Nifty Outlook for 28th Jul

 In the previous session:

Nifty went up by 89 points then went down by 174 points before closing lower by 118 points on Thursday 

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 27th Jul:

Nifty initially triggered our long trade and completed just 1 target and took our trailing stoploss. Post that Nifty reversed to trigger our short trade and nearly completed all targets doing 125 points

For 28th Jul:

Sustaining above 19705 enter for 19735 - 19770 - 19850, SL 19675

Sustaining below 19615 enter for 19585 - 19550 - 19465, SL 19645

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 low of 19603.55 breaking its weekly support zone of 19675 - 19625 and closed at 19659.90 within the weekly support zone

Now in the coming session Nifty has to break and sustain below 19625 for a move towards 19500 - 19470. On the upside Nifty has stiff resistance at 19815 - 19865 zone 

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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