Nifty Outlook for 18th Jul

 In the previous session:

Nifty went down by 2 points then went up by 167 points before closing higher by 146 points on Monday 

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 17th Jul:

Nifty triggered our long trade and completed all targets and more doing 130 points.

For 18th Jul:

Sustaining above 19750 enter for 19770 - 19800 - 19860, SL 19725

Sustaining below 19675 enter for 19650 - 19625 - 19555, SL 19700

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

So far this week Nifty has made a high of 19731.85 almost testing our initial weekly long targets of 19750 - 19775 on sustaining above our weekly resistance zone of 19620 - 19655 and closed at 19711.45

Now in the coming session Nifty sustaining above 19655 can complete its initial weekly long targets of 19750 - 19775. On the downside Nifty has immediate support at 19655 - 19620 and has to break and sustain below it for a move towards 19550 - 19510

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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