Monday 8 June 2020

Nifty Spot Outlook for 09th Jun

In the previous session : 



Nifty went up by 186 points then went down by 22 points  before closing higher by 25 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 08th Jun :

Nifty opened with a big gap up beyond our last daily target and did not give a chance to enter a long trade. Post that Nifty corrected and traded sideways the entire session. 


For 09th June  :

Sustaining above 10210 enter for 10230 - 10260 - 10335 , SL 10180


Sustaining below 10125 enter for 10105 - 10075 - 10000 , SL 10155


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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