Buyers has been activated in Nifty|Today Important Levels 28/07

28 jul 2023

Good Morning Traders, i hope you all will be doing good in trading, and in your life as well. Yesterday there was huge momentum for downside in the market, Our hero zero also hasn't done well as we expected, it was equal moment. Okay let's focus on today's nifty levels-

Nifty had given sharp moment for downside in yesterday's session after opening in gap up. Nothing had come in support of our indices, even if i talk about yesterday's global cues, that were also green everywhere..but our indices only doing blood bath. Well even the scenario was very tough for investor but still Nifty had taken support at EMA 200, and given proper huge U turn after touching EMA 200 line. I think market will respect these levels and we will see follow up buying when nifty will come in the range of 19575-10625 levels as these levels going to act strong support zone for coming session according to option chain data also highest put writing seen at 19600 levels. Let's see how the market going to behave, whatever will see, we will act accordingly. Well i have marked all the levels on chart, but still writing for the reference.

Important levels for Nifty:-

Buy above 19733, if levels got sustained at least for 30 mints.
Targets we can see in upside 19821/19867
Keep stop loss at 19600

Note:- Market has taken support at EMA 200. So chances are high Nifty will respect these levels in coming sessions. So in case if you get Nifty in the range of 19575-19625, then grab it means go long, and keep stop loss of 190501.

Sale below 19600, if levels got sustained at least for 30 mints.
Targets we can see in downside 19555/19501
Keep stop loss at 19733

Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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