Tuesday, 7 July 2020

Nifty view for 8th JULY


  • 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

No comments:

Post a Comment