Monday, February 10, 2020

NIFTY VIEW & NIFTY OPTION TIPS FOR 11 FEB 2020


TO GET LIVE MARKET TRADING TIPS FILL THE FORM GIVEN HERE⇨⇨⇨⇨⇨⇨⇨⇨⇨
Nifty Started the week on negative note. Sensex falls 162 points. Nifty50 remained in the negative terrain for the second consecutive session on February 10 as fast-spreading China's coronavirus raised fears over global growth. The index managed to defend 12,000-mark, but closed below 50-day exponential moving average (which placed around 12,054) and formed a bearish candle on daily charts as closing was far lower than the opening price.

Nifty has been making lower highs and lower lows from the last two trading sessions, and closed a tad below its immediate support at 50-DEMA. Going forward, immediate support is placed at 11945 and then 11890. On the flipside, a sustainable move above 12150 may lead to an upmove towards 12,200 and then 12,250 levels. Consolidation will be continued and feel the 11990 could be an important level for direction on either side in the coming session.
Resistance: 12150, 12200
Support: 11990, 11900

2 comments:

  1. very good post , you have shared with me and traders also thx for giving your good opinion .

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