In the previous session :
Nifty went down by 269 points then went up by 13 points before closing lower by 28 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 01st Jul :-
Nifty initially triggered our short trade and completed all targets and more doing 200+ points.
For 04th Jul :-
Sustaining above 15805 enter for 15840 - 15880 - 15980 , SL 15770
Now for this week :
On the upside :
Nifty has to sustain and close above 15840 - 15900 where it has its initial resistance to move towards next targets of 16050 - 16090 .
Closing above 16090 Nifty may move towards further targets of 16220 - 16360 .
On the downside :
Nifty has to sustain and close below 15660 - 15610 where it has its initial support to move towards next targets of 15460 - 15410 .
Closing below 15410 Nifty may move towards further targets of 15285 - 15140 .
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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