Indian equity benchmarks Nifty 50 and Sensex concluded in the red for the second trading session on Monday, July 24. The BSE’s 30-share index closed at 66,384.78, marking a decline of 299.48 points, or 0.45 per cent, while the Nifty settled at 19,672.35, down 72.67 points, or 0.37 per cent.
In my view, the Nifty is anticipated to move towards 19,500, with 19,500 serving as a strong support level. Additionally, I foresee the possibility of the Nifty reaching up to 20,100 in the future.
Today, I observed selling on rise in the Nifty chart, and the 19750 Put chart appears promising on the 15-minute timeframe. Please find the chart analysis below. I want to clarify that I am not a SEBI registered analyst, and this chart is being shared on this website solely for educational purposes and not as a buy or sell recommendation.
The target prices mentioned on the chart are the result of my own analysis. I would like to seek the opinion of experts regarding this chart. Please note that I am not a professional analyst, and the target prices are solely based on my personal study. This chart is shared here for educational purposes only and should not be considered as financial advice or a recommendation to buy or sell any securities