Nifty50 Weekly Key trading levels for 11thJuly to 15thJuly 2022Nifty50 Weekly Key trading levels for 11thJuly to 15thJuly 2022
Long Opportunities:
i) Nifty Close above 16280 on hourly time then long position can be created with stop loss below 16120. for a 1st Target of 16380 and further close above 16400 then 2nd Target would be 16550.. and further breakout above 16560 will lead to final target of 16850...
ii) If Price takes support at 16050 level then Long position can be created with stop of 16015 for a targets of 1st 16220 , 2nd 16280, 3rd 16380.
iii) Breakout above 16560 will lead to target of 16850.
Short Opportunities:
i) If Price gets rejected from 16380 levels then short position can be created with stop of 16410 for 1st target of 16280 and further breakdown below lead to 2nd target of 16050.
ii) If Price get rejected from 16280 to 16300 level the short position can be created with stop of 16310 for the 1st target of 16120 & 2nd target would be16050.
iii) If Price close below 16050 and sustain then short positions can be created with stop of 16070 for a target of 1st 15880 then further breakdown below 15880 will lead to fall till 15780 to 15640 and final target 15580.
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
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