Nifty heading for 20k. Daily analysis for 18/07/23
Nifty has given a break out of the parallel channel and is ready to touch 20k levels soon.
Bullish trades for positional trade in august series can be carried now.
Index from the first hour was in the bullish move and carried the momentum through out the day and gave a nice move in the closing hour of the market.
Nifty has given a 146 points gain in a day and a flag and pole pattern break out can give nice rally.'
Support :- 19660, 17520
Resistance :- 19875(fib level)
DJI is also trading around the resistance levels and can give a break out today. The break out of the resistance levels can help Indian market touch new highs. Watch the global markets in the morning as trend can be confirmed.
Wait for the price action near the levels before entering the market.
Bullish trades for positional trade in august series can be carried now.
Index from the first hour was in the bullish move and carried the momentum through out the day and gave a nice move in the closing hour of the market.
Nifty has given a 146 points gain in a day and a flag and pole pattern break out can give nice rally.'
Support :- 19660, 17520
Resistance :- 19875(fib level)
DJI is also trading around the resistance levels and can give a break out today. The break out of the resistance levels can help Indian market touch new highs. Watch the global markets in the morning as trend can be confirmed.
Wait for the price action near the levels before entering the market.
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