In the previous session :
Nifty went down by 74 points then went up by 50 points before closing higher by 36 points on Tuesday 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 07th Jul :
Nifty triggered our short trade and did just 25 points and took our TSL . Post that Nifty reversed and triggered our long trade but did not complete any target indicating indecisiveness.
For 08th Jul :
Sustaining above 10830 enter for 10845 - 10865 - 10920 , SL 10805
Sustaining below 10770 enter for 10755 - 10730 - 10680 , SL 10790
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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