In the previous session:
Nifty went up by 309 points before closing higher by 273 points on Friday
Nifty made a new lifetime high of 21492.30 on 15th Dec 2023 from the lows of 7511.10 made on 24th March 2020
On 15th Dec:
Nifty opened with a gap up near above our 1st target and then gave dip to enter and completed all targets doing 190 points and exceeded it by 60 points.
For 18th Dec:
Sustaining above 21500 can move towards 21530 - 21565 - 21650, SL 21470
In the Previous Week:
Nifty completed all weekly long targets till 21380 - 21500 making a high of 21492.30 on closing above 21100.
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 21530 - 21580 to move towards its initial weekly long targets of 21710 - 21740
Closing above 21740 Nifty may move towards its last weekly long targets of 21850 - 21970
On the downside:
Nifty has to sustain and close below its weekly support at 21380 - 21330 to move towards its initial weekly short targets of 21210 - 21170
Closing below 21170 Nifty may move towards its last weekly short targets of 21070 - 20950
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
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
No comments:
Post a Comment