Tomorrow's Market Outlook - Bank Nifty Predictions on 19/07/2024

Welcome to journeyoftrading. I’m using only Candlestick Patterns, support and resistance, trend lines, and pivot points. These indicators are enough for a trading strategy. This strategy includes proper entry and exit and stoploss with trading psychology.  

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Now we are going to do chart analysis for the Bank Nifty on July 19, 2024. Tomorrow, the market will have two resistance zones and two support zones. The support zone provides additional confirmation that the trend line has already formed.

The strong support zone is 52,300. Market is take support from here, already 3 times take a support for same zone.

The next support zone is 52,200. This zone 10^th July, 12^th July, 15^th July, and 18^th July four times take a support from the same zone. This is also one type of strong zone if the market takes support, going up to 52,600.

If the incase market is open 52,600 above open, it will reach 52,800, and again the market will fall. Because this zone rejected on of 5^th July & 12^th July and 18^th July.

This is one strong resistance. The down trend line connects from July 4th to July 18^th. If the rejection happens at 52,600, the market will go to 52,300.

Tomorrow, market pivot points and support and resistance levels are updated below.

The three Strike price Entry and Exit & Stoploss and Target points table below updated.