In the previous session :
Nifty went down by 56 points then went up by 76 points before closing higher by 32 points on Friday.
Nifty made a new life time high of 15952.35 in this upmove from the lows of 7511.10 made on 24th March 2020
On 23rd Jul :
Nifty initially triggered our short trade and took our stoploss . Post that Nifty reversed to trigger our long trade and completed just 1 target doing 35 points .
For 26th Jul :-
Sustaining above 15895 enter for 15920 - 15950 - 16025 , SL 15870
Now for this week :
Nifty has immediate resistance at 15925 - 15965 zone and sustaining or closing above we may see a further move towards 16075 - 16105 zone
Nifty has immediate support at 15790 - 15750 zone and sustaining or closing below that we may see a move towards 15635 - 15605 zone
Now Nifty has immediate resistance near 15925 - 15965 and it needs to sustain above 15965 to move up further towards 16075 - 16105 and failing to do so we can see a correction towards 15790 - 15750
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.
Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .
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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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