Wednesday 1 July 2020

Nifty Spot Outlook for 02nd Jul

In the previous session : 



Nifty went down by 2 points then went up by 145 points before closing higher by 128 points on Wednesday 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 01st Jul :

Nifty triggered our long trade and did 55 points .


For 02nd Jul  :

Sustaining above 10470 enter for 10495 - 10525 - 10600 , SL 10440


Sustaining below 10390 enter for 10365 - 10335 - 10260 , SL 10420


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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