November 25, 2024

+91 99390 80808

November 25, 2024

+91 99390 80808

HomeNiftyNifty Trend : 16 July 2021

Nifty Trend : 16 July 2021

Nifty Future closed @ 15940 as on 15.07.2021..!!

Dear Traders,

Nifty Future has resistance at 16006 – 16033 Point; above which other resistance levels are at 16088 – 16106 Point with highly Volatile Trend,

Nifty Future has Downside support levels are at 15909– 15888 Point; below 15888 Point, other support levels are at 15838 - 15808 Point.

I am positive for the next bullish trend only above @ 16106 Point but be with the trend. Let the market decide further moves.

As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!

If Nifty Future crosses @ 16106 Point, again then the upper side target is quite high and it may touch @ 16133 Point in the short term...!!!

 

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