Nifty Outlook for 04th Jul

 In the previous session:

Nifty went up by 156 points before closing higher by 133 points on Monday 

Nifty made a new lifetime high of 19345.10 on 03rd Jul 2023 from the lows of 7511.10 made on 24th March 2020

On 03rd Jul:

Nifty triggered our long trade and almost completed all targets doing 110 points 

For 04th Jul:

Sustaining above 19365 enter for 19385 - 19415 - 19490, SL 19335

Sustaining below 19280 enter for 19260 - 19230 - 19160, SL 19310

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

So far this week Nifty has made a high of 19345.10 breaking above its weekly resistance zone of 19255 - 19300 and closed at 19322.55

Now in the coming session Nifty sustaining above 19300 can move towards 19415 - 19445 to complete its initial weekly long targets. On the downside Nifty has immediate support at 19230 - 19160

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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.