In the previous session:
Nifty went up by 215 points before closing higher by 207 points on Wednesday
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 29th Nov:
Nifty triggered our long trade with a gap up above our 2nd target and did not give a chance to trade
For 30th Nov:
Sustaining above 20125 can move towards 20145 - 20165 - 20220, SL 20105
In the Previous Week:
Nifty traded sideways between our long and short trigger zone and did not give any directional move
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19850 - 19885 to move towards its initial weekly long targets of 19985 - 20010
Closing above 20010 Nifty may move towards its last weekly long targets of 20090 - 20180
On the downside:
Nifty has to sustain and close below its weekly support at 19740 - 19705 to move towards its initial weekly short targets of 19605 - 19580
Closing below 19580 Nifty may move towards its last weekly short targets of 19500 - 19410
So far this week Nifty broke above our weekly resistance zone of 19850 - 19885 and had triggered our weekly long trade and today completed our initial weekly long targets till 19985 - 20010 and reached our next weekly long targets of 20090 - 20180 with a high of 20104.65 and closed at 20096.60. Now trailing cbsl for the weekly long trade is 19980.
Now in the coming session Nifty sustaining above 20010 can move towards 20090 - 20180 to complete its weekly long targets. On the downside Nifty sustaining below 20065 has immediate support at 20030 - 19980.
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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