In the previous session :
Nifty went up by 247 points before closing higher by 180 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 20th Jul :-
Nifty triggered our long trade with a gap up above our last target and did not give a chance to trade.
For 21st Jul :-
Sustaining above 16570 enter for 16595 - 16630 - 16715 , SL 16535
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 .
So far this week Nifty made a high of 16588 completing all our weekly long targets till 16400 - 16500 and exceeded it. Now in the coming session Nifty has immediate resistance at 16600 which it needs to break and sustain above for a further move towards 16700 - 16780 . On the downside Nifty breaking and sustaining below 16475 can move towards 16410 - 16350 .
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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