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what are the important levels to watch out for in this week considering we have f&o expiry as well?

Tuesday, Jul 23 2019 11:27AM

Nifty, in the week gone by, has broken down from a bearish Flag pattern. On the way down, it has broken the swing low of 11,461.

So, the outlook for the next week continues to be bearish. The next important level on the downside will be 11,330, which is near the 40-week exponential moving average (EMA) with the potential to drag towards the weekly lower Bollinger Band i.e. near 11,200.

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