Monday, 10 August 2020

Bank Nifty Spot Outlook for 11th Aug

 In the previous session : 





Bank Nifty went up by 318 points before closing higher by 146 points on Monday as compared to its previous day's  close . 








Bank Nifty had made a life time high of 32613.10 on 30th December and has since then  corrected by 15822 points . 







On 10th Aug :



Bank Nifty triggered our long trade and did 202 points





For 11th Aug :


Sustaining above 22015 enter for 22080 - 22160 - 22370 , SL 21935


Sustaining below 21790 enter for 21720 - 21640 - 21430 , SL 21865




Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .


Bank Nifty had made a low of 16116.25 on 24th March. 


Bank Nifty has made a high of 23211.35 on 22nd July in the bounce from the fall till 16116.25  while Nifty has made a high of 11341.40 on 29th July from the lows of 7511 





How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 











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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Nifty Spot Outlook for 11th Aug

 In the previous session : 








Nifty went up by 123 points before closing higher by 56 points on Monday as compared to the previous day's close.








Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now . 


On 10th Aug :

Nifty triggered our long trade and did 72 points



For 11th Aug :



Sustaining above 11315 enter for 11340 - 11370 - 11450 , SL 11280


Sustaining below 11225 enter for 11200 - 11170 - 11090 , SL 11260



Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"






























Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      












To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.























Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.