#Nifty directions and levels for July 9th.
Good morning, friends! 🌺🍬 Here are the directions for July 9th:
There are no significant changes in the global and local markets, both of which are showing a moderately bullish trend. However, today the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 10 points (as of 8:00 AM).
Nifty and Banknifty both have a range-bound structure, so today may continue in this manner. Let's check them one by one.
For Nifty, there were no big changes in the previous session, and it is still within the range. Today, GiftNifty is showing a neutral start, so if the market declines initially, we can expect it to reach a minimum of 24243 to 24210, both minor support levels. If the market finds support there, we can expect the range to continue. On the other hand, if it breaks below these levels, it may fall further to 24168, which is a 78% retracement. This is our first variation.
Alternatively, if the market initially pulls back, we can expect it to reach 24401, 24431, and 24464 with minor consolidation.
There are no significant changes in the global and local markets, both of which are showing a moderately bullish trend. However, today the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 10 points (as of 8:00 AM).
Nifty and Banknifty both have a range-bound structure, so today may continue in this manner. Let's check them one by one.
For Nifty, there were no big changes in the previous session, and it is still within the range. Today, GiftNifty is showing a neutral start, so if the market declines initially, we can expect it to reach a minimum of 24243 to 24210, both minor support levels. If the market finds support there, we can expect the range to continue. On the other hand, if it breaks below these levels, it may fall further to 24168, which is a 78% retracement. This is our first variation.
Alternatively, if the market initially pulls back, we can expect it to reach 24401, 24431, and 24464 with minor consolidation.
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