Quick Nifty Outlook Dt. 13 Jan 2019

Quick Nifty Outlook Dt. 13 Jan 2019

/ By : / Category : NIFTY & NIFTY BANK OUTLOOK

Nifty@11825

Slowly It has started its correction phase. It has immediate support of 11820 which is 20DEMA on daily chart. If it trades/closes below that level then it can take its next support of 11760. So short term market is looking bearish. 

 

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CMP @ 13 Jun 2019 : 11825

Major Support-1: 11760

Major Support-2: 11560

Major Resistance-1: 11900
Major Resistance-2: 11970

(Note: Whenever price closes below its Support level or closes above its Resistance level then further move in that direction will accelerate. If it does not then it is advisable to accumulate near to support & book the profit near to resistance level.)

NIFTY Daily Chart

 

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Disclaimer: 

Above details are my personal views on the Indices so please do your own analysis before doing any trade/invest.

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