In the previous session :
Nifty went up by 107 points before closing higher by 69 points on Thursday.
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 29th Jul :
Nifty triggered our long trade and completed 2 targets and more doing 60 points .
For 30th Jul :-
Sustaining above 15820 enter for 15840 - 15870 - 15940 , SL 15790
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 15513.45 breaking our next supports but managed to bounce back towards 15800 in the next sessions.
Now has immediate resistance at 15750 - 15790 zone and it needs to sustain or close above it for a further move towards 15850 - 15900 levels .
In the month of July Nifty made a high of 15962.25 and made a low of 15513.45 .
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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