#nifty directions and levels for July 24Nifty 50 IndexNSE:NIFTYManickamtradersGood morning, friends! 🌞 Here are the market directions and levels for July 24th: The global market is showing a moderately bullish sentiment. Meanwhile, the local market is also exhibiting a moderately bullish tone. Today, Gift Nifty indicates a gap-up opening of around 60 points. What can we expect today? In the previous session, both Nifty and Bank Nifty took a solid pullback. At the same time, the open interest also shifted to the bullish side. So, if the gap-up sustains, we can expect the pullback continuation. Also, as it’s a new moon day(for south), some volatility can be expected. Let’s look at the charts: Current View: The current view suggests that, as mentioned above, if the gap-up sustains, we can expect a rally continuation with some consolidation. In this case, the parameters are showing slight strength, so the rejection zone may act just around the minor resistance. Alternate View: The alternate view suggests that if the gap-up does not sustain or if the market rejects near immediate resistance with a solid reversal, then we can expect a minor correction of around 23% to 38%. However, unless the market breaks below the 38% level, we cannot confirm a reversal into a bearish trend.