Nifty Outlook for 14th Jul

  In the previous session:

Nifty went up by 182 points before closing lower by 29 points on Thursday 

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 13th Jul:

Nifty triggered our long trade with a gap up above our 2nd target and completed all targets but did not give a entry to trade.

For 14th Jul:

Sustaining above 19445 enter for 19465 - 19490 - 19550, SL 19425

Sustaining below 19380 enter for 19360 - 19335 - 19275, SL 19405

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 19567 testing our initial weekly long target zone of 19550 - 19580 and reversed sharply and closed at 19413.75

Now in the coming session Nifty has immediate resistance at 19400 - 19440 and has to break and sustain above it to move again towards its initial weekly long targets of 19550 - 19580.On the downside Nifty has immediate support at 19335 and has to break and sustain below it to move towards 19265 - 19225. 

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.

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.