Tuesday, 28 February 2017

Bank Nifty Spot Outlook for 01st March

BANK NIFTY


Bank Nifty spot opened at 20632.85 and made a high of 20681.30  , then went down till 20560.60 before closing at 20607.25 . Had  mentioned that long positions can be taken above 20672 and short positions can be taken below 20554 for the day .  

Bank Nifty triggered our long trade and took our SL without achieving any target . Bank Nifty had triggered our weekly short trade in the previous session and has completed 6 targets giving around 200 points . Further shorts will be confirmed on sustaining below 20609 today. 

Now for this week Bank Nifty needs to break and sustain above 20992 then we can expect a move till 21065 - 21115 levels initially and closing above 21145 we can expect the next move till 21250 - 21365 . Similarly Bank Nifty needs to break and sustain below 20760 then we can expect a move till 20690 - 20639 levels initially and closing below 20609 we can expect a further move till 20505 - 20385 . Bank Nifty today made a low of 20560.60 and has also given a borderline close at 20607.25 just below our level for further shorts and it would need to sustain below this to level to test the next short targets  .

Have been mentioning since the beginning of the month ' For the month of March we can expect uptrend to continue in Bank Nifty spot on a consecutive closing above 20932 and downtrend on a consecutive closing below 20283 '  . In February had mentioned 19958 closing as the long confirmation level for Bank Nifty and we saw a move of 1050+ points after Bank Nifty gave a consecutive close above the monthly long confirmation level . 


Those who are holding longs or those who are looking to enter fresh longs on any corrections this week should keep a strict cbsl of 20427 spot for their positions . Those who are holding shorts or those who are looking to enter fresh shorts on further upmove should keep a strict cbsl of 21115 spot for their positions .

For today if Bank Nifty spot sustains above 20667 we can see a initial move till 20729 & on sustaining above 20745 we may see further move till 20858 . Similarly if Bank Nifty spot sustains below 20548 we may see a initial move on the downside till 20485 &  on sustaining below 20470 we may see further move till 20356 .


Bank Nifty Spot Levels for the day are

Long above 20667 for 20703 
– 20745 – 20858 , SL 20589

Short below 20548 for 20511 – 20470 – 20356 , SL 20626

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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 March

NIFTY


Nifty spot  opened  at 8898.95 and made a high of 8914.75 went down till 8867.60 before closing at 8879.60 . Had mentioned that long positions can be taken above 8912 and short positions can be taken below 8881 for the day .  

Nifty initially triggered our long trade after opening but took our SL without achieving any target . It then went down and triggered our short trade and completed just 1 target for the day . Nifty had in the previous session triggered our weekly shorts and nearly completed our initial 3 targets . Further shorts was to get triggered below 8863 and confirmed on sustaining below 8853 which did not happen today . As mentioned previously too  'Now Nifty needs to give a close above 9016 this week for further upmove' . 

Have been mentioning since November that ' A deeper downmove can be expected on a consecutive close below 7895 ' and we had seen Nifty make a low of 7893.80 in the last week of December. Nifty has gained nearly 1050+ points after holding the cbsl of 7895 till now.    Those who are holding longs or intending to go long on a correction should keep a strict cbsl of 8830 spot for their positions .


Now for this week Nifty Spot needs to break and sustain above 8977 for long confirmationthen we can expect a move till 9000 - 9016 initially and closing above 9026 we can expect the next move till 9060 - 9098 . Similarly this week Nifty spot needs to break and sustain below 8902 for short confirmation, then we can expect a move till 8879 - 8863 initially and closing below 8853 we can expect a further move till 8819 - 8781' . Today we saw Nifty make a low of 8867.60 after breaking and sustaining below 8902 but if failed to break below 8863 - 8853 zone to confirm further shorts,


For the month of March we can expect uptrend in Nifty spot on a consecutive closing above 8966 and downtrend on a consecutive closing below 8793 . In February had mentioned 8696 closing as the long confirmation level for Nifty and we saw a move of 275+ points after Nifty gave a consecutive close above the monthly long confirmation level . 

Those who are holding longs or those who are looking to enter fresh longs on any corrections this week should keep a strict cbsl of 8830 spot for their positions. Those who holding shorts or those who are intending to go short on further upmove should keep a strict cbsl of 9016 spot for their positions.

