Nifty 18113 - We suggested today's market move exactly in our Jan 15th posting "in.tradingview.com/chart/NIFTY/ISo05UDh-Nifty-Trading-plan-for-Next-week/" . Nifty Made a high of 18350 and reversed to end low at 18113 as we had mentioned in the posting.
For reference Our Jan 15 posting below :
Nifty 18340 - Who would have believed us when we mention Nifty will be moved to 18334-18350 zone in our last posting on Jan 15 when Nifty was at 18255. Nifty has hit intraday high of 18350 and is trading around 18340 .
18212 - Has resistance at 18268 to 18314 . A inverse J hook suggests a bullish trend continuation with support 18158. A breakdown below 18145 could make nifty to retest 17950-
Reduce in effort/result suggests weakness in trend
Nifty 18221 - Has almost reached near our target 18240 ( Just missed by 20 points ).
We posted this target 18240 on 9th when Nifty was trading just around 17820 .
We posted with reasoning for this target on 10th Jan
Nifty 16770 -Some buying interest coming in. Nifty has resistance at 16885. We expect Nifty may test this resistance and if it couldn't breakout then we shall expect it fall back to 16615.
Last Posting : Target achieved