In the previous session:
Nifty went down by 97 points then went up by 40 points before closing lower by 33 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 17th Nov:
Nifty triggered our short trade with a gap down near our 2nd target and did not give a trade
For 20th Nov:
Sustaining above 19770 can move towards 19790 - 19815 - 19880, SL 19740
In the Previous Week:
Nifty triggered our weekly long trade above 19520 and completed all targets till 19720 - 19810 with a high of 19875.25
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19790 - 19825 to move towards its initial weekly long targets of 19920 - 19945
Closing above 19945 Nifty may move towards its last weekly long targets of 20030 - 20120
On the downside:
Nifty has to sustain and close below its weekly support at 19675 - 19640 to move towards its initial weekly short targets of 19545 - 19515
Closing below 19515 Nifty may move towards its last weekly short targets of 19440 - 19350
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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