Again nifty takes a U turn. Long

Nifty 50 IndexNSE

Description

⋅ Jul 18, 2020 4:37 AM

Closes above 200 dma which is very positive.
dip towards 10834 to be bought for higher targets, next support comes at 10784.
Nifty is outperforming bank nifty.
IT stocks seems to be topped out right now.
hence nifty has to go up with the help of reliance and banking sector and hul etc.
it seems these stocks were helping on Friday too

Comments

Santoshpansare

⋅ Jul 19, 2020 4:27 PM

Great Analysis sir,
Thanks

bijoy2526

⋅ Jul 19, 2020 5:10 PM

@Santoshpansare, welcome.

sabu_m

⋅ Jul 19, 2020 6:28 AM

its almost at the top of all the lines you have in the chart... So how far can it go higher

Gags017

⋅ Jul 19, 2020 3:10 AM

What is buying selling level.. Suggest plan for this or next expiry. Thank you sir.

bijoy2526

⋅ Jul 19, 2020 5:11 PM

@Gags017, it is in buy mode.I have mentioned the levels to buy if you can get those levels.it may touch 11000 soon.