In the previous session :
Nifty went up by 75 points before closing higher by 23 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 19th Aug :
Nifty triggered our long trade and completed 2 targets giving 45 points
For 20th Aug :
Sustaining above 11435 enter for 11450 - 11470 - 11520 , SL 11415
Sustaining below 11380 enter for 11365 - 11345 - 11300 , SL 11400
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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