Nifty Trade Setup for 13 JUL 2022

NSE:NIFTY   Nifty 50 Index
Nifty Trade Setup for 13 JUL 2022

Nifty is bearishly aligned for the day and at this point of time is expected to open with a gap up around Bearish Reversal Zone.

Any rejection trigger from Bearish Reversal & compromise of CPR we can expect Nifty to test the Bullish reversal zone & S1 & may be lower targets as marked.

Any Rejection from R1 on opening we can again expecting to CPR & then lower targets.

R1 is a strong resistance for Nifty and a break out above that we expect yesterday's Virgin CPR levels to be tested out.


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