Thursday, 9 July 2020

Market view for 10th July

  • As expected nifty marched towards 10830 levels and closed near days high
  • This is is the highest closing in this week
  • I am anticipating a further upward move in nifty and the next hurdle is 11000 and 11200
  • I expect nifty to make new weekly high tomorrow
  • A close above 11000 can only confirm that the uptrend  has further strength
  • However a drop below 10650 should consider as an invitation to exit long positions

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