#Nifty directions and levels for July 22nd:Nifty 50 IndexNSE:NIFTYManickamtradersGood morning, friends! 🌞 Here are the market directions and levels for July 22nd: The global market shows no major changes and continues to maintain a moderately bearish sentiment. Meanwhile, the local market is exhibiting a moderately bullish tone. Today, Gift Nifty indicates a gap-up opening of around 100 points. What can we expect today? In the previous session, both Nifty and Bank Nifty experienced a pullback and managed to sustain it. However, structurally, the trend remains bearish in the lower time frame. So, how should we interpret this sentiment? 1, Since there’s no clear direction, if the market faces rejection initially, we can expect minor consolidation within the 38% Fibonacci range. 2, On the other hand, if it sustains the gap-up and breaks the immediate resistance with a solid structure, we can follow the direction for further upside.