Daily

Daily Market Update Report 10-12-2019


Nifty opened higher traded in a narrow range with choppiness but finally closed with minor gains. On the daily chart, we are observing two consecutive closes below the 21-day SMA (11977) which indicates weakness. Hence, we advised to adopt cautious approach at current level. 

 

In coming trading session if Nifty open in the range of 11965 – 11994 levels then go short with a stop loss of 12010 for a target of 11915 – 11901 - 11879 levels.

 

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