Sunday 7 June 2020

Nifty Spot Outlook for 08th Jun

In the previous session : 



Nifty went up by 148 points before closing higher by 113 points on Friday as compared to the previous day's close.




Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now . 


On 05th Jun :

Nifty initially triggered our long trade and did 97 points . 


For 08th June  :

Sustaining above 10185 enter for 10210 - 10240 - 10315 , SL 10155


Sustaining below 10100 enter for 10075 - 10045 - 9965 , SL 10130


Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"


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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

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