Indian markets showed selling pressure for the second consecutive day and closed in red with lower volumes. On daily Nifty Charts we are observing that market sentiments may remain some positive and could affected by corporate results outcomes.
For intraday trading tomorrow if Nifty trades below its major support level at 5600 then we can see nifty index falling towards 5565-5540-5500 levels. On the upside if Nifty shows strength above 5620 level then rally to 5650-5675-5700 levels can be seen tomorrow.
Nifty Trading Tips For Tomorrow 12-July:
Trade long in Nifty above 5610 levels, for targeting 5,635-5,650 levels, with placing a stoploss at 5,593. Alternatively, trade short below 5,580 levels, with stop loss placed at 5,600, targeting 5,558-5,540 levels.
For intraday trading tomorrow if Nifty trades below its major support level at 5600 then we can see nifty index falling towards 5565-5540-5500 levels. On the upside if Nifty shows strength above 5620 level then rally to 5650-5675-5700 levels can be seen tomorrow.
Nifty Trading Tips For Tomorrow 12-July:
Trade long in Nifty above 5610 levels, for targeting 5,635-5,650 levels, with placing a stoploss at 5,593. Alternatively, trade short below 5,580 levels, with stop loss placed at 5,600, targeting 5,558-5,540 levels.
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