Thursday 28 June 2018

Bank Nifty Spot Outlook for 29th Jun

BANK NIFTY


In the previous session Bank Nifty spot opened at 26398.10, it made a high  of 26487.85 , then made a low of 26161,  before closing at 26324.60 

Had mentioned that long trade for the day will get triggered on sustaining above 26490 and short trade for the day will get triggered on sustaining below 26355 . Bank Nifty triggered our short trade after opening and did around 180 points .

Had mentioned previously " In the coming week Bank Nifty needs to break and sustain / close above 26930 to test 27100 - 27140 initially and above it we can see a test of 27290 - 27450 . Similarly Nifty needs to break and sustain / close below 26605 to test 26435 - 26390 initially and below it we can see a test of 26245 - 26085. ", and Bank Nifty had  triggered our weekly shorts and tested our next short target zone of 26245 - 26085 nearly completing all our targets . with a borderline close in the previous session and today completed our initial weekly short targets . Now in the coming session Bank Nifty needs to break and sustain above its resistance zone of 26350 - 26390 to show some pullback else sustaining below it we can see further downmove. 

For the month of June ,Bank Nifty longs will get confirmed with a consecutive close above 27560 for a initial target of 28195 - 28360 and sustaining / closing above it we can see a further test of 28905 - 29510 . Similarly , shorts will get confirmed with a consecutive close below  26350 for a initial target of 25715 - 25555 and sustaining / closing below it we can see a further move till 25010 - 24405 . 

Now in the coming session Bank Nifty needs to break and sustain above 26390 to test 26455 - 26475 initially and sustaining above it we can see a further upmove till 26530 - 26590. Similarly breaking and sustaining below 26260 we can see a test of 26195 - 26175 initially and breaking and sustaining below it we can see a further correction till 26120 - 26060. 


Bank Nifty Spot Levels for the day are

Long above 26390 for 26425 - 26475 - 26590 , SL 26305

Short below 26260 for 26225 - 26175 -  26060 , SL 26345

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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 29th Jun

NIFTY


In the previous session Nifty spot opened at 10660.80 and made a high of 10674.20 , then made a low of 10557.70 ,  before closing at 10589.10 

Had mentioned that long trade will get triggered for the day on sustaining above 10695 and short trade will get triggered for the day on sustaining below 10650 . Nifty triggered the short trade after opening and did around 75 points . 

Had mentioned that " In this week Nifty needs to break and sustain / close above 10695 to test 10930 - 10945 initially and above it we can see a test of 10995 - 11050 . Similarly Nifty needs to break and sustain / close below 10765 to test 10710 - 10695 initially and below it we can see a test of 10650 - 10595 .", and Nifty today completed all our weekly short targets . As expected Nifty has taken the small support near 10565 and holding the same we can see a small bounce back till 10665 - 10725 and breaking and sustaining below it is required for any further downmove till 10455 - 10325 . 

For the month of June ,Nifty longs will get confirmed with a consecutive close above 10905 for a initial target of 11085 - 11125 and sustaining / closing above it we can see a further test of 11280 - 11450 . Similarly , shorts will get confirmed with a consecutive close below  10565 for a initial target of 10390 - 10345 and sustaining / closing below it we can see a further move till 10190 - 10025 . The entire month till now Nifty has traded between the short and long trigger level range of 10565 - 10905 with the intraday low of the month being 10550.90 and the intraday high of the month being 10893.25 .

Now in the coming session Nifty needs to break and sustain above 10615 to test 10635 - 10645 initially and sustaining above it we can see a further upmove till 10665 - 10685. Similarly breaking and sustaining below 10565 we can see a test of 10540 - 10535 initially and breaking and sustaining below it we can see a further correction till 10515 - 10490 . 


