NIFTY| NSE | BSE | SENSEX | STOCK |MARKET LIVE |SHARE MARKET LIVE |INDIAN STOCK LIVE |NIFTY LIVE | UPDATES JULY 22 2020
The Nifty has now almost reached our expected target area of 11200 which is the 78.6 percent of the previous correction. Traders can look to book some profits on their existing longs around this area and take some money off the table; but by no means one should preempt any contra moves as there are no signs of reversal as of now. Identifying potential movers and trading with a stock specific approach would be a better strategy for short term. The immediate supports for Nifty are placed around 11085 and 11000 whereas resistances are seen around 11190 and 11220.
Market Updates: Benchmark indices are trading flat with Nifty holding above 11,150 level. At 10:54 IST, the Sensex was up 18.34 points or 0.05% at 37948.67, and the Nifty was up 5.80 points or 0.05% at 11168.10. About 1022 shares have advanced, 1031 shares declined, and 119 shares are unchanged.