In the previous session:
Nifty went up by 26 points then went down by 193 points before closing lower by 165 points on Friday
Nifty made a new lifetime high of 19523.60 on 07th Jul 2023 from the lows of 7511.10 made on 24th March 2020
On 07th Jul:
Nifty triggered our short trade and completed all targets and more doing 150+ points
For 10th Jul:
Sustaining above 19370 enter for 19395 - 19425 - 19500, SL 19345
In the Previous Week:
Nifty triggered our long trade on closing above 19300 and almost touched our last weekly long target zone of 19540 - 19650 with a high of 19523.60
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19400 - 19440 to move towards its initial weekly long targets of 19550 - 19580.
Closing above 19580 Nifty may move towards its last weekly long targets of 19675 - 19780
On the downside:
Nifty has to sustain and close below its weekly support at 19265 - 19225 to move towards initial weekly short targets of 19115 - 19085
Closing below 19085 Nifty may move towards its last weekly short targets of 18990 - 18880
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
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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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