Wednesday 22 July 2020

Nifty Spot Outlook for 23rd Jul

In the previous session : 



Nifty went up by 76 points then went down by 106 points before closing lower by 30 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 22nd Jul :

Nifty triggered our long trade with a gap up and took the stoploss . Post that it triggered our short trade and completed 2 targets giving 60 points 


For 23rd Jul  :

Sustaining above 11175 enter for 11200 - 11235 - 11315 , SL 11145












Sustaining below 11090 enter for 11065 - 11030 - 10950 , SL 11120


Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"






















Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      












To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.



















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.

No comments:

Post a Comment