In the previous session:
Nifty went up by 135 points then went down by 22 points before closing higher by 94 points on Friday
Nifty made a new lifetime high of 21593 on 20th Dec 2023 from the lows of 7511.10 made on 24th March 2020
On 22nd Dec:
Nifty triggered our long trade and almost completed 2 targets doing 70 points
For 26th Dec:
Sustaining above 21415 can move towards 21455 - 21500 - 21620, SL 21370
In the Previous Week:
Nifty completed all weekly short targets till 21210 - 21170 making a low of 20976.80 on sustaining below 21330.
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 21455 - 21520 to move towards its initial weekly long targets of 21700 - 21750
Closing above 21750 Nifty may move towards its last weekly long targets of 21900 - 22060
On the downside:
Nifty has to sustain and close below its weekly support at 21245 - 21180 to move towards its initial weekly short targets of 21000 - 20950
Closing below 20950 Nifty may move towards its last weekly short targets of 20800 - 20650
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