For today if Nifty spot sustains above 8895 we can see a initial move on the upside till 8912 & on sustaining above 8916 we may see further move till 8947 . Similarly if Nifty spot sustains below 8863 we may see a initial move on the downside till 8847 & on sustaining below 8843 we may see a further move till 8812 . 


Nifty Spot Levels for the day are

Long above 8895 for 8905 - 8916 - 8947 , SL 8875

Short below 8864 for 8854 - 8843 - 8812 , SL 8884

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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, 27 February 2017

Bank Nifty Spot Outlook for 28th February

BANK NIFTY


Bank Nifty spot opened at 20853.45 which was also the high for the day , then went down till 20584.75 before closing at 20613.05 . Had  mentioned that long positions can be taken above 20920 and short positions can be taken below 20833 for the day .  

Bank Nifty triggered our short trade and completed all our targets for the day. Bank Nifty also triggered our weekly short trade and completed 6 targets giving around 200 points . Further shorts will get confirmed on sustaining below 20609 . Now Bank Nifty needs to give a close above 21115 this week to move up further.

Now for this week Bank Nifty needs to break and sustain above 20992 then we can expect a move till 21065 - 21115 levels initially and closing above 21145 we can expect the next move till 21250 - 21365 . Similarly Bank Nifty needs to break and sustain below 20760 then we can expect a move till 20690 - 20639 levels initially and closing below 20609 we can expect a further move till 20505 - 20385 . Bank Nifty today made a low of 20584.75 after sustaining below 20760 .

Have been mentioning since the beginning of the month ' For the month of February we can expect uptrend to continue in Bank Nifty spot on a consecutive closing above 19958 and downtrend on a consecutive closing below 19072'  . In January had mentioned 18506 closing as the long confirmation level for Bank Nifty and we saw a move of 1700+ points after Bank Nifty gave a consecutive close above the monthly long confirmation level . This month so far we have got a further move of 1050+ points after Bank Nifty has closed above our long confirmation level .


Those who are holding longs or those who are looking to enter fresh longs on any corrections this week should keep a strict cbsl of 20427 spot for their positions . Those who are holding shorts or those who are looking to enter fresh shorts on further upmove should keep a strict cbsl of 21115 spot for their positions .

For today if Bank Nifty spot sustains above 20672 we can see a initial move till 20735 & on sustaining above 20751 we may see further move till 20864 . Similarly if Bank Nifty spot sustains below 20554 we may see a initial move on the downside till 20491 &  on sustaining below 20476 we may see further move till 20363 .


Bank Nifty Spot Levels for the day are

Long above 20672 for 20709 
– 20751 – 20864 , SL 20595

Short below 20554 for 20517 – 20476 – 20363 , SL 20631

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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 28th February

NIFTY


Nifty spot  opened  at 8943.70 and made a high of 8951.80 went down till 8888.65 before closing at 8896.70 . Had mentioned that long positions can be taken above 8954 and short positions can be taken below 8925 for the day .  

Nifty triggered our short trade and missed our last target by 9 points . Nifty also triggered our weekly shorts and nearly completed our initial 3 targets . Further shorts will get triggered on sustaining below 8853 . As mentioned in the previous post 'Now Nifty needs to give a close above 9016 this week for further upmove'

Have been mentioning since November that ' A deeper downmove can be expected on a consecutive close below 7895 ' and we had seen Nifty make a low of 7893.80 in the last week of December. Nifty has gained nearly 1050+ points after holding the cbsl of 7895 till now.    Those who are holding longs or intending to go long on a correction should keep a strict cbsl of 8830 spot for their positions .


Now for this week Nifty Spot needs to break and sustain above 8977 for long confirmationthen we can expect a move till 9000 - 9016 initially and closing above 9026 we can expect the next move till 9060 - 9098 . Similarly this week Nifty spot needs to break and sustain below 8902 for short confirmation, then we can expect a move till 8879 - 8863 initially and closing below 8853 we can expect a further move till 8819 - 8781' . Today we saw Nifty make a low of 8888.65 after breaking and sustaining below 8902.


