Nifty strategy for 20-07-2026

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Nifty strategy for 20-07-2026Nifty 50 IndexNSE:NIFTYviswanath_ktcNifty may open on flat note as per sgx nifty around at prevoius day closing at 24334.Nifty rallied upto 127 points in the last week and formed green candle followed by doji candle but it is inside the previous week candle so I am expecting nifty consolidation between 24550 to 23800 levels until upto closed above or below those levels. U.S and Iran conflicts are spiking since last week, crudeoil prices are spiked to around 90 dollors, monsoons are weak in progress for this session,weak CAD anb also rising in the inflation these are hurdles to nifty rally in the coming days. Ascending traiangle has forming in the nifty on daily charts which bullish continuation pattern so investors can add the stocks on dips to their portfolios. Nifty trading levels for today : sell price :(opening price for risky traders) 24396(for safe traders) stop loss : 24470(on daily closing price) 1st target : 24220 2nd target : 24150 stock of the day :Jio financial services in this stock descending traingle has forming between 224 to 242 levels and finally breakout occured on friday and closed above the triangle top line so I am expecting further rally in this stock for this week. Buy price : 240 stop loss : 234 target : 250 Disclaimer : I am not a SEBI Research Analyst please take advise from your financial advisor before take position based on my recommendation. Thanking for your support if liked my content please suggest to your friends to follow my channel Please drop a comment on whether my recommendation is useful and correct my mistakes