Nifty Spot Outlook for 14th Jan

NIFTY

In the previous session Nifty spot opened at 10834.75 and made a high of 10850.15 ,  thne made a low of 10739.40  before closing at 10794.95

Had mentioned that long trade will get triggered for the day on sustaining above 10850 and short trade will get triggered for the day on sustaining below 10795. Nifty initially triggered our short trade for the day and did 55 points . 

For this week Nifty needs to break and sustain / close above 10865 to test 10935 - 10955 initially and above it we can see a test of 11015 - 11085 . Similarly Nifty needs to break and sustain / close below 10725 to test 10655 - 10635 initially and below it we can see a test of 10575 - 10505. 

For the month of January , longs in Nifty will get confirmed with a consecutive close above 10960 for a initial target of 11145 - 11195 and sustaining / closing above it we can see a further test of 11355 - 11530 . Similarly , shorts will get confirmed with a consecutive close below  10600 for a initial target of 10415 - 10370 and sustaining / closing below it we can see a further move till 10205 - 10030 . 

Now in the coming session Nifty needs to break and sustain above 10820 to test 10845 - 10855 initially and sustaining above it we can see a further upmove till 10880 - 10905. Similarly breaking and sustaining below 10770 we can see a test of 10745 - 10735 initially and breaking and sustaining below it we can see a further correction till 10710 - 10685. 

Nifty Spot Levels for the day are

Long above 10820 for 10835 - 10855 - 10905 , SL 10800

Short below 10770 for 10755 - 10735 - 10685 , SL 10790

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.