Nifty Outlook for 28th Jul

 In the previous session :

Nifty went up by 57 points then went down by 123 points before closing lower by 78 points on Tuesday.

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 27th Jul :

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

For 28th Jul :-

Sustaining above 15785 enter for 15810 - 15840 - 15900 , SL 15755

Sustaining below 15705 enter for 15685 - 15655 - 15580 , SL 15735

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

So far this week Nifty made a high of 15893.35 and then reversed to make a low of 15701. Now if Nifty sustains below 15750 then we may see a move towards 15635 - 15605 too on breaking below 15700 where it a minor support . 

As mentioned earlier "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 ", Nifty failing to break above 15965 we saw it correct towards 15700 levels .

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" .

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              

To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.

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.