Nifty Spot Outlook for 19th Nov

NIFTY

In the previous session Nifty spot opened at 10644, made a low of 10631.15 ,  made a high of 10695.15,  before closing at 10682.20

Had mentioned that long trade will get triggered for the day on sustaining above 10645 and short trade will get triggered for the day on sustaining below 10585. Nifty triggered our long trade and did 2 target giving 40 points. 

Now in this week Nifty needs to break and sustain / close above 10745 to test 10805 - 10820 initially and above it we can see a test of 10875 - 10935 . Similarly Nifty needs to break and sustain / close below 10620 to test 10560 - 10545 initially and below it we can see a test of 10490 - 10430 .

For the month of November , further longs will get confirmed with a consecutive close above 10660 for a initial target of 10945 - 11020 and sustaining / closing above it we can see a further test of 11265 - 11535 . Similarly , shorts will get confirmed with a consecutive close below  10115 for a initial target of 9830 - 9755 and sustaining / closing below it we can see a further move till 9510 - 9235 . 

Now in the coming session Nifty needs to break and sustain above 10705 to test 10730 - 10735 initially and sustaining above it we can see a further upmove till 10755 - 10775. Similarly breaking and sustaining below 10660 we can see a test of 10635 - 10630 initially and breaking and sustaining below it we can see a further correction till 10610 - 10585 .

Nifty Spot Levels for the day are

Long above 10705 for 10720 - 10735 - 10775 , SL 10675

Short below 10660 for 10645 - 10630 - 10585 , SL 10690

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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.