Nifty Outlook for 07th Jul

 In the previous session:

Nifty went down by 25 points then went up by 113 points before closing higher by 98 points on Thursday 

Nifty made a new lifetime high of 19434.15 on 04th Jul 2023 from the lows of 7511.10 made on 24th March 2020

On 06th Jul:

Nifty triggered our long trade and completed 2 targets and more doing 70 points

For 07th Jul:

Sustaining above 19535 enter for 19555 - 19580 - 19640, SL 19510

Sustaining below 19460 enter for 19440 - 19415 - 19350, SL 19385

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 19512.20 completing its initial weekly longs targets of 19415 -19445 and came close to its last weekly long targets of 19540 - 19650 and closed at 19497.30

Now in the coming session Nifty has immediate support at 19415 and has to break and sustain below it for a move towards 19350 - 19300. For further upside Nifty has to sustain above 19445 to move towards its last weekly long targets of 19540 - 19650

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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.