Tuesday 31 July 2018

Bank Nifty Spot Outlook for 01st Aug

BANK NIFTY


In the previous session Bank Nifty spot opened at 27797.20 , it made a low of 27651.30 , then made a new life time high of 27839.20 ,  before closing at 27764.15.

Had mentioned that long trade for the day will get triggered on sustaining above 27905 and short trade for the day will get triggered on sustaining below 27780 . Bank Nifty triggered our short trade and did 125 points .

In the coming week Bank Nifty needs to break and sustain / close above 27805 to test 27990 - 28035 initially and above it we can see a test of 28195 - 28365 . Similarly Bank Nifty needs to break and sustain / close below 27460 to test 27275 - 27230 initially and below it we can see a test of 27075 - 26980.  

In July Bank Nifty triggered our monthly longs above 26715 and made a high of 27873.70 testing our last targets of 27485 - 27835 giving us 1150 points from the positional trade .
 
For the month of August ,Bank Nifty longs will get confirmed with a consecutive close above 28075 for a initial target of 28405 - 28490 and sustaining / closing above it we can see a further test of 28775 - 29085 . Similarly , shorts will get confirmed with a consecutive close below  27450 for a initial target of 27125 - 27040 and sustaining / closing below it we can see a further move till 26755 - 26445 . Bank Nifty currently has resistance near 27955 - 28075 and it needs to break and sustain / close above it for further upmove else we might pull back till 27570 - 27460 initially .

Now in the coming session Bank Nifty needs to break and sustain above 27820 to test 27885 - 27895 initially and sustaining above it we can see a further upmove till 27950 - 28005. Similarly breaking and sustaining below 27705 we can see a test of 27645 - 27630 initially and breaking and sustaining below it we can see a further correction till 27580 - 27525 . 


Bank Nifty Spot Levels for the day are

Long above 27820 for 27855 - 27895 - 28005 , SL 27745

Short below 27705 for 27675 - 27630 -  27525 , SL 27780

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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 01st Aug

NIFTY


In the previous session Nifty spot opened at 11311.05, made a low of 11267.75 , then made a new lifetime high of 11366.00 ,   before closing at 11356.50.

Had mentioned that long trade will get triggered for the day on sustaining above 11335 and short trade will get triggered for the day on sustaining below 11300. Nifty initially triggered our short trade and did 30 points. It then reversed and triggered our long trade and did 30 points again.

As mentioned earlier " In this week Nifty needs to break and sustain / close above 11325 to test 11375 - 11385 initially and above it we can see a test of 11425 - 11470 . Similarly Nifty needs to break and sustain / close below 11230 to test 11185 - 11170 initially and below it we can see a test of 11130 - 11085 .", and today Nifty triggered our weekly longs and it can test our initial targets of 11375 - 11385 .

In July Nifty triggered our monthly longs above 10875 and made a high of 11366 testing our last targets of 11240 - 11400 giving us 491 points from the positional trade. 

For the month of August ,Nifty longs will get confirmed with a consecutive close above 11435 for a initial target of 11520 - 11540 and sustaining / closing above it we can see a further test of 11610 - 11690 . Similarly , shorts will get confirmed with a consecutive close below  11275 for a initial target of 11195 - 11175 and sustaining / closing below it we can see a further move till 11100 - 11025 .  Nifty currently has resistance near 11385 - 11435 and it needs to break and sustain / close above it for further upmove else we might see a pull back till 11310 - 11275 initially.

Now in the coming session Nifty needs to break and sustain above 11370 to test 11385 - 11390 initially and sustaining above it we can see a further upmove till 11405 - 11415. Similarly breaking and sustaining below 11340 we can see a test of 11325 - 11320 initially and breaking and sustaining below it we can see a further correction till 11310 - 11295. 


Nifty Spot Levels for the day are

Long above 11370 for 11380 - 11390 - 11415 , SL 11350

Short below 11340 for 11330 - 11320 - 11295 , SL 11360

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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.

