Nifty Outlook for 25th Jul

 In the previous session:

Nifty went up by 37 points then went down by 86 points before closing lower by 72 points on Monday 

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 24th Jul:

Nifty triggered our short trade and completed just 1 target doing 25 points

For 25th Jul:

Sustaining above 19720 enter for 19745 - 19780 - 19860, SL 19685

Sustaining below 19625 enter for 19600 - 19565 - 19480, SL 19660

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

So far this week Bank Nifty has made a kow of 19658.30 testing its weekly support zone of 19675 - 19625 and closed at 19672.35 within it.

Now in the coming sessions Bank Nifty has to break and sustain below 19625 to move towards 19500 - 19470. On the upside Nifty has immediate resistance at 19815 - 19865 where it may face some resistance and has to sustain or close above 19865 to move towards 19990 - 20020.

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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