Thursday, 25 June 2020

Nifty Spot Outlook for 26th Jul

In the previous session : 

Nifty went down by 110 points then went up by 56 points before closing lower by 16 points on Thursday 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 25th Jun :

Nifty initially triggered our short trade and did 60 points. Nifty then reversed to trigger our long trade but did not complete any targets . Post such a indecisive move we should get a trending move soon.

For 26th Jun  :

Sustaining above 10340 enter for 10370 - 10405 - 10500 , SL 10305

Sustaining below 10240 enter for 10205 - 10170 - 10075 , SL 10275

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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