Nifty Outlook for 28th Jul

 In the previous session :

Nifty went down by 45 points then went up by 169 points before closing higher by 157 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 27th Jul :-

Nifty triggered our long trade and almost completed all targets doing 200+ points. 

For 28th Jul :-

Sustaining above 16690 enter for 16715 - 16750 - 16830 , SL 16655

Sustaining below 16590 enter for 16570 - 16530 - 16450 , SL 16630

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 16438. 75 testing our weekly short targets zone of 16465 - 16430 and bounced back sharply to close today at 16641 . Now in the coming session Nifty has to sustain above 16640 to move towards 16795 - 16845 where it its initial weekly resistance zone. On the downside Nifty has immediate resistance at at 16590 breaking and sustaining below which Nifty can move down again towards 16530 - 16450  .

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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.