NIFTY CLOSES POSITIVELY ON 30/08/2019 AND NEGATIVE GDP DATA.
NIFTY CLOSED ABOVE 20 DAYS SMA ON FRIDAY.
GDP DATA DEVELOPS NEGATIVE SENTIMENTS.
SGX NIFTY WAS TRADING LOWER YESTERDAY.
NIFTY HAS SUPPORT AT 10998- 11002.
IT SEEMS ANY INTRADAY DIP TO THIS LEVEL IS AN OPPORTUNITY TO BUY FOR THE TARGET OF 11200 WITH STOP LOSS OF FRIDAY'SLOW.
HOWEVER IF STILL NEGATIVE SENTIMENT PERSISTS AND NIFTY CLOSES BELOW 20 DAYS SMA AND SLIPS BELOW 10998-11002 ON CLOSING BASIS AND BREACHES FRIDAY'S LOW LOWER LEVELS WILL BE POSSIBLE
HOW MARKET BEHAVES TODAY IS VERY IMPORTANT.
WILL TRY TO UPDATE DURING MARKET HOUR.
GDP DATA DEVELOPS NEGATIVE SENTIMENTS.
SGX NIFTY WAS TRADING LOWER YESTERDAY.
NIFTY HAS SUPPORT AT 10998- 11002.
IT SEEMS ANY INTRADAY DIP TO THIS LEVEL IS AN OPPORTUNITY TO BUY FOR THE TARGET OF 11200 WITH STOP LOSS OF FRIDAY'SLOW.
HOWEVER IF STILL NEGATIVE SENTIMENT PERSISTS AND NIFTY CLOSES BELOW 20 DAYS SMA AND SLIPS BELOW 10998-11002 ON CLOSING BASIS AND BREACHES FRIDAY'S LOW LOWER LEVELS WILL BE POSSIBLE
HOW MARKET BEHAVES TODAY IS VERY IMPORTANT.
WILL TRY TO UPDATE DURING MARKET HOUR.
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