Sunday 8 November 2020

Nifty Outlook for 09th Nov

 In the previous session : 


Nifty went up by 160 points before closing higher by 143 points on Friday 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  . 


On 06th Nov :

Nifty triggered our long trade and did 110 points



For 09th Nov :
 
Sustaining above 12310 enter for 12335 - 12370 - 12450 , SL 12275


Sustaining below 12220 enter for 12190 - 12160 - 12075 , SL 12250


 

Now for this week :

Nifty has immediate resistance at 12335 - 12380 zone and closing above it we may see a further move towards 12505 - 12535 zone 

Nifty has immediate support at 12190 - 12145 zone and closing below it we may see a further move towards 12025 - 11990 zone . 

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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