In the previous session :
Nifty went down by 155 points before closing lower by 88 points on Monday
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 25th Jul :-
Nifty triggered our short trade and completed 2 targets and more doing 100+ points.
For 26th Jul :-
Sustaining above 16675 enter for 16700 - 16730 - 16800 , SL 16645
Now for this week :
On the upside :
Nifty has to sustain and close above 16795 - 16845 where it has its initial resistance to move towards next targets of 16975 - 17010 .
Closing above 17010 Nifty may move towards further targets of 17120 - 17240 .
On the downside :
Nifty has to sustain and close below 16640 - 16590 where it has its initial support to move towards next targets of 16465 - 16430 .
Closing below 16430 Nifty may move towards further targets of 16320 - 16200 .
So far this week Nifty has made a low of 16564.25 breaking below our initial support zone of 16640 - 16590 and closed today at 16631 . Now in the coming session Nifty sustaining below 16590 can move towards its initial weekly short target zone of 16465 - 16430. On the upside Nifty has immediate resistance at at 16795 - 16845 .
Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .
Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
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.
No comments:
Post a Comment