Sunday 5 July 2020

Nifty Spot Outlook for 06th Jul

In the previous session : 



Nifty went up by 79 points before closing higher by 55 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 03rd Jul :

Nifty triggered our long trade and did 40 points .


For 06th Jul  :

Sustaining above 10645 enter for 10670 - 10700 - 10775 , SL 10620


Sustaining below 10565 enter for 10545 - 10515 - 10440 , SL 10595


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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