In the previous session:
Nifty went up by 182 points before closing higher by 150 points on Friday
Nifty made a new lifetime high of 19595.35 on 14th Jul 2023 from the lows of 7511.10 made on 24th March 2020
On 14th Jul:
Nifty triggered our long trade with a gap up above our 2nd target but gave a dip to enter and then completed all targets and more doing 150 points.
For 17th Jul:
Sustaining above 19600 enter for 19620 - 19645 - 19700, SL 19575
In the Previous Week:
Nifty triggered our long trade on closing above 19440 and completed our initial weekly long target zone of 19550 - 19580 with a high of 19595.35
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19620 - 19655 to move towards its initial weekly long targets of 19750 - 19775.
Closing above 19775 Nifty may move towards its last weekly long targets of 19850 - 19940
On the downside:
Nifty has to sustain and close below its weekly support at 19510 - 19475 to move towards initial weekly short targets of 19380 - 19355
Closing below 19355 Nifty may move towards its last weekly short targets of 19275 - 19190
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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