Monday 13 July 2020

Nifty Spot Outlook for 14th Jul

In the previous session : 



Nifty went up by 126 points then went down 12 points before closing higher by 35 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 now . 


On 13th Jul :

Nifty triggered our long trade with a gap up and did 40+ points. 


For 14th Jul  :

Sustaining above 10835 enter for 10855 - 10875 - 10935 , SL 10810


Sustaining below 10770 enter for 10750 - 10730 - 10675 , SL 10795


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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