Monday 30 July 2018

Bank Nifty Spot Outlook for 31st Jul

BANK NIFTY


In the previous session Bank Nifty spot opened at 27767.45 , it made a low of 27605.75 , then made a new life time high of 27873.70 ,  before closing at 27842.60

Had mentioned that long trade for the day will get triggered on sustaining above 27700 and short trade for the day will get triggered on sustaining below 27570 . Bank Nifty triggered our long trade and did 170 points .

In the coming week Bank Nifty needs to break and sustain / close above 27805 to test 27990 - 28035 initially and above it we can see a test of 28195 - 28365 . Similarly Bank Nifty needs to break and sustain / close below 27460 to test 27275 - 27230 initially and below it we can see a test of 27075 - 26980.  

As mentioned earlier " For the month of July ,Bank Nifty longs will get confirmed with a consecutive close above 26715 for a initial target of 27080 - 27170 and sustaining / closing above it we can see a further test of 27485 - 27835 . Similarly , shorts will get confirmed with a consecutive close below  26015 for a initial target of 25650 - 25555 and sustaining / closing below it we can see a further move till 25240 - 24895 " . and Bank Nifty had triggered our monthly longs and has now made a high of 27873.70 completing our next targets of 27485 - 27835 for the month . Bank Nifty has now entered the resistance zone at 27790 - 28200 zone and breaking and sustaining above it will decide the further upmove.

Now in the coming session Bank Nifty needs to break and sustain above 27905 to test 27965 - 27985 initially and sustaining above it we can see a further upmove till 28035 - 28095. Similarly breaking and sustaining below 27780 we can see a test of 27720 - 27700 initially and breaking and sustaining below it we can see a further correction till 27650 - 27590 . 


Bank Nifty Spot Levels for the day are

Long above 27905 for 27940 - 27985 - 28095 , SL 27825

Short below 27780 for 27745 - 27700 -  27590 , SL 27860

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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 31st Jul

NIFTY


In the previous session Nifty spot opened at 11296.65, made a low of 11261.45 , then made a new lifetime high of 11328.10 ,   before closing at 11319.55.

Had mentioned that long trade will get triggered for the day on sustaining above 11295 and short trade will get triggered for the day on sustaining below 11260. Nifty triggered our long trade and did 30 points

In this week Nifty needs to break and sustain / close above 11325 to test 11375 - 11385 initially and above it we can see a test of 11425 - 11470 . Similarly Nifty needs to break and sustain / close below 11230 to test 11185 - 11170 initially and below it we can see a test of 11130 - 11085 .

Had mentioned previously that " For the month of July ,Nifty longs will get confirmed with a consecutive close above 10875 for a initial target of 11050 - 11090 and sustaining / closing above it we can see a further test of 11240 - 11400 . Similarly , shorts will get confirmed with a consecutive close below  10550 for a initial target of 10380 - 10335 and sustaining / closing below it we can see a further move till 10190 - 10025 .  Now for further upmove Nifty has to close above 11090 in the coming sessions for a move towards 11240 - 11400 else we might see a move back to 10975 - 10925 initially and breaking below we can test 10885 - 10850 next . " , and Nifty has now made a high of 11328.10 for this month testing our last targets of 11240 - 11400 for the month of July . Nifty has now entered a resistance zone of 11295 - 11385 and breaking and sustaining above it will decide the further upmove. 

Now in the coming session Nifty needs to break and sustain above 11335 to test 11355 - 11360 initially and sustaining above it we can see a further upmove till 11375 - 11390. Similarly breaking and sustaining below 11300 we can see a test of 11285 - 11280 initially and breaking and sustaining below it we can see a further correction till 11265 - 11250. 


Nifty Spot Levels for the day are

Long above 11335 for 11345 - 11360 - 11390 , SL 11315

Short below 11300 for 11290 - 11280 - 11250 , SL 11325

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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.

