Thursday, 13 August 2020

Nifty Spot Outlook for 14th Aug

 In the previous session : 

Nifty went up by 51 points then went down by 38 points before closing lower by 8 points on Thursday 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 13th Aug :

Nifty initially triggered our long trade and took our stoploss . Post that it traded between our long and short trigger levels indicating indecisiveness.

For 14th Aug :

Sustaining above 11340 enter for 11365 - 11390 - 11460 , SL 11310

Sustaining below 11260 enter for 11240 - 11210 - 11140 , SL 11290

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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