In the previous session:
Nifty went up by 281 points before closing higher by 247 points on Friday
Nifty made a new lifetime high of 21928.25 on 12th Jan 2024 from the lows of 7511.10 made on 24th March 2020
On 12th Jan:
Nifty opened near our last long target for the day and did not give a entry
For 15th Jan:
Sustaining above 21945 can move towards 21975 - 22015 - 22110, SL 21910
In the Previous Week:
Nifty triggered our weekly short trade below 21600 and completed our initial weekly short targets till 21480 - 21450 with a low of 21448.65 and took our trialing stoploss.
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 21980 - 22030 to move towards its initial weekly long targets of 22170 - 22210
Closing above 22210 Nifty may move towards its last weekly long targets of 22330 - 22460
On the downside:
Nifty has to sustain and close below its weekly support at 21810 - 21760 to move towards its initial weekly short targets of 21620 - 21580
Closing below 21580 Nifty may move towards its last weekly short targets of 21460 - 21330
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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