Bank Nifty Spot Outlook for 30th Jul

BANK NIFTY


In the previous session Bank Nifty spot opened at 27497.80 , it made a low of 27455 , then made a new life time high of 27661.05 ,  before closing at 27634.40

Had mentioned that long trade for the day will get triggered on sustaining above 27480 and short trade for the day will get triggered on sustaining below 27330 . Bank Nifty triggered our long trade and did 180 points .

In the coming week Bank Nifty needs to break and sustain / close above 27805 to test 27990 - 28035 initially and above it we can see a test of 28195 - 28365 . Similarly Bank Nifty needs to break and sustain / close below 27460 to test 27275 - 27230 initially and below it we can see a test of 27075 - 26980.  

As mentioned earlier " For the month of July ,Bank Nifty longs will get confirmed with a consecutive close above 26715 for a initial target of 27080 - 27170 and sustaining / closing above it we can see a further test of 27485 - 27835 . Similarly , shorts will get confirmed with a consecutive close below  26015 for a initial target of 25650 - 25555 and sustaining / closing below it we can see a further move till 25240 - 24895 " . and Bank Nifty had triggered our monthly longs and has now made a high of 27661.05 nearly completing our next targets of 27485 - 27835. Bank Nifty is now approaching its resistance zone at 27790 - 28200 zone which will decide the further upmove.

Now in the coming session Bank Nifty needs to break and sustain above 27700 to test 27770 - 27785 initially and sustaining above it we can see a further upmove till 27845 - 27910. Similarly breaking and sustaining below 27570 we can see a test of 27500 - 27485 initially and breaking and sustaining below it we can see a further correction till 27425 - 27360 . 


Bank Nifty Spot Levels for the day are

Long above 27700 for 27740 - 27785 - 27910 , SL 27615

Short below 27570 for 27530 - 27485 -  27360 , SL 27655

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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 30th Jul

NIFTY


In the previous session Nifty spot opened at 11232.75, made a low of 11210.25 , then made a new lifetime high of 11283.40 ,   before closing at 11278.35.

Had mentioned that long trade will get triggered for the day on sustaining above 11185 and short trade will get triggered for the day on sustaining below 11145. Nifty triggered our long trade and did 90 points

In this week Nifty needs to break and sustain / close above 11325 to test 11375 - 11385 initially and above it we can see a test of 11425 - 11470 . Similarly Nifty needs to break and sustain / close below 11230 to test 11185 - 11170 initially and below it we can see a test of 11130 - 11085 .

Had mentioned previously that " For the month of July ,Nifty longs will get confirmed with a consecutive close above 10875 for a initial target of 11050 - 11090 and sustaining / closing above it we can see a further test of 11240 - 11400 . Similarly , shorts will get confirmed with a consecutive close below  10550 for a initial target of 10380 - 10335 and sustaining / closing below it we can see a further move till 10190 - 10025 .  Now for further upmove Nifty has to close above 11090 in the coming sessions for a move towards 11240 - 11400 else we might see a move back to 10975 - 10925 initially and breaking below we can test 10885 - 10850 next . " , and Nifty has now made a high of 11283.40 for this month testing our last targets of 11240 - 11400 for the month of July . Nifty is now approaching a resistance zone of 11295 - 11385 which will decide the further upmove. 

Now in the coming session Nifty needs to break and sustain above 11295 to test 11315 - 11320 initially and sustaining above it we can see a further upmove till 11335 - 11350. Similarly breaking and sustaining below 11260 we can see a test of 11245 - 11240 initially and breaking and sustaining below it we can see a further correction till 11225 - 11205. 


Nifty Spot Levels for the day are

Long above 11295 for 11305 - 11320 - 11350 , SL 11270

Short below 11260 for 11250 - 11240 - 11205 , SL 11285

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 29 July 2018

Weekly Spot Outlook Of Bank Nifty for 30th July to 4th Aug

BANK NIFTY

This week Bank Nifty spot went down by 202 points then went up by 787 before finally ending the week with a gain of 761 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 27050 to trigger uptrend and Bank Nifty spot needed to sustain and close below 26695 to trigger downtrend for the week. Bank Nifty made a low of 26671.35 and made a high of 27661.05. 

