The week has started on a strong note as Nifty continued to register fresh life high - Tradebulls Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/ff1c92f46d3f822af151a2cd5b927d73.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
The week has started on a strong note as Nifty continued to register fresh life high. Expect the ongoing bullish momentum to push the index within the 19430-19560 expected target zone soon. The ongoing gap sequence has so far witnessed a ‘Break Away Gap’ &a‘RunAway Gap’ followed by yet another gap in yesterday’s session which could lay the foundation of the ‘Exhaustion Gap’. But thesamewould need a confirmation in the coming sessions with a strong price reversal below 19070 zone as the current baselooksgettingshifted from 19000 to 19100 for the week. With both its trend strength indicators trending higher complimentingtheongoingmomentum; but RSI entering its overbought zone could not be ignored. Hence traders should continue to add aggressivelongswithanacceptable stop loss. On the absolute price scale, we believe that the ongoing move would continue towards 19430-19560 during the first leg of the July series itself. While the support base at 19040 could be an ideal threshold below which momentum-basedstoplosscould be maintained as of now.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.tradebulls.in/disclaimer
SEBI Registration number is INZ000171838
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Power 2510.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Infrastructure28.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/NKSingh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Boman Irani and M D, President, CREDAI.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ITSEctor123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Growth Chart 50.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shripal Shah, MD & CEO, Kotak Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gold_29.12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Import export.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Crane_Sanghavi.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/018118ae712d1c50621fc97935d6bca3.jpg)
Market is expected to open on a flattish note and likely to witness sideways move during the...
![Nifty is facing stiff resistance at 20-DMA and SGX Nifty is suggesting a big down opening - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/02/7f6b08ce077df8727e1b8e5b473b8db0.jpg)
![Weekly Technical Outlook - NIFTY FMCG on the higher time frame seems to be in a strong bullish phase By GEPL Capital](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/f565db995564ecdff43e51e1207b6c21.jpg)
![Nifty has slipped below its 100-DMA where overall texture is weak - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/11/4c47f230bd56fbbcf9863e310e11c1b0.jpg)