- Nifty spot closed above 200 EMA for a fourth straight session.
- In weekly charts nifty had made a bullish crossover that is 8ema closed above 200 ema .
- This happens after 15 week.
- I expect nifty to be very volatile in the next three days.
- I expect nifty to touch 11000 levels in coming days may be by tomorrow after noon
- I also expect nifty to make a new high in the morning session of Thursday .It is the weekly expiry day.
- .I am also anticipating that nifty will not sustain that high..
- It is difficult to predict exact levels.
- However for all long positions the stop loss should be below 10550 for nifty spot
Tuesday, 7 July 2020
Nifty view for 8th JULY
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