Monday 24 August 2020

Nifty Spot Outlook for 25th Aug

 In the previous session : 


Nifty went up by 125 points before closing higher by 95 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 24th Aug :

Nifty triggered our long trade and completed all targets giving 80 points.

For 25th Aug :
 


Sustaining above 11500 enter for 11520 - 11540 - 11600 , SL 11475


Sustaining below 11435 enter for 11415 - 11390 - 11335 , SL 11460

Nifty has closed above its immediate resistance at 11420 - 11450 and we can see a move towards 11540 - 11560 where it may face some resistance and reverse for this week. 



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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