pravinmangalam
Long

NIFTY VIEW for 30/OCT/2019

NSE:NIFTY   Nifty 50 Index
Today we saw a very good move and long position build up. Today’s resistance point was 11800 and it worked very well today’s high is 11809.

What Next?

I am bullish and looking for more 170 points of move in tomorrow session and and it will touch 11970, “The market which was already trading with a positive bias picked up momentum after media reports suggested that Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are planning a series of tax alignments for equities in the coming weeks in a bid to further boost investor sentiment, sources in the Finance Ministry and NITI Aayog told CNBC Awaaz.”
Source- Money Control


Levels- Long @ 11770, SL- 11740 TG- 11970(for two days view)
Buy on dips
Trade closed manually: It took support nearby our support line.
Worked well and gave a good move.

Comments

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