Nifty Spot Levels for the day are

Long above 10615 for 10625 - 10645 - 10685 , SL 10580

Short below 10565 for 10550 - 10535 - 10490 , SL 10595

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Wednesday 27 June 2018

Bank Nifty Spot Outlook for 28th Jun

BANK NIFTY


In the previous session Bank Nifty spot opened at 26616.30, it made a high  of 26634.30 , then made a high of 26336.50,  before closing at 26423.40 

Had mentioned that long trade for the day will get triggered on sustaining above 26665 and short trade for the day will get triggered on sustaining below 26540 . Bank Nifty triggered our short trade after opening and did around 200 points .

Had mentioned previously " In the coming week Bank Nifty needs to break and sustain / close above 26930 to test 27100 - 27140 initially and above it we can see a test of 27290 - 27450 . Similarly Nifty needs to break and sustain / close below 26605 to test 26435 - 26390 initially and below it we can see a test of 26245 - 26085. ", and Bank Nifty had  triggered our weekly shorts with a borderline close in the previous session and today completed our initial weekly short targets . Now in the coming session Bank Nifty needs to break and sustain below its support zone of 26390 - 26350 for further downmove and holding the same we can see some pullback till 26575 - 26635.


For the month of June ,Bank Nifty longs will get confirmed with a consecutive close above 27560 for a initial target of 28195 - 28360 and sustaining / closing above it we can see a further test of 28905 - 29510 . Similarly , shorts will get confirmed with a consecutive close below  26350 for a initial target of 25715 - 25555 and sustaining / closing below it we can see a further move till 25010 - 24405 . 

Now in the coming session Bank Nifty needs to break and sustain above 26490 to test 26555 - 26575 initially and sustaining above it we can see a further upmove till 26635 - 26695. Similarly breaking and sustaining below 26355 we can see a test of 26290 - 26275 initially and breaking and sustaining below it we can see a further correction till 26215 - 26150. 


Bank Nifty Spot Levels for the day are

Long above 26490 for 26530 - 26575 - 26695 , SL 26405

Short below 26355 for 26320 - 26275 -  26150 , SL 26445

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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 28th Jun

NIFTY


In the previous session Nifty spot opened at 10785.50 which was also the high , then made a high of 10652.40 ,  before closing at 10671.40 

Had mentioned that long trade will get triggered for the day on sustaining above 10790 and short trade will get triggered for the day on sustaining below 10750 . Nifty triggered the short trade after opening and did around 70 points . 

Had mentioned that " In this week Nifty needs to break and sustain / close above 10875 to test 10930 - 10945 initially and above it we can see a test of 10995 - 11050 . Similarly Nifty needs to break and sustain / close below 10765 to test 10710 - 10695 initially and below it we can see a test of 10650 - 10595 .", and Nifty had given a borderline close near 10765 in the previous sessions and today made a low of 10652.40 near our next weekly short targets of 10650 - 10595 . Now Nifty has support in the zone of 10565 - 10635 and holding the same we can see a small bounce back and breaking and sustaining below it is required for any further downmove  . 

For the month of June ,Nifty longs will get confirmed with a consecutive close above 10905 for a initial target of 11085 - 11125 and sustaining / closing above it we can see a further test of 11280 - 11450 . Similarly , shorts will get confirmed with a consecutive close below  10565 for a initial target of 10390 - 10345 and sustaining / closing below it we can see a further move till 10190 - 10025 . The entire month till now Nifty has traded between the short and long trigger level range of 10565 - 10905 with the intraday low of the month being 10550.90 and the intraday high of the month being 10893.25 .

Now in the coming session Nifty needs to break and sustain above 10695 to test 10720 - 10725 initially and sustaining above it we can see a further upmove till 10745 - 10765. Similarly breaking and sustaining below 10650 we can see a test of 10625 - 10620 initially and breaking and sustaining below it we can see a further correction till 10600 - 10575 . 


Nifty Spot Levels for the day are

Long above 10695 for 10710 - 10725 - 10765 , SL 10665

Short below 10650 for 10635 - 10620 - 10575 , SL 10680

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Tuesday 26 June 2018

Bank Nifty Spot Outlook for 27th Jun

BANK NIFTY


In the previous session Bank Nifty spot opened at 26495.65, it made a low of 26479.65 , then made a high of 26712.60 ,  before closing at 26601.70.

