Indice NIFTY 50

Nifty - Monthly Expiry Analysis July 31

1 192
Price is facing resistance at 24900 zone. If price sustains above it, the next resistance is at 25000 psychological zone. 24900 to 25000 can be choppy if price can not gain strength to move up.
Buy above 24920 with the stop loss of 24870 for the targets 24960, 25000, 25060, 25120 and 25200.
Sell below 24800 with the stop loss of 24850 for the targets 24760, 24720, 24660, 24620 and 24560.
Always do your own analysis before taking any trade.
Note
Range formation. snapshot
Note
Trend line resistance. snapshot
Note
Even if you missed the up move, the fall was good in afternoon session and gave opportunity to trade. snapshot

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