Had been mentioning since the beginning of the month ' For the month of February we can expect uptrend in Nifty spot on a consecutive closing above 8696 and downtrend on a consecutive closing below 8427' . In January had mentioned 8329 closing as the long confirmation level for Nifty and we saw a move of 340+ points after Nifty gave a consecutive close above the monthly long confirmation level . This month so far we have got a further move of 275+ points after Nifty has closed above our long confirmation level.

Those who are holding longs or those who are looking to enter fresh longs on any corrections this week should keep a strict cbsl of 8830 spot for their positions. Those who holding shorts or those who are intending to go short on further upmove should keep a strict cbsl of 9016 spot for their positions.

For today if Nifty spot sustains above 8912 we can see a initial move on the upside till 8929 & on sustaining above 8933 we may see further move till 8963 . Similarly if Nifty spot sustains below 8881 we may see a initial move on the downside till 8864 & on sustaining below 8860 we may see a further move till 8830 . 


Nifty Spot Levels for the day are

Long above 8912 for 8922 - 8933 - 8963 , SL 8892

Short below 8881 for 8871 - 8860 - 8830 , SL 8902

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 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, 26 February 2017

Bank Nifty Spot Outlook for 27th February

BANK NIFTY


Bank Nifty spot opened at 20877.65 and made a high of 21011.90 , then went down till 20828.40 before closing at 20876.65 . Had  mentioned that long positions can be taken above 20911 and short positions can be taken below 20826 for the day .  

Bank Nifty triggered our long trade and missed our last target by 38 points . Bank Nifty missed our weekly last long target too by 28 points . Now Bank Nifty needs to give a close above 21115 this week to move up further.

Now for this week Bank Nifty needs to break and sustain above 20992 then we can expect a move till 21065 - 21115 levels initially and closing above 21145 we can expect the next move till 21250 - 21365 . Similarly Bank Nifty needs to break and sustain below 20760 then we can expect a move till 20690 - 20639 levels initially and closing below 20609 we can expect a further move till 20505 - 20385 . 

Have been mentioning since the beginning of the month ' For the month of February we can expect uptrend to continue in Bank Nifty spot on a consecutive closing above 19958 and downtrend on a consecutive closing below 19072'  . In January had mentioned 18506 closing as the long confirmation level for Bank Nifty and we saw a move of 1700+ points after Bank Nifty gave a consecutive close above the monthly long confirmation level . This month so far we have got a further move of 1050+ points after Bank Nifty has closed above our long confirmation level .


Those who are holding longs or those who are looking to enter fresh longs on any corrections this week should keep a strict cbsl of 20427 spot for their positions . Those who are holding shorts or those who are looking to enter fresh shorts on further upmove should keep a strict cbsl of 21115 spot for their positions .

For today if Bank Nifty spot sustains above 20920 we can see a initial move till 20965 & on sustaining above 20978 we may see further move till 21065 . Similarly if Bank Nifty spot sustains below 20833 we may see a initial move on the downside till 20787 &  on sustaining below 20775 we may see further move till 20690 .


Bank Nifty Spot Levels for the day are

Long above 20920 for 20947 
– 20978 – 21065 , SL 20863

Short below 20833 for 20805 – 20775 – 20690 , SL 20890

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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 February

NIFTY


Nifty spot  opened  at 8956.40 and made a high of 8982.15 went down till 8927.55 before closing at 8939.50 . Had mentioned that long positions can be taken above 8941 and short positions can be taken below 8913 for the day .  

Nifty triggered our long trade and missed our last target by 5 points . Nifty completed all our long targets for the week. Now Nifty needs to give a close above 9016 this week for further upmove . 

Have been mentioning since November that ' A deeper downmove can be expected on a consecutive close below 7895 ' and we had seen Nifty make a low of 7893.80 in the last week of December. Nifty has gained nearly 1050+ points after holding the cbsl of 7895 till now.    Those who are holding longs or intending to go long on a correction should keep a strict cbsl of 8830 spot for their positions .


Now for this week Nifty Spot needs to break and sustain above 8977 for long confirmationthen we can expect a move till 9000 - 9016 initially and closing above 9026 we can expect the next move till 9060 - 9098 . Similarly this week Nifty spot needs to break and sustain below 8902 for short confirmation, then we can expect a move till 8879 - 8863 initially and closing below 8853 we can expect a further move till 8819 - 8781' . 


