Monday 9 November 2020

Nifty Outlook for 10th Nov

 In the previous session : 


Nifty went up by 210 points before closing higher by 198 points on Monday as compared to the previous day's close. 








Nifty had made a life time high of 12474.05 today in this upmove from the levels of  7511.10  . 


On 09th Nov :

Nifty triggered our long trade with a big gap up and completed all targets still giving 100 points.



For 10th Nov :
 
Sustaining above 12510 enter for 12535 - 12575 - 12660 , SL 12475


Sustaining below 12410 enter for 12385 - 12350 - 12260 , SL 12450


 

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 . 

Nifty today made a high of 12474.05 and close strongly at 12461.05. If this strength continue we can see Nifty break above the next resistance zone and test 12720 - 12780 which is being indicated by SGX Nifty at the moment. We may see resistance in the zone of 12720 - 12780 and some cooling off after this big upmove.

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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