Nifty Outlook for 28th Dec

 In the previous session:

Nifty went up by 234 points before closing higher by 213 points on Wednesday 

Nifty made a new lifetime high of 21593 on 20th Dec 2023 from the lows of 7511.10 made on 24th March 2020

On 27th Dec:

Nifty triggered our long trade and almost completed all targets doing 170 points 

For 28th Dec:

Sustaining above 21720 can move towards 21760 - 21805 - 21930, SL 21675

Sustaining below 21590 can move towards 21550 - 21505 - 21380, SL 21635

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

So far this week Nifty triggered our long trade on sustaining above 21520 and has made a high of 21675.75 almost reaching our initial weekly long targets of 21700 - 21750 and closed at 21654.75

Now in the coming session Nifty has immediate resistance at 21700 - 21750 and has to break and sustain above 21750 to move towards its next long targets of 21900 - 22060. On the downside Nifty has immediate support at 21520 - 21455 and has to break and sustain below it for a further down move.

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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