In the previous session :
Nifty went down by 185 points before closing lower by 158 points on Tuesday
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 12th Jul :-
Nifty triggered our short trade with a big gap down below our 2nd target for the day and did not give a entry to trade .
For 13th Jul :-
Sustaining above 16095 enter for 16120 - 16145 - 16215 , SL 16070
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 .
So far this week Nifty made a low of 16031.15 testing our next weekly support zone of 16060 - 16030 and closed at 16058.30. Now in the coming session Nifty breaking and sustaining below 16030 can move towards 15960 - 15880 . On the upside Nifty has immediate resistance at 16150 and has to break and sustain above it to move towards 16200 - 16250
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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