As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 27050 for a test of 27240 - 27390 initially and closing above it we can see a further move till 27450 - 27630 . Similarly on sustaining / closing below 26695 we can see a test of 26505 - 26460 initially and closing below it we can see a test of 26295 - 26115. Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 27050 and with a stop loss of 26925 and look to hold further only on getting a close above 27240 - 27290 zone. Those who are looking to enter fresh shorts should wait for Bank Nifty to sustain / close below 26695 and enter with a stop loss of 26820 and look to hold further only on getting a close below 26505 - 26460 zone . " , and we saw Bank Nifty trigger our weekly shorts but could not sustain and reversed immediately to trigger our weekly longs  completing all our targets doing 760 points . 

Now in the coming week Bank Nifty needs to break and sustain / close above 27805 for a test of 27990 - 28035 initially and closing above it we can see a further move till 28195 - 28365. Similarly on sustaining / closing below 27460 we can see a test of 27275 - 27230 initially and closing below it we can see a test of 27075 - 26980 . Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 27805 and look to hold further only getting a close above 27990 - 28035 zone . Those who are looking to enter fresh shorts should wait for Bank Nifty to sustain / close below 27460 and look to hold further only on getting a close below 27275 - 27230 zone . 

Had mentioned at the start of the month " For July Bank Nifty monthly longs will be confirmed with a consecutive close above 26715 for a initial target of 27080 - 27170 and sustaining / closing above it we can see a further move till 27485 - 27835. Similarly shorts will be confirmed with a consecutive close below 26015 for a initial target of 25650 - 25555 and sustaining / closing below it we can see a further move till 25240 - 24895." , and Bank Nifty confirmed our monthly longs and completed our initial targets of 27080 - 27170 and also did our next targets of 27486-27835  with a high of 27661.05 


Bank Nifty Spot Levels for the week are

Long above 27745, Tgt 27805 - 27860 - 27915

IF Bank Nifty spot manages to get a close / sustain above 27990 then 

long again for 28035 - 28195 - 28365

Short below 27525 , Tgt 27460 - 27405 - 27355

IF Bank Nifty spot manages to get a close / sustain below 27275 then 

short again for 27230 - 27075 - 26980


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 .

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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.

Weekly Spot Outlook of Nifty for 30th July to 4th Aug

NIFTY

This week Nifty went up by 273 , before finally ending the week with a gain  of 268 points compared to last weekly closing. 

As per levels given for the previous week Nifty Spot needed to sustain and close above 11065 to trigger uptrend and Nifty spot needed to sustain and close below 10955 to trigger downtrend for the week. Nifty made a low of 11010.95 and made a high of 11283.4 

As mentioned in the previous weekly post " Now in the coming week Nifty needs to break and sustain above 11065 to test 11125 - 11140 initially and above it we can see a test of 11190 - 11250. Breaking and sustaining below 10955 we can see a test of 10895 - 10880 initially and below it we can see a test of 10830 - 10775 . Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11065 and look to hold further only on getting a close above 11125 - 11140 zone . Those who are looking to enter fresh shorts should wait for Nifty to sustain / close below 10955 and look to hold further only on getting a close below 10895- 10880 zone . , and we saw Nifty trigger our long trade by breaking above 11065 and complete all our targets and gave 273 points.  

Now in the coming week Nifty needs to break and sustain above 11325 to test 11375 - 11385 initially and above it we can see a test of 11425 - 11470 . Breaking and sustaining below 11230 we can see a test of 11185 - 11170 initially and below it we can see a test of 11130 - 11085 . Those who looking to enter fresh longs should wait for Nifty to sustain / close above 11325 and look to hold further only on getting a close above 11375 - 11385 zone . Those who are looking to enter fresh shorts should wait for Nifty to sustain / close below 11230 and look to hold further only on getting a close below 11185 - 11170 zone .

