Sunday 12 July 2020

Nifty Spot Outlook for 13th Jul

In the previous session : 



Nifty went up by 5 points then went down 100 points before closing lower by 45 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 10th Jul :

Nifty triggered our short trade and did 55 points. 


For 13th Jul  :

Sustaining above 10800 enter for 10820 - 10845 - 10900 , SL 10775


Sustaining below 10735 enter for 10715 - 10695 - 10635 , SL 10760


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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