Had mentioned that long trade for the day will get triggered on sustaining above 26675 and short trade for the day will get triggered on sustaining below 26545 . Bank Nifty initially triggered our short trade by opening below our first short target . Bank Nifty then reversed and triggered our long trade and did just around 30 points .

Had mentioned previously " In the coming week Bank Nifty needs to break and sustain / close above 26930 to test 27100 - 27140 initially and above it we can see a test of 27290 - 27450 . Similarly Nifty needs to break and sustain / close below 26605 to test 26435 - 26390 initially and below it we can see a test of 26245 - 26085. ", and today Bank Nifty nearly did our initial weekly short targets and also triggered our weekly shorts with a borderline close.


For the month of June ,Bank Nifty longs will get confirmed with a consecutive close above 27560 for a initial target of 28195 - 28360 and sustaining / closing above it we can see a further test of 28905 - 29510 . Similarly , shorts will get confirmed with a consecutive close below  26350 for a initial target of 25715 - 25555 and sustaining / closing below it we can see a further move till 25010 - 24405 . 

Now in the coming session Bank Nifty needs to break and sustain above 26665 to test 26730 - 26745 initially and sustaining above it we can see a further upmove till 26800 - 26865. Similarly breaking and sustaining below 26540 we can see a test of 26475 - 26455 initially and breaking and sustaining below it we can see a further correction till 26400 - 26340. 


Bank Nifty Spot Levels for the day are

Long above 26665 for 26700 - 26745 - 26865 , SL 26580

Short below 26540 for 26500 - 26455 -  26340 , SL 26620

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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 27th Jun

NIFTY


In the previous session Nifty spot opened at 10742.70 , it made a low of 10732.55 , then made a high of 10805.25 ,  before closing at 10769.15 

Had mentioned that long trade will get triggered for the day on sustaining above 10785 and short trade will get triggered for the day on sustaining below 10740 . Nifty initially triggered the short trade at opening but did not sustain and reversed to take our stoploss . Nifty then triggered our long trade and did just 20 points . 

Had mentioned that " In this week Nifty needs to break and sustain / close above 10875 to test 10930 - 10945 initially and above it we can see a test of 10995 - 11050 . Similarly Nifty needs to break and sustain / close below 10765 to test 10710 - 10695 initially and below it we can see a test of 10650 - 10595 .", and Nifty had given a borderline close below 10765 in the previous session and today has the done the same again . 

For the month of June ,Nifty longs will get confirmed with a consecutive close above 10905 for a initial target of 11085 - 11125 and sustaining / closing above it we can see a further test of 11280 - 11450 . Similarly , shorts will get confirmed with a consecutive close below  10565 for a initial target of 10390 - 10345 and sustaining / closing below it we can see a further move till 10190 - 10025 . The entire month till now Nifty has traded between the short and long trigger level range of 10565 - 10905 with the intraday low of the month being 10550.90 and the intraday high of the month being 10893.25 .

Now in the coming session Nifty needs to break and sustain above 10790 to test 10810 - 10815 initially and sustaining above it we can see a further upmove till 10835 - 10855. Similarly breaking and sustaining below 10750 we can see a test of 10730 - 10725 initially and breaking and sustaining below it we can see a further correction till 10705 - 10685 . 


Nifty Spot Levels for the day are

Long above 10790 for 10800 - 10815 - 10855 , SL 10765

Short below 10750 for 10735 - 10725 - 10685 , SL 10775

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Monday 25 June 2018

Bank Nifty Spot Outlook for 26th Jun

BANK NIFTY


In the previous session Bank Nifty spot opened at 26718.15, it made a high of 26804.90 , then made a low of 26573 ,  before closing at 26609.70 .

Had mentioned that long trade for the day will get triggered on sustaining above 26830 and short trade for the day will get triggered on sustaining below 26705 . Bank Nifty initially triggered our short trade and did around 125 points .

