Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 16.08. 2020                                 NIFTY SPOT : 11181.25

                                                                                                         

Hi Readers

Nifty respected the both support and resistance levels in the previous week.

 

Nifty was both up and down during the week.

 

Now What :-

The coming week is easy to trade

As Nifty has taken support for once at 11111.

This number support is very significant.

 

For the coming week the view is simple. Close above 11254 Nifty is bullish with a stop loss of 11150 closing basis and close below 11098 Nifty is bearish with a stop loss of 11192 closing basis.

Play as per the breakout and breakdown, both on the up and down side as per the levels.

The movement as per the above mentioned levels is expected to be tradable.

 

Trade accordingly.

 

 

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

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