In the previous session :
Nifty went up by 142 points before closing higher by 88 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 08th Jul :-
Nifty triggered our long trade with a big gap up above our last target for the day and did not give a entry to trade .
For 11th Jul :-
Sustaining above 16250 enter for 16270 - 16290 - 16350 , SL 16230
Now for this week :
On the upside :
Nifty has to sustain and close above 16270 - 16300 where it has its initial resistance to move towards next targets of 16385 - 16410 .
Closing above 16410 Nifty may move towards further targets of 16480 - 16560 .
On the downside :
Nifty has to sustain and close below 16170 - 16140 where it has its initial support to move towards next targets of 16060 - 16030 .
Closing below 16030 Nifty may move towards further targets of 15960 - 15880 .
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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