July 18, 2017

Nifty Outlook and Trading Strategy for 18 July 2017 Onward – Elliott Wave Analysis

Nifty opened higher at 9908 and traded in narrow range of 34 points between 9494-9928 for whole day with positive bias. Finally Nifty closed 29 points up at 9915.

Friday, Nifty was expected to bounce towards 9914-9928 which further can extend towards 9965 and 9865 was reference for breakeven point. Trading strategy was to hold Nifty longs taken in 9862-9848 range on Friday with fresh stoploss of 9864 expecting minimum targets 9914-9929 which further can extend towards 9965. Nifty bounced to register 9928 today. Let’s have a fresh look at latest charts for further scenario.

Read more at http://sweeglu.com/nifty-outlook-and-trading-strategy-for-18-july-2017-onward-elliott-wave-analysis/

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