Monday, 17 August 2020

Nifty Outlook for 18th Aug

 In the previous session : 

Nifty went up by 89 points then went down by 34 points before closing higher by 69 points on Monday 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 17th Aug :

Nifty triggered our long trade completed 2 targets and took our trailing stoploss .

For 18th Aug :

Sustaining above 11270 enter for 11285 - 11300 - 11345 , SL 11255

Sustaining below 11225 enter for 11210 - 11190 - 11150 , SL 11240

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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