In the previous session :
Nifty went down by 80 points then went up by 89 points before closing lower by 33 points on Wednesday 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 17th Jun :
Nifty initially triggered our short trade and completed just 1 target and took our TSL. Post that Nifty triggered our long trade and nearly completed 2 targets and again took our TSL. Nifty has indicated indecisiveness today on direction and we should see a clear direction emerge in the coming sessions.
For 18th June :
Sustaining above 9925 enter for 9950 - 9985 - 10065 , SL 9895
Sustaining below 9835 enter for 9810 - 9780 - 9700 , SL 9870
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"
Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
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.
No comments:
Post a Comment