Indice NIFTY 50

Nifty Analysis 19 July 21

34
Entry has been touched for Long on Friday, Though SGX indicates a negative closing expecting to recover by morning and Nifty to open Flat.

Scenario 1:
If momentum holds near 15850-15800 on 15 mins timeframe go long. target back again to 15910

Scenario 2:
50 % prob, If opens Flat takes support at 15910 and shows positive signs target will be very small 16030-16040.

Since VIX is very low i would not suggest getting into any trade as of tomorrow. but post 2 pm you can initiate a buy if we have made a negative day.


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