Nifty Outlook for 26th Mar

 In the previous session:

Nifty went down by 128 points then went up by 168 points before closing higher by 84 points on Friday 

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 22nd Mar:

Nifty initially triggered our short trade and completed 1 target and took our stoploss. Post that Nifty reversed to trigger our long trade and completed 2 targets doing 85 points

For 26th Mar:

Sustaining above 22160 can move towards 22200 - 22245 - 22360, SL 22115

Sustaining below 22035 can move towards 21995 - 21950 - 21830, SL 22080

(One should ideally look to exit near the 2nd target once a trade is triggered)

In the Previous Week: 

Nifty triggered our short trade closing below 21880 and almost completed our initial targets till 21730 - 21690 with a low of 21710.20 doing 150+ points 

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 22200 - 22265 to move towards its initial weekly long targets of 22435 - 22480

Closing above 22480 Nifty may move towards its last weekly long targets of 22630 - 22800

On the downside:

Nifty has to sustain and close below its weekly support at 21995 - 21930 to move towards its initial weekly short targets of 21755 - 21710

Closing below 21710 Nifty may move towards its last weekly short targets of 21560 - 21400

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