Tuesday 16 June 2020

Nifty Spot Outlook for 17th Jun

In the previous session : 



Nifty went up by 232 points then went down by 85 points before closing higher by 100 points on Tuesday 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 16th Jun :

Nifty opened above our last long target and did not give a any entry. Had updated levels as per pre open on the channel by which Nifty triggered a short trade and did 200 points.


For 17th June  :

Sustaining above 9960 enter for 9985 - 10015 - 10095 , SL 9925


Sustaining below 9870 enter for 9845 - 9810 - 9730 , SL 9900


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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