Monday, 20 July 2020

market view for 21st July


  • Nifty after giving a buy signal @10835 on 16th July is showing sign  of strength.It is difficult to predict how much this rally will last .However our strategies aim is to gain maximum out of every trend.
  • On last Friday  at the time of breakout that is at  10835 the nifty July 23 10900  CE was trading at 73 Rs .Today it made a high of 171. 
  • If one has purchased that call at the time of breakout he can easily double his investment within two days.
  • In hourly chart the 50 ema is placed at 10800 level.So a drop below that should be considered as a sign to exit long position


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