Nifty view for the week 29 July - 02 Aug 2019
Updated
Nifty
Closing price 11284
We have been giving bearish view on Nifty for some time now. And we had given Nifty target of 11300 in our last update. Well, that's precisely where we are seeing Nifty consolidating now. It has closed below 200 day EMA after a gap of 5 months now. The overall structure is still looking weak.
Important levels to watch out for next week in Nifty
Resistance at 11350 / 11406 / 11420
Support 11222 / 11158 / 11033
Strategy
Look to sell on rise
Take care & safe trading...!!!
Closing price 11284
We have been giving bearish view on Nifty for some time now. And we had given Nifty target of 11300 in our last update. Well, that's precisely where we are seeing Nifty consolidating now. It has closed below 200 day EMA after a gap of 5 months now. The overall structure is still looking weak.
Important levels to watch out for next week in Nifty
Resistance at 11350 / 11406 / 11420
Support 11222 / 11158 / 11033
Strategy
Look to sell on rise
Take care & safe trading...!!!
Trade closed: target reached
Nifty opened the week with a gap up. Strategy to Sell on rise works perfectly...Today Nifty opened gap down at 11034 precisely at our 3rd target of 11033 and is now recovering a little bit
All targets achieved on the down side.
Enjoy and have a great day...!!!
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