Thursday, 20 August 2020

Nifty Spot Outlook for 21st Aug

 In the previous session : 

Nifty went up by 118 points before closing lower by 96 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 20th Aug :

Nifty triggered our short trade with a gap down and completed all targets

For 21st Aug :

Sustaining above 11345 enter for 11360 - 11385 - 11440 , SL 11320

Sustaining below 11280 enter for 11265 - 11240 - 11190 , SL 11305

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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