Nifty Outlook Today 07.08.2019

Nifty Outlook Today 07.08.2019: NIFTY 50 Index closed at 10948.25 on 06.08.2019 due to short covering on positive note gaining +85.65 Points  +0.79%. Nifty trading  below  all major moving averages and CCI below 0 at -120. Nifty is weak on daily chart . We recommend Sell Nifty Future on rise between 11000-11100 with Stoploss above 11180-11200  for Target 10750 and 10500 within next few days. Trade well!! Disclaimer Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.