In the previous session:
Nifty went up by 219 points before closing higher by 190 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 27th Oct:
Nifty initially triggered our long trade by opening above our 1st target and went up further to complete all targets doing 100 points and exceeded it with further by 45 points
For 30th Oct:
Sustaining above 19100 can move towards 19135 - 19175 - 19275, SL 19065
In the Previous Week:
Nifty triggered our weekly short trade below 19445 and made a low of 18837.85 completing all our short targets till 19140 and exceeding it further by 300 points
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19135 - 19190 to move towards its initial weekly long targets of 19340 - 19380
Closing above 19380 Nifty may move towards its last weekly long targets of 19505 - 19650
On the downside:
Nifty has to sustain and close below its weekly support at 18960 - 18905 to move towards its initial weekly short targets of 18755 - 18715
Closing below 18715 Nifty may move towards its last weekly short targets of 18590 - 18445
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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