In the previous session:
Nifty went down by 250 points before closing lower by 234 points on Friday
Nifty made a new lifetime high of 22775.70 on 10th Apr 2024 from the lows of 7511.10 made on 24th March 2020
On 12th Apr:
Nifty triggered our short trade and completed all targets doing 100 points and exceeded it further by 125 points
For 15th Apr:
Sustaining above 22565 can move towards 22590 - 22620 - 22700, SL 22530
(One should ideally look to exit near the 2nd target once a trade is triggered)
In the Previous Week:
Nifty triggered our weekly long trade sustaining above 22605 and completed our initial targets till 22700 - 22725 with a high of 22775.70 doing 150 points
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 22590 - 22630 to move towards its initial weekly long targets of 22750 - 22780
Closing above 22780 Nifty may move towards its last weekly long targets of 22880 - 22990
On the downside:
Nifty has to sustain and close below its weekly support at 22450 - 22405 to move towards its initial weekly short targets of 22290 - 22260
Closing below 22260 Nifty may move towards its last weekly short targets of 22155 - 22045
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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