In the previous session:
Nifty went down by 101 points before closing lower by 47 points on Friday
Nifty made a new lifetime high of 21801.45 on 28th Dec 2023 from the lows of 7511.10 made on 24th March 2020
On 29th Dec:
Nifty triggered our short trade and completed just 1 target doing 35 points
For 01st Jan:
Sustaining above 21785 can move towards 21820 - 21860 - 21960, SL 21745
In the Previous Week:
Nifty completed our initial weekly long targets till 21700 - 21750 making a high of 21801 on sustaining above 21520.
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 21820 - 21875 to move towards its initial weekly long targets of 22030 - 22070
Closing above 22070 Nifty may move towards its last weekly long targets of 22190 - 22340
On the downside:
Nifty has to sustain and close below its weekly support at 21640 - 21585 to move towards its initial weekly short targets of 21440 - 21390
Closing below 21390 Nifty may move towards its last weekly short targets of 21270 - 21120
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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