Nifty 30th July

Jul 30, 2020

Nifty has been trading a very narrow range since last 7 sessions. It does not have any steam left to move up. Next support is at 11200 level. So this narrow range of 200 points may prevail for next few days before we get a decisive break ( down/up).RSI has also started showing weakness. Be carefull. Watch out for first week of next month.

Jul 30, 2020

Note

TAG says SHORT. It is actually Neutral.