In the coming week Bank Nifty needs to break and sustain / close above 26930 to test 27100 - 27140 initially and above it we can see a test of 27290 - 27450 . Similarly Nifty needs to break and sustain / close below 26605 to test 26435 - 26390 initially and below it we can see a test of 26245 - 26085. 

For the month of June ,Bank Nifty longs will get confirmed with a consecutive close above 27560 for a initial target of 28195 - 28360 and sustaining / closing above it we can see a further test of 28905 - 29510 . Similarly , shorts will get confirmed with a consecutive close below  26350 for a initial target of 25715 - 25555 and sustaining / closing below it we can see a further move till 25010 - 24405 . 

Now in the coming session Bank Nifty needs to break and sustain above 26675 to test 26740 - 26755 initially and sustaining above it we can see a further upmove till 26810 - 26875. Similarly breaking and sustaining below 26545 we can see a test of 26480 - 26465 initially and breaking and sustaining below it we can see a further correction till 26410 - 26345. 


Bank Nifty Spot Levels for the day are

Long above 26675 for 26710 - 26755 - 26875 , SL 26590

Short below 26545 for 26510 - 26465 -  26345 , SL 26630

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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 26th Jun

NIFTY


In the previous session Nifty spot opened at 10822.90 , it made a high of 10831.05 , then made a low of 10753.05 ,  before closing at 10762.45 

Had mentioned that long trade will get triggered for the day on sustaining above 10845 and short trade will get triggered for the day on sustaining below 10800 . Nifty initially triggered the short trade for the day and did 45 points . 

Had mentioned that " In this week Nifty needs to break and sustain / close above 10875 to test 10930 - 10945 initially and above it we can see a test of 10995 - 11050 . Similarly Nifty needs to break and sustain / close below 10765 to test 10710 - 10695 initially and below it we can see a test of 10650 - 10595 .", and Nifty has given a borderline close below 10765 and sustaining below it in the coming session can see a move till the initial targets .

For the month of June ,Nifty longs will get confirmed with a consecutive close above 10905 for a initial target of 11085 - 11125 and sustaining / closing above it we can see a further test of 11280 - 11450 . Similarly , shorts will get confirmed with a consecutive close below  10565 for a initial target of 10390 - 10345 and sustaining / closing below it we can see a further move till 10190 - 10025 . The entire month till now Nifty has traded between the short and long trigger level range of 10565 - 10905 with the intraday low of the month being 10550.90 and the intraday high of the month being 10893.25 .

Now in the coming session Nifty needs to break and sustain above 10785 to test 10805 - 10810 initially and sustaining above it we can see a further upmove till 10830 - 10850. Similarly breaking and sustaining below 10740 we can see a test of 10720 - 10715 initially and breaking and sustaining below it we can see a further correction till 10695 - 10675 . 


Nifty Spot Levels for the day are

Long above 10785 for 10795 - 10810 - 10850 , SL 10755

Short below 10740 for 10730 - 10715 - 10675 , SL 10770

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Sunday 24 June 2018

Bank Nifty Spot Outlook for 25th Jun

BANK NIFTY


In the previous session Bank Nifty spot opened at 26518.40, it made a low of 26364.25 , then made a high of 26806.55 ,  before closing at 26766.85 .

Had mentioned that long trade for the day will get triggered on sustaining above 26550 and short trade for the day will get triggered on sustaining below 26445 . Bank Nifty initially triggered our short trade and did around 80 points and reversed to trigger the long trade for the day and did around 150 points.

In the coming week Bank Nifty needs to break and sustain / close above 26930 to test 27100 - 27140 initially and above it we can see a test of 27290 - 27450 . Similarly Nifty needs to break and sustain / close below 26605 to test 26435 - 26390 initially and below it we can see a test of 26245 - 26085. 

