Nifty Weekly Expiry Outlook for 14th July 2022

8 July 2022
2 mins read
Nifty Weekly Expiry Outlook for 14th July 2022

Let’s start this expiry outlook with analysis of: Monthly, Weekly, Daily, Hourly time-frames.

Monthly time-frame –

Past Analysis 

  • June month candle has broken the major support zone of 15700, but recovered from the lows of 15200.
  • Monthly time-frame indicates a bearish hold in the market, however there is support from 15200 levels, 16800 being major resistance.

Now what

  • July month monthly candle is an Inside bar for June month bearish candle. On a monthly timeframe indecisiveness is the state for nifty.

nifty prediction

Weekly Time-frame –

Past Analysis

  • After getting resitance from 16800, In last two week bears gripped the market with full power, broken the major support zone (15700-16000). However, in last week, Nifty got supported from 15200 level closing in green. 
  • Past weeks candle indicates indecisiveness in market, last week has been very volatile, gave no cues about future direction. For this week, 15900 will act as major resistance zone &15500-15700 being major support.

Now what

  • This week candle has been bullish, from the lows of 15500, nifty is now trading above 16200.

nifty prediction

Daily Time-frame Analysis –

Past Analysis 

  • From 15200 level it bulls gathered their power to take market again up to 15700 level where market is trading with volatility in complete last week.
  • In Past weeks, Bulls has broken 15700 level, but still there is no followup move upside, Nifty has been trading in tight range of 15700 – 15900 in past week.

Now what

  • In this week, Nifty was trading with higher high higher low formation, indicates a bulllishness in Daily timeframe.

nifty prediction

Hourly Time-frame Analysis –

Past Analysis

  • In past 5 days market been trading in tight range of 15700-15900 zone.
  • On Friday, bears broken 15700 level but bulls pulled it again back to 15700 from the lows of 15500.

Now What

  • Nifty is making gap ups in last days but, trading in tight range. However trend is bullish.

nifty prediction

Concluding Analysis:

  • At 15200 But tried to fight and took Nifty to 15700 level.
  • 15700 acted as resistance for Bulls. However from 15200 Nifty was moving up with lower high lower low form. 
  • 15700 has been broken by bulls, from there it went upto 16000 level
  • In past few days nifty broke 16200 level which indicates bullishness in market.

So important levels to watch:

Support & Resistance Zone

Range Support Resistance
Narrow Range 16000 16400
Broader Range 15700 16800

nifty prediction

Try Insta Trade

The easiest Options trading platform! Get Charts, Watchlist, Positions & live P&L in single screen

Trade Now