As mentioned at the start of the month " For the month of July , longs will get confirmed in Nifty with a consecutive close above 10875 for a initial target of 11050 - 11090 and sustaining / closing above it we can see a further move till 11240 - 11400 .  Similarly shorts will get confirmed with a consecutive close below 10550 for  a initial target of 10380 - 10335 and sustaining / closing below it we can see a further move till 10190 - 10025 ." , and we saw Nifty confirm our monthly longs and has made a high of 11283.40 testing our next target zone of 11240 - 11400. Now for further upmove Nifty needs to sustain above 11240 to test 11375 - 11400 else we might see it move back till 11185 - 11170 initially.


Nifty Spot Levels for the week are

Long above 11310 , Tgt  11325 - 11340 - 11355

IF Nifty spot manages to get a close / sustain above 11375 then ,

long again for 11385 - 11425 - 11470

Short below 11250 , Tgt 11230 - 11220 - 11205

IF Nifty spot manages to get a close / sustain below 11185 then, 

short again for 11170 - 11130 - 11085

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.

Thursday 26 July 2018

Bank Nifty Spot Outlook for 27th Jul

BANK NIFTY


In the previous session Bank Nifty spot opened at 27054.70 , it made a low of 27045.05 , then made a high of 27455.10 ,  before closing at 27406.40

Had mentioned that long trade for the day will get triggered on sustaining above 27095 and short trade for the day will get triggered on sustaining below 26970 . Bank Nifty triggered our long trade and did 350 points today giving a expected bigger move as mentioned in the previous post.  

Had mentioned in the previous post that " In the coming week Bank Nifty needs to break and sustain / close above 27050 to test 27240 - 27290 initially and above it we can see a test of 27450 - 27630 . Similarly Bank Nifty needs to break and sustain / close below 26695 to test 26505 - 26460 initially and below it we can see a test of 26295 - 26115.  Now in this week Bank Nifty has support near 26630 and resistance near 27200 and it has been trading in the range of 26630 - 27200 which needs to be broken and sustained on either side for a bigger move ." ,  and today Bank Nifty gave a bigger move as expected and made a high of 27455.10 testing our next weekly longs targets 

As mentioned earlier " For the month of July ,Bank Nifty longs will get confirmed with a consecutive close above 26715 for a initial target of 27080 - 27170 and sustaining / closing above it we can see a further test of 27485 - 27835 . Similarly , shorts will get confirmed with a consecutive close below  26015 for a initial target of 25650 - 25555 and sustaining / closing below it we can see a further move till 25240 - 24895 " . and we had seen Bank Nifty complete our initial targets of 27080 - 27170 with a high of 27187.15 last week . Now sustaining above 27170 we saw Bank Nifty make a high of 27455.10 nearly testing our next targets of 27485 - 27835 . 

Now in the coming session Bank Nifty needs to break and sustain above 27480 to test 27565 - 27585 initially and sustaining above it we can see a further upmove till 27650 - 27725. Similarly breaking and sustaining below 27330 we can see a test of 27250 - 27230 initially and breaking and sustaining below it we can see a further correction till 27160 - 27085 . 


Bank Nifty Spot Levels for the day are

Long above 27480 for 27530 - 27585 - 27725 , SL 27380

Short below 27330 for 27285 - 27230 -  27085 , SL 27430

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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 27th Jul

NIFTY


In the previous session Nifty spot opened at 11132.95, made a new lifetime high of 11185.85 ,  then made a low of 11125.70 ,  before closing at 11167.30.

