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.
