Daily

Daily Market Update Report 30-07-2019


Nifty opened flat, but fail to sustain at higher level and there was selling from higher which led the indices to close in red. On the daily chart we are observing “Bearish” candlestick pattern and very much near to 200(SMA) which comes around 11140-11130 level.

 

Outlook: Hence, coming trading session Nifty trade below 11130 traders can short with the stop loss of 11180 for target 11080-11050. Upper side 11240-11270 will be major resistance.

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