Had mentioned that long trade will get triggered for the day on sustaining above 11150 and short trade will get triggered for the day on sustaining below 11110. Nifty triggered our long trade and did 35 points

Had mentioned in the previous post that " In this week Nifty needs to break and sustain / close above 11065 to test 11125 - 11140 initially and above it we can see a test of 11190 - 11240 . Similarly Nifty needs to break and sustain / close below 10955 to test 10895 - 10880 initially and below it we can see a test of 10830 - 10775 . Nifty currently has support near 10925 and has resistance near 11090 and has been trading in the range of 10925 - 11090 which has to be broken and sustained on either side for a bigger move ." , and Nifty today made a high of 11185.85 nearly testing our next weekly long targets of 11190 - 11240 as expected on sustaining above 11140 

Had mentioned previously that " For the month of July ,Nifty longs will get confirmed with a consecutive close above 10875 for a initial target of 11050 - 11090 and sustaining / closing above it we can see a further test of 11240 - 11400 . Similarly , shorts will get confirmed with a consecutive close below  10550 for a initial target of 10380 - 10335 and sustaining / closing below it we can see a further move till 10190 - 10025 .  Now for further upmove Nifty has to close above 11090 in the coming sessions for a move towards 11240 - 11400 else we might see a move back to 10975 - 10925 initially and breaking below we can test 10885 - 10850 next . " , and Nifty on sustaining above 11090 has made a high of 11185.85 . So far Nifty has given us 300 points after confirming our monthly longs . 

Now in the coming session Nifty needs to break and sustain above 11185 to test 11210 - 11215 initially and sustaining above it we can see a further upmove till 11230 - 11250. Similarly breaking and sustaining below 11145 we can see a test of 11125 - 11120 initially and breaking and sustaining below it we can see a further correction till 11105 - 11085. 


Nifty Spot Levels for the day are

Long above 11185 for 11200 - 11215 - 11250 , SL 11160

Short below 11145 for 11135 - 11120 - 11085 , SL 11175

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 25 July 2018

Bank Nifty Spot Outlook for 26th Jul

BANK NIFTY


In the previous session Bank Nifty spot opened at 26992.55 , it made a low of 26939.35 , then made a high of 27074 ,  before closing at 27031.30

Had mentioned that long trade for the day will get triggered on sustaining above 27040 and short trade for the day will get triggered on sustaining below 26905 . Bank Nifty triggered our long trade and did just 30 points today .Bank Nifty traded in a narrow range and we can expect it to give a bigger move now this week. 

Had mentioned in the previous post that " In the coming week Bank Nifty needs to break and sustain / close above 27050 to test 27240 - 27290 initially and above it we can see a test of 27450 - 27630 . Similarly Bank Nifty needs to break and sustain / close below 26695 to test 26505 - 26460 initially and below it we can see a test of 26295 - 26115.  Now in this week Bank Nifty has support near 26630 and resistance near 27200 and it has been trading in the range of 26630 - 27200 which needs to be broken and sustained on either side for a bigger move ." ,  Bank Nifty has been moving indecisively for the past couple of sessions inspite of Nifty moving positively and we can expect a bigger move now this week.

As mentioned earlier " For the month of July ,Bank Nifty longs will get confirmed with a consecutive close above 26715 for a initial target of 27080 - 27170 and sustaining / closing above it we can see a further test of 27485 - 27835 . Similarly , shorts will get confirmed with a consecutive close below  26015 for a initial target of 25650 - 25555 and sustaining / closing below it we can see a further move till 25240 - 24895 " . and we saw Bank Nifty complete our initial targets of 27080 - 27170 with a high of 27187.15 last week . Now in the coming session Bank Nifty has to sustain / close above 27170 for a further upmove till 27485 - 27835 else breaking and sustaining below 26805 we might see a move back to 26665 - 26630 .

Now in the coming session Bank Nifty needs to break and sustain above 27095 to test 27160 - 27175 initially and sustaining above it we can see a further upmove till 27235 - 27295. Similarly breaking and sustaining below 26970 we can see a test of 26905 - 26885 initially and breaking and sustaining below it we can see a further correction till 26830 - 26770 . 


Bank Nifty Spot Levels for the day are

Long above 27095 for 27130 - 27175 - 27295 , SL 27010

Short below 26970 for 26930 - 26885 -  26770 , SL 27050

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.