In the previous session :
Nifty went up by 65 points before closing higher by 42 points on Wednesday.
Nifty made a new life time high of 15915.65 in this upmove from the lows of 7511.10 made on 24th March 2020
On 14th Jul :
Nifty triggered our long trade and nearly completed 2 targets doing 30 points .
For 15th Jul :
Sustaining above 15895 enter for 15910 - 15925 - 15980 , SL 15865
Now for this week :
Nifty has immediate resistance at 15735 - 15765 zone and sustaining or closing above we may see a further move towards 15840 - 15860 zone
Nifty has immediate support at 15645 - 15615 zone and sustaining or closing below that we may see a move towards 15540 - 15520 zone
So far this week Nifty made a high of 15877.35 breaking above our next resistance zone and also closed within it .
Now while holding above 15815 Nifty has to cross and sustain above 15860 for a move towards 15925 - 16000 .
Overall Nifty has to break and close beyond the sideways trading range of 15550 - 15900 for a bigger move in this month .
In the month of June Nifty made a high of 15915.65 and made a low of 15450.90 .
For the month of July Nifty has to give a consecutive close above 15895 for a further move on the upside . On the downside Nifty has to give a consecutive close below 15550 for a further correction.
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Disclaimer : These are my personal views and one should do their own research 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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