For the month of June ,Bank Nifty longs will get confirmed with a consecutive close above 27560 for a initial target of 28195 - 28360 and sustaining / closing above it we can see a further test of 28905 - 29510 . Similarly , shorts will get confirmed with a consecutive close below  26350 for a initial target of 25715 - 25555 and sustaining / closing below it we can see a further move till 25010 - 24405 . 

Now in the coming session Bank Nifty needs to break and sustain above 26830 to test 26890 - 26910 initially and sustaining above it we can see a further upmove till 26965 - 27025. Similarly breaking and sustaining below 26705 we can see a test of 26640 - 26625 initially and breaking and sustaining below it we can see a further correction till 26570 - 26510. 


Bank Nifty Spot Levels for the day are

Long above 26830 for 26865 - 26910 - 27025 , SL 26750

Short below 26705 for 26670 - 26625 -  26510 , SL 26785

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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 25th Jun

NIFTY


In the previous session Nifty spot opened at 10742.70 , it made a low of 10710.45 , then made a high of 10837 ,  before closing at 10821.85

Had mentioned that long trade will get triggered for the day on sustaining above 10760 and short trade will get triggered for the day on sustaining below 10725 . Nifty initially triggered the short trade for the day and did just 15 points . It then reversed and triggered our long trade and completed all our long targets and did around 55 points . 

In this week Nifty needs to break and sustain / close above 10875 to test 10930 - 10945 initially and above it we can see a test of 10995 - 11050 . Similarly Nifty needs to break and sustain / close below 10765 to test 10710 - 10695 initially and below it we can see a test of 10650 - 10595 .

For the month of June ,Nifty longs will get confirmed with a consecutive close above 10905 for a initial target of 11085 - 11125 and sustaining / closing above it we can see a further test of 11280 - 11450 . Similarly , shorts will get confirmed with a consecutive close below  10565 for a initial target of 10390 - 10345 and sustaining / closing below it we can see a further move till 10190 - 10025 . The entire month till now Nifty has traded between the short and long trigger level range of 10565 - 10905 with the intraday low of the month being 10550.90 and the intraday high of the month being 10893.25 .

Now in the coming session Nifty needs to break and sustain above 10845 to test 10865 - 10870 initially and sustaining above it we can see a further upmove till 10890 - 10910. Similarly breaking and sustaining below 10800 we can see a test of 10780 - 10775 initially and breaking and sustaining below it we can see a further correction till 10755 - 10735 . 


Nifty Spot Levels for the day are

Long above 10845 for 10855 - 10870 - 10910 , SL 10815

Short below 10800 for 10790 - 10775 - 10735 , SL 10830

If you want to see the post 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. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Saturday 23 June 2018

Weekly Spot Outlook Of Bank Nifty for 25th to 29th Jun

BANK NIFTY

This week Bank Nifty spot went down by 193 points and then went up by 389 points , before finally ending the week with a gain of 349 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 26520 to trigger uptrend and Bank Nifty spot needed to sustain and close below 26315 to trigger downtrend for the week. Bank Nifty made a high of 26806.55 and made a low of 26224.75 . 

As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 26520 for a test of 26625 - 26655 initially and closing above it we can see a further move till 26750 - 26850 . Similarly on sustaining / closing below 26315 we can see a test of 26210 - 26180 initially and closing below it we can see a test of 26090- 25985 . Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 26520 and enter with a cbsl of 26450. Those who are looking to enter fresh shorts should wait for Bank Nifty to sustain / close below 26315 and enter with a cbsl of 26385 . " , and Bank Nifty made a low of 26224.75 near our initial short targets and reversed. Bank Nifty then triggered our weekly long trade and nearly completed all our long targets . 

Now in the coming week Bank Nifty needs to break and sustain / close above 26930 for a test of 27100 - 27140 initially and closing above it we can see a further move till 27290 - 27450. Similarly on sustaining / closing below 26605 we can see a test of 26435 - 26390 initially and closing below it we can see a test of 26245 - 26085 . Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 26930 and enter with a cbsl of 26715 . Those who are looking to enter fresh shorts should wait for Bank Nifty to sustain / close below 26605 and enter with a cbsl of 26820 .

