NiftyFutures Key Trading Levels Weekly 4th July to 8th July#Nifty50 Futures Key Trading Levels Weekly 4th July to 8th July.
Strong Resistance zone is 15950 to 16000 any breakout above 16000 will lead upside target of 16177 to 16200.
if case of breakdown from Resistance Will lead to downside target of 15780 to 15730.
If It Closes above 15830 on hourly time then Long Position can be created with stop below 15700 for a 1st target of 15968 and if close above 16020 then 2nd Target will be 1677.
If Close below 15680 on hourly time then short positions can be created with stop loss above 15780 for the 1st target of 15609 and further close below 15600 then 2nd target would be 15525, further close below15480 the 3rd target would be 15330 to 15300
Strong support Zone is between 15525 to 15480 any breakdown from this support zone will lead to downside target of 15330 to 15300 or even 15200 level.
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
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