In the previous session :
Nifty went up by 48 points then went down by 123 points before closing lower by 94 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 08th Jul :
Nifty initially triggered our long trade and completed just 1 target and took our TSL. Post that Nifty reversed to trigger our short trade and completed all targets doing 90 points.
For 09th Jul :
Sustaining above 10740 enter for 10760 - 10785 - 10845 , SL 10715
Sustaining below 10670 enter for 10655 - 10630 - 10570 , SL 10695
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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