Wednesday, 8 July 2020

Nifty view for 9th July


  • As expected nifty was very volatile today. 
  • In hourly charts nifty spot has  given a pattern break out on the downside
  • .However an hourly close below 10620 can only confirm that the up move started at 10360 level has ended
  • .Market will be very volatile tomorrow .Immediate  resistance is at 10750 levels.
  • I will not be surprised if nifty moves above 10830 levels tomorrow
  • As long as nifty has not breached  10620. I think long positions can be hold with stoploss
  • Meanwhile if nifty breaks and close below 10620 it doesn't mean a bear rally has started.If nifty close below 10620 it will enter a range bound movement.



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