In the previous session:
Nifty went up by 279 points before closing lower by 234 points on Friday
Nifty made a new lifetime high of 19991.85 on 20th Jul 2023 from the lows of 7511.10 made on 24th March 2020
On 21st Jul:
Nifty opened with a big gap down below our last target and did not give a trade.
For 24th Jul:
Sustaining above 19790 enter for 19820 - 19850 - 19930, SL 19760
In the Previous Week:
Nifty triggered our long trade on closing above 19655 and completed all our weekly long targets till 19850 - 19940 with a high of 19981.85
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19815 - 19865 to move towards its initial weekly long targets of 19990 - 20020.
Closing above 20020 Nifty may move towards its last weekly long targets of 20120 - 20240
On the downside:
Nifty has to sustain and close below its weekly support at 19675 - 19625 to move towards initial weekly short targets of 19500 - 19470
Closing below 19470 Nifty may move towards its last weekly short targets of 19360 - 19250
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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