In the previous session :
Nifty went down by 11 points then went up by 128 points before closing higher by 110 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 15th Jul :-
Nifty triggered our long trade and completed 2 targets and more doing 70+ points
For 18th Jul :-
Sustaining above 16090 enter for 16115 - 16145 - 16220 , SL 16060
Now for this week :
On the upside :
Nifty has to sustain and close above 16120 - 16160 where it has its initial resistance to move towards next targets of 16270 - 16300 .
Closing above 16300 Nifty may move towards further targets of 16400 - 16500 .
On the downside :
Nifty has to sustain and close below 15980 - 15940 where it has its initial support to move towards next targets of 15830 - 15800 .
Closing below 15800 Nifty may move towards further targets of 15700 - 15600 .
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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