Gann square resistance for Nifty are 15,876 (126^2) while support level is 15,625 (125^2). Nifty has not closed below this support since June 1 and has found it very difficult to stay above its resistance for more than a day or two in the Daily time frame.
Cause & Effect Analysis
The most important event to identify is the cause, aka support level from where...
Coking coal is used in steel mfg as raw material with iron ore.
$ACF Futures have broken key resistance $204 in July with support at $200 and resistance at $233 in August. Closing >$233 in Aug. could see coking coal at $266 in Sept.
Copper Futures tested resistance $4.6275 and closed above support $4.425 in July. The red metal could trade at $4.790 in August. A close above $4.66 is important for #copper this month in view of growing demand for Electric Vehicles.
SILVER FUTURES has $24.860 for support and $29.150 for resistance in August. The precious metal is still bullish if it can close above $29.15 by this month or September.
Target $31.855 this year and $39 by April 2022.