Nifty Outlook for 14th Jul

 In the previous session :

Nifty went up by 81 points then went down by 108 points before closing lower by 91 points on Wednesday

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 13th Jul :-

Nifty triggered our long trade with a big gap up near our 2nd target for the day and did not give a entry to trade . Post that Nifty reversed to trigger our short trade and completed 2 targets and more doing 70 points.

For 14th Jul :-

Sustaining above 16010 enter for 16030 - 16060 - 16135 , SL 15980

Sustaining below 15925 enter for 15905 - 15875 - 15800 , SL 15955

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 15950.15  testing our last weekly support zone of 15960 - 15880 and closed at 15966..65. Now in the coming session Nifty sustaining below 16030 can move towards 15960 - 15880 where we may see some support  . On the upside Nifty has immediate resistance at 16030 - 16060 and has to break and sustain above it to move towards 16140 - 16170 

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.