Nifty Levels for 14-07-2021

13 Jul 2021

NIFTY

Today [13-07-2021] Nifty closed above 21DMA and on daily time chart it took support from the trend line.
21DMA for Nifty is placed at 15761. Which is an import level.

Below are the scenario to consider to trade nifty on 14-07-2021.
1) if it gap up above 15840 and hold the level then go long. Targets are mentioned in the chart.
2) if it opens sideways and then goes down and take support from range 15750-15761 and then trade upward go long. Targets are mentioned in the chart.
3) if it opens sideways and then goes up and face resistance from the 15820-15850 then do not trade as this will be not a clear direction.
4) only short nifty if it goes below 15740 and trade below this level. Target are mentioned in the Chart.

All the best.