Global market sentiment has been the main moving factor of Nifty during these days, and as of Friday 23rd July closing overall Global market looks positive.
DJI touched it's lifetime high again.
NASDAQ also at it's lifetime high.
European market is positive.
SGX Nifty at 15837.
Now let's look at the possibilities:
Since Nifty take queue from US market mainly for opening. We can expect Nifty to open gap up on 26th July 2021, unless some negative news come out in Global or domestic market.
On Friday Nifty closed at 15856 which used to be it's 2nd major resistance and closed above it.
If Nifty open around 15920 to 15930 then there is a possibility that Nifty will break 15960 and may touch 16000 as well.
Another scenario is, if Nifty open above 15960 and touch 16000 it may come for selling from top. Because most people will be shorting Nifty from top.
So watch the market on Monday and wait for right entry as per your view. You could be a buyer or seller, but make sure you enter at right time and exit at right time. Otherwise there is chance of getting trapped. And with the opening of European market around 1 pm to 2 pm things will be more clear.