Nifty Outlook for 11th Jul

  In the previous session:

Nifty went up by 104 points then went down by 4 points before closing higher by 24 points on Monday 

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 10th Jul:

Nifty triggered our long trade and completed 2 targets doing 55 points

For 11th Jul:

Sustaining above 19395 enter for 19420 - 19450 - 19525, SL 19365

Sustaining below 19315 enter for 19290 - 19260 - 19190, 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

So far this week Nifty has made a high of 19435.85 testing our weekly resistance zone of 19400 - 19440 and closed at 19355.90.

Now in the coming session Nifty has immediate resistance at 19400 - 19440 on upmove and has to break and sustain above it for a further move towards 19550  -19580. On the downside Nifty has immediate support at 19265 - 19225 and has to break and sustain below it for a further move towards 19115 - 19085

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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.