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Niftytarget

Nifty Levels for 14-07-2021NSE:NIFTY Today Nifty closed above 21DMA and on daily time chart it took support from the trend line. 21DMA for Nifty is placed at 15761. Which is an import level. Below are the scenario to consider to trade nifty on 14-07-2021. 1) if it gap up above 15840 and hold the level then go long. Targets are mentioned in the chart. 2) if it opens sideways and then goes down and take support from range 15750-15761 and then trade upward go long. Targets are mentioned in the chart. 3) if it opens sideways and then goes up and face resistance from the 15820-15850 then do not trade as this will be not a clear direction. 4) only short nifty if it goes below 15740 and trade below this level. Target are mentioned in the Chart. All the best.
NSE:NIFTY
by Trading_hawk
NIFTY UNDER PRESSURE??As discussed though NIFTY showed some strength in FIRST but ended up being VOLATILE finally and exact rejections seen from 15900 levels as expected Now the reason being under pressure as its closing 15830 which is very crucial as we can see NIFTY faced much pressure as BEARS always overpowered BULLS in these levels so it is expected if opened weak we can see sharp 40-60 points fall in first half of nifty before RECOVERING MO FRESH BUYING RECOMMENDED UNLESS NIFTY BREAKS IT ALL TIME HIGH which is 14900 levels which has been already multiple time tested New supports being S1 - 15760 S2 -15640
NSE:NIFTY
by Wealthcam