In the previous session:
Nifty went up by 111 points then went down by 430 points before closing lower by 338 points on Wednesday
Nifty made a new lifetime high of 22526.60 on 11th Mar 2024 from the lows of 7511.10 made on 24th March 2020
On 13th Mar:
Nifty triggered our short trade and completed all targets doing 115 points and exceeded it by 250+ points
For 14th Mar:
Sustaining above 22065 can move towards 22105 - 22155 - 22215, SL 22020
(One should ideally look to exit near the 2nd target once a trade is triggered)
In the Previous Week:
Nifty traded sideways between our weekly long and short trigger levels
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 22585 - 22645 to move towards its initial weekly long targets of 22810 - 22850
Closing above 22850 Nifty may move towards its last weekly long targets of 22980 - 23130
On the downside:
Nifty has to sustain and close below its weekly support at 22400 - 22340 to move towards its initial weekly short targets of 22180 - 22140
Closing below 22140 Nifty may move towards its last weekly short targets of 22000 - 21850
So far this week Nifty has made a low of 21905.65 almost completing our last weekly short targets of 22000 - 21850 and closed today at 21997.70. The trailing stoploss for the weekly short trade is now a hourly close above 22155.
Now in the coming session Nifty sustaining below 21930 can move towards 21840 - 21780. On the upside Nifty sustaining above 22065 can move towards 22155 - 22215.
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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