Bank Nifty Spot Outlook for 01st Sep

BANK NIFTY

Bank Nifty spot opened at 24354.35 which was also the high,  made a low of 24207.70 ,  before closing at 24318.40. .

Had mentioned that long positions for the day can be taken above 24380 and short positions for the day can be taken below 24235 . Bank Nifty triggered our short trade but could not complete any target and mostly traded the day between our long and short trigger levels 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24240 can test 24165 - 24145 and on sustaining below it we can see a further test of 24080 - 24010 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24380 we can see a test of 24455 - 24475 initially and breaking and sustaining above it we can see a further move till 24540 - 24610 next . "  , and we saw Bank Nifty make low of 24207.70 . Now in the coming session Bank Nifty breaking and sustaining below 24250 can test 24180 - 24165 and on sustaining below it we can see a further test of 24105 - 24035 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24385 we can see a test of 24455 - 24475 initially and breaking and sustaining above it we can see a further move till 24535 - 24600 next . 

Bank Nifty Spot Levels for the day are

Long above 24385 for 24425 – 24475 – 24600 , SL 24295

Short below 24250 for 24210 – 24165 – 24035 , SL 24340

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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.