Effective Strategies and Techniques of Nifty for 22nd July

Welcome to journeyoftrading. This analysis only for 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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Live chart analysis video uploaded for below youtube link 

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Now we are going to do chart analysis for the Nifty on July 22, 2024. The Nifty's last closing price was 24,525.85. This zone is one support zone because July 18 and July 19 take support from these points and react to the support zone.

The same as the 24,580 strike price is one resistance zone. This zone already has 12^th July, 15^th July, and 18^th July. These points or zones react with resistance.

The market will take support from 24,500 and go to 24,580. If we break this strike price, the market will move to 24,660.

The same way the market will open at 24,500, it will go on a downward trend. Expect nearly 60 points to fall. Today's analysis did not get a trend line. This analysis supports the resistance and trend line concepts.

The market analysis and support resistance, entry and exit, targets, and stoploss are all updated below the table.

 The 24,500 Strike price Pivot points,Support and Resistance, Entry & Exit, Targets, Stoploss, Preminum price updated for below.

  The 24,600 Strike price Pivot points,Support and Resistance, Entry & Exit, Targets, Stoploss, Preminum price updated for below.

 The 52,450 Strike price Pivot points,Support and Resistance, Entry & Exit, Targets, Stoploss, Preminum price updated for below.