Nifty Outlook for 20th Jul

 In the previous session:

Nifty went up by 102 points then went down by 21 points before closing higher by 83 points on Wednesay 

Nifty made a new lifetime high of 19851.70 on 19th Jul 2023 from the lows of 7511.10 made on 24th March 2020

On 19th Jul:

Nifty triggered our long trade and completed our 2nd target and more doing 60+ points 

For 20th Jul:

Sustaining above 19870 enter for 19890 - 19920 - 19980, SL 19845

Sustaining below 19795 enter for 19775 - 19745 - 19680, SL 19820

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 19851.70 reaching our last weekly long targets of 19850 - 19940 on sustaining above 19655 and closed at 19833.15

Now in the coming session Nifty has immediate resistance at 19850 - 19940 zone.On the downside Nifty has immediate support at 19775 - 19750 and has to break and sustain below it for a move towards 19655 - 19620

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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