31 July 2023 is the last trading session for the month of July 2023. Hence, the market movements on this day can be interesting for traders as it will try to end the day on some crucial levels and make preparations for the next month levels.
Today, we will discuss important levels of Nifty & Banknifty based on support and resistence to trade on Monday’s trading session.
Monday Market View for Nifty (31 July 2023)
The Nifty Index is currently trading just above the support levels of 19570. The major resistence on the higher side is 19850.
On Monday, if market sustains above this support level of 19570, a good trade opportunity can be captured towards CE side till the target level of Resistence 19850.
And, if Market breaks the support level, then you can trail PE side till the next support level of 19444 and rest based on the movement.
Monday Market View for Bank Nifty (31 July 2023)
The Nifty Bank is currently trading at the support levels of 45300. The major resistence on the upper side side is 45633.
On Monday, if market sustains above this support level of 45300, a good trade opportunity can be captured towards CE side till the target level of Resistence 45633.
But, Anyhow if Banknifty breaks the support level and sustains below it, we can see big targets downside, the chances of which are very less.
