Nifty analysis and trade plan for tomorrow, Friday, 19th July
In daily time frame Nifty is in an uptrend, and may expect a continuation in the same trend, and we may enter into bullish trade after Nifty crossing 24840 level. 24910, 24017 and 25159 will be the resistance levels. Reversal is possible form 25017 and 25159 level, and may plan for bearish trades at those levels, with a price action only.
Will go for bearish trade only below 24672 level, with initial target at 24578, 24508 and 24416 level. Reversal is possible from 24578 and 24508 levels, with price action in 5 minute time frame, may plan for bullish trade.
*This analysis is most effective up to 12:30/1 PM tomorrow*
*Personal opinion, not a trade advice*
*Support and resistance levels are based on Fibonacci*
Will go for bearish trade only below 24672 level, with initial target at 24578, 24508 and 24416 level. Reversal is possible from 24578 and 24508 levels, with price action in 5 minute time frame, may plan for bullish trade.
*This analysis is most effective up to 12:30/1 PM tomorrow*
*Personal opinion, not a trade advice*
*Support and resistance levels are based on Fibonacci*
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