In the previous session :
Nifty went up by 84 points then went down by 34 points before closing lower by 15 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 30th Jul :
Nifty triggered our long trade and nearly completed 2 targets doing 40 points .
For 02nd Aug :-
Sustaining above 15805 enter for 15825 - 15855 - 15925 , SL 15775
Now for this week :
Nifty has immediate resistance at 15825 - 15865 zone and sustaining or closing above we may see a further move towards 15975 - 16000 zone
Nifty has immediate support at 15700 - 15660 zone and sustaining or closing below that we may see a move towards 15555 - 15525 zone
In the month of July Nifty made a high of 15962.25 and made a low of 15513.45 .
For the month of August Nifty has to give a consecutive close above 15975 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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