Since 10 June, I have maintained a bullish view on NIFTY. Since then, the index has rallied by nearly 1,000 points, confirming the strength of the ongoing trend.
As of 1 July, while writing this blog for the July expiry, I continue to remain bullish on NIFTY. Going forward, I am closely watching two key levels:
- 24,200 – A decisive breakout above this level could open the door for further upside.
- 23,800 – This is an important support zone. As long as NIFTY holds above this level, the bullish structure remains intact.
These two levels are likely to play a crucial role in determining NIFTY’s next directional move during the July expiry series.
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01 July NIFTY Analysis
Another day, and NIFTY once again showed strong buying interest around the 23,800 level, confirming it as an important support zone. However, the index failed to break above the previous day’s high, indicating that buyers are still waiting for fresh momentum.
As long as NIFTY continues to hold above 23,800, the broader trend remains constructive. A decisive breakout above the previous day’s high could open the door for the next leg of the rally.
#NIFTY #StockMarket #TechnicalAnalysis #Trading #MarketOutlook
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
02 July NIFTY Analysis
Another day of strength for NIFTY, but it once again failed to break the major resistance at 24,200.
From here, I’m watching for one of two scenarios:
📌 A healthy pullback, which could provide a better buying opportunity, or
📌 A gap-up opening above 24,200, confirming a decisive breakout above this major resistance.As long as the trend remains strong, 24,200 continues to be the key level to watch.
#NIFTY #StockMarket #TechnicalAnalysis #Trading #PriceAction #MarketOutlook
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
03 July NIFTY Analysis
NIFTY has finally broken its key resistance! 📈
After a strong gap-up opening, NIFTY breached the 24,200 resistance. Despite profit booking during the session, the index managed to close above 24,200, keeping the bullish momentum intact.
Going forward, the 24,200–24,400 zone will be the key action area. Price action around these levels will decide the next move.
Levels to Watch: 24,200 & 24,400#NIFTY #TechnicalAnalysis #PriceAction #StockMarket #Trading #TradingKarma
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
06 July NIFTY Analysis
A gap-up opening backed by strong volume signaled buying strength from the very start of the session.
NIFTY not only breached its immediate resistance at 24,380 but also managed to close above it, confirming the breakout.
#NIFTY #StockMarket #TechnicalAnalysis #Trading #Breakout #IndianMarkets
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
07 July NIFTY Analysis
A calm and range-bound session turned bearish in the final hour as selling dragged NIFTY below the 24,400 support zone.
Despite the weakness, 24,200 remains the key support, and any dip towards this level could offer a buying opportunity.
The real focus now is how NIFTY behaves within the 24,200–24,500 range. This consolidation could set the tone for the next major move.
#NIFTY #StockMarket #TechnicalAnalysis #Trading #MarketOutlook
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
08 July NIFTY Analysis
24200 failed. Bears dominated the session with a one-way fall towards 23800.
Now, 23800 becomes the key level to watch. Will buyers defend it, or will NIFTY consolidate around this zone before its next decisive move?
#NIFTY #StockMarket #PriceAction
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
09 July NIFTY Analysis
Today’s biggest takeaway: NIFTY firmly defended the 24,800 support zone. As long as this level holds, the broader market structure remains positive. Keep a close watch on 24,800—it continues to be the most important level for the sessions ahead.
#NIFTY #StockMarket
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