For the month of June longs will be confirmed with a consecutive close above 27560 for a initial target of 28195 - 28360 and sustaining / closing above it we can see a further move till 28905 - 29510. Similarly shorts will be confirmed with a consecutive close below 26350 for a initial target of 25715 - 25555 and sustaining / closing below it we can see a further move till 25010 - 24405.  


Bank Nifty Spot Levels for the week are

Long above 26865 , Tgt 26930 - 26980 - 27030

IF Bank Nifty spot manages to get a close / sustain above 27100 then 

long again for 27140 - 27290 - 27450

Short below 26665 , Tgt 26605 - 26555 - 26505

IF Bank Nifty spot manages to get a close / sustain below 26435 then 

short again for 26390 - 26245 - 26085


P.S. Always wait for the yellow highlighted levels to be crossed after taking a long/short position for confirmation of the trade . Once the highlighted levels are crossed and the next target is achieved move your Stoploss to the highlighted levels and continue trailing it further .

If you want to see the post 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.

Weekly Spot Outlook of Nifty for 25th to 29th Jun

NIFTY

This week Nifty spot went down by 117 points then went up by 19 points before finally ending the week with a gain of 4 points compared to last weekly closing. 

As per levels given for the previous week Nifty Spot needed to sustain and close above 10865 to trigger uptrend and Nifty spot needed to sustain and close below 10770 to trigger downtrend for the week. Nifty made a high of 10837 and made a low of 10701.20. 

As mentioned in the previous weekly post " Now in the coming week Nifty needs to break and sustain above 10865 to test 10915 - 10925 initially and above it we can see a test of 10970 - 11015 . Breaking and sustaining below 10770 we can see a test of 10720 - 10710 initially and below it we can see a test of 10665 - 10620 . Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 10865 and look to hold further only on getting a close above 10915 - 10925 zone . Those who are looking to enter fresh shorts should wait for a close below 10770 or look to short near 10910 - 10925 with a strict cbsl of 10925 spot. " , and we saw Nifty make a low of 10701.20 completing our initial targets and reverse . 

Now in the coming week Nifty needs to break and sustain above 10875 to test 10930 - 10945 initially and above it we can see a test of 10995 - 11050 . Breaking and sustaining below 10765 we can see a test of 10710 - 10695 initially and below it we can see a test of 10650 - 10595 . Those who looking to enter fresh longs should wait for Nifty to sustain / close above 10875 and look to hold further only on getting a close above 10930 - 10945 zone . Those who are looking to enter fresh shorts should wait for a close below 10765 or look to short near 10930 - 10945 with a strict cbsl of 10950 spot. 

For the month of June , longs will get confirmed with a consecutive close above 10905 for a initial target of 11085 - 11125 and sustaining / closing above it we can see a further move till 11280 - 11450 .  Similarly shorts will get confirmed with a consecutive close below 10565 for  a initial target of 10390 - 10345 and sustaining / closing below it we can see a further move till 10190 - 10025 .Nifty has strong resistance in the zone of 10840 - 10910 for this month and we need to get a strong close above it for a upmove . For the entire month of June Nifty has traded between our short and long confirmation levels of 10565 - 10905 with the intraday low for the month being 10550.90 and intraday high for the month being 10893.25 till now . 


Nifty Spot Levels for the week are

Long above 10855 , Tgt  10875 - 10890 - 10910

IF Nifty spot manages to get a close / sustain above 10930 then ,

long again for 10945 - 10995 - 11050

Short below 10785 , Tgt 10765 - 10750 - 10735

IF Nifty spot manages to get a close / sustain below 10710 then, 

short again for 10695 - 10650 - 10595

P.S. Always wait for the yellow highlighted levels to be crossed after taking a long/short position for confirmation of the trade . Once the highlighted levels are crossed and the next target is achieved move your Stoploss to the highlighted levels and keep trailing your stoploss .

If you want to see the post 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.