In the previous session:
Nifty went up by 208 points before closing higher by 160.15 points on Friday
Nifty made a new lifetime high of 22124.15 on 16th Jan 2024 from the lows of 7511.10 made on 24th March 2020
On 19th Jan:
Nifty opened near our 1st long target and went up to completed our 2nd long target doing 50 points
For 20th Jan:
Sustaining above 21700 can move towards 21745 - 21800 - 21945, SL 21645
In the Previous Week:
Nifty initially triggered our weekly long trade above 22030 but took our stoploss. Post that Nifty triggered our weekly short trade below 21760 and completed all short targets till 21330 wiht a low of 21285.55.
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 21750 - 21825 to move towards its initial weekly long targets of 22030 - 22090
Closing above 22090 Nifty may move towards its last weekly long targets of 22270 - 22470
On the downside:
Nifty has to sustain and close below its weekly support at 21500 - 21420 to move towards its initial weekly short targets of 21210 - 21150
Closing below 21150 Nifty may move towards its last weekly short targets of 20970 - 20770
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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