 points 

For 25th Oct:

Sustaining above 19325 can move towards 19350 - 19375 - 19450, SL 19295

Sustaining below 19240 can move towards 19215 - 19185 - 19120, SL 19270

In the Previous Week: 

Nifty triggered our weekly short trade below 19635 and made a low of 19512.35 reaching our initial weekly short target zone and doing 120 points.

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 19605 - 19640 to move towards its initial weekly long targets of 19740 - 19770

Closing above 19770 Nifty may move towards its last weekly long targets of 19855 - 19950

On the downside:

Nifty has to sustain and close below its weekly support at 19480 - 19445 to move towards its initial weekly short targets of 19345 - 19315

Closing below 19315 Nifty may move towards its last weekly short targets of 19230 - 19140

So far this week Nifty triggered our weekly short trade below 19445 and made a low of 19257.85 completing our initial short targets till 19345 - 19315 and almost reached our last weekly short target zone of 19230 - 19140 and closed at 19281.75.

Now in the coming Nifty sustaining below 19315 can move towards 19230 - 19140 where it has strong support and we may see a bounce. On the upside Nifty sustaining above 19345 has immediate resistance at 19445 - 19480

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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