In the previous session :
Nifty went up by 243 points before closing higher by 228 points on Friday
Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 29th Jul :-
Nifty triggered our long trade with a gap up above our 2nd target and went up further by 120 points
For 01st Aug :-
Sustaining above 17210 enter for 17240 - 17280 - 17380 , SL 17175
Now for this week :
On the upside :
Nifty has to sustain and close above its immediate resistance at 17250 - 17300 to move towards initial targets of 17440 - 17480 .
Closing above 17480 Nifty may move towards next targets of 17600 - 17750 .
On the downside :
Nifty has to sustain and close below its immediate support at 17050 - 17000 to move towards initial targets of 16880 - 16830 .
Closing below 16830 Nifty may move towards next targets of 16710 - 16570 .
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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