Daily

Daily Market Update Report 23-07-2019


Nifty opened down and selling pressure was continuing which led the indices to close in red. On the daily chart we get closed below “Run away” gap (11400-11380) & observing “Narrow” range candlestick formation.

 

Outlook: Hence, in coming trading session if Nifty trade below 11300-11290 traders can short with the stop loss of 11360 for target 11240-11210. Upper side 11360-11380 will be major resistance according to above chart pattern it seems we will see selling pressure from higher level.

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