NIfty possible levels for today. 17/07/2023

Good Morning Traders,
NIfty Trading in bullish ascending channel, chances are high that nifty should return to test lower range of the channel, but as of markets are highly bullish may be we can see some breakout for upside, but according to price action, this should return from here, and should go towards 19500-19450 levels. But if this give breakout then we can see another new high in today's session. Okay let's see what is going to happen, we will take trade according to price action.

Important levels for Nifty:-

Buy Nifty above 19615, if levels sustain at least for 15 mints.
Target we can see 19698/19747
Keep stop loss at 19566.

Sale Nifty below 19566, if levels sustain at least for 15 mints.
Target we can see 19511/19432
Keep Stop loss at 19615.

Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Comment:

What a rally