In the previous session:
Nifty went up by 229 points before closing higher by 217 points on Friday
Nifty made a new lifetime high of 19201.70 on 30th Jun 2023 from the lows of 7511.10 made on 24th March 2020
On 30th Jun:
Nifty opened above our 2nd long target but then gave a dip till near our entry and completed all targets and more doing 150 points
For 03rd Jul:
Sustaining above 19230 enter for 19255 - 19285 - 19360, SL 19200
In the Previous Week:
Nifty triggered our long trade on closing above 18755 and completed all targets till 19030 and more making a high of 19201.70
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19255 - 19300 to move towards its initial weekly long targets of 19415 - 19445.
Closing above 19445 Nifty may move towards its last weekly long targets of 19540 - 19650
On the downside:
Nifty has to sustain and close below its weekly support at 19120 - 19080 to move towards initial weekly short targets of 18965 - 18935
Closing below 18935 Nifty may move towards its last weekly short targets of 18840 - 18730
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Disclaimer: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor 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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