Nifty Outlook for 21st Jul

 In the previous session:

Nifty went down by 75 points then went up by 158 points before closing higher by 146 points on Thursday 

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 20th Jul:

Nifty initially triggered our short trade and completed just 1 target and took our stoploss. Post that Nifty reversed to trigger our long trade and completed all our targets doing 110 points 

For 21st Jul:

Sustaining above 20000 enter for 20020 - 20040 - 20080, SL 19985

Sustaining below 19950 enter for 19935 - 19920 - 19870, SL 19970

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 19991.85 completing our last weekly long targets of 19850 - 19940 on sustaining above 19655 and closed at 19979.15

Now in the coming session Nifty has immediate resistance at 20000 - 20050 zone. On the downside Nifty has immediate support at 19900 - 19850 and has to break and sustain below it for a move towards 19775 - 19750

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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