Had been mentioning since the beginning of the month ' For the month of February we can expect uptrend in Nifty spot on a consecutive closing above 8696 and downtrend on a consecutive closing below 8427' . In January had mentioned 8329 closing as the long confirmation level for Nifty and we saw a move of 340+ points after Nifty gave a consecutive close above the monthly long confirmation level . This month so far we have got a further move of 275+ points after Nifty has closed above our long confirmation level.

Those who are holding longs or those who are looking to enter fresh longs on any corrections this week should keep a strict cbsl of 8830 spot for their positions. Those who holding shorts or those who are intending to go short on further upmove should keep a strict cbsl of 9016 spot for their positions.

For today if Nifty spot sustains above 8954 we can see a initial move on the upside till 8969 & on sustaining above 8972 we may see further move till 8999 . Similarly if Nifty spot sustains below 8925 we may see a initial move on the downside till 8910 & on sustaining below 8907 we may see a further move till 8880 . 


Nifty Spot Levels for the day are

Long above 8954 for 8962 - 8972 - 8999 , SL 8935

Short below 8925 for 8917 - 8907 - 8880 , SL 8944

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 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, 25 February 2017

Weekly Spot Outlook of Bank Nifty for 27th February to 03rd March

BANK NIFTY

This week Bank Nifty spot went down 79 points and then went down by 461 points over last weeks close and finally ended the week with a gain of 325 points compared to last weekly closing . 


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 20674 to confirm uptrend and Bank Nifty spot needed to break and sustain below 20429 to confirm downtrend for the week. Bank Nifty made a high of 21011.90  and a low of 20472.40


This week Bank Nifty triggered our long trade and missed our last target by 60 points giving us nearly 350 points from the long trade . Had mentioned in the previous weekly post ' Now for this week Bank Nifty needs to break and sustain above 20674 for the upmove to continue till 21070 with resistance near 20805 - 20836 levels ' and we saw Bank Nifty make a high of 21011.90 and nearly achieve our targets.

Bank Nifty took support just near our confirmation levels to short again of 17608 and reversed to now make a high of 21042 in February gaining 3400+ points till now .Now for this week Bank Nifty needs to break and sustain above 20992 for the up move to continue till 21365 with resistance near 21115 - 21145 levels . IF Bank Nifty breaks and sustains below 20761 then we can see a down move till 20388 with support near 20639 - 20609 levels .Those who are holding longs or those who are intending to go long on a correction should keep a strict cbsl of 20427 for their positions.


Had mentioned at the start of the month 'For the month of February we can expect uptrend in Bank Nifty spot on a consecutive close above 19958 and we can expect downtrend in Bank Nifty spot on a consecutive close below 19072' . Had mentioned in January that we can expect uptrend in Bank Nifty spot on a consecutive close above 18506 and we got a move of nearly 1700+ points from there in January. 


Bank Nifty has given a further up move of 1050+ points after giving a consecutive close above our February monthly long confirmation level of 19958 and is currently near a resistance zone of 21115 - 21145 and it needs to break and sustain above this zone to move up further. Incase Bank Nifty is unable to break and sustain above this range then we may see a correction from here till 20505 - 20385 levels . The current rally is looking a bit saturated now and if Bank Nifty fails to break and sustain above the resistance zone of 21115 - 21145 then we may see a correction till the lower levels mentioned and once Bank Nifty sustains or closes below the cbsl level of 20427 then we may see a further correction till 20115 - 20030 . 


In the coming week Bank Nifty spot needs to break and sustain above 20992 to confirm uptrend and then one can expect a move till 21115 initially and breaking and sustaining above 21145 will give further confirmation of the next move which can take us till 21365. Similarly Bank Nifty spot needs to break and sustain below 20760 to confirm downtrend and then one can expect a move till 20639 initially and breaking and sustaining below 20609 will give further confirmation of the next move which can take us down till 20385.


Bank Nifty Spot Levels for the week are

Long above 20948 , Tgt 20992 - 21028 - 21063

IF Bank Nifty spot manages to get a close / sustain above 21115 then 

long again for 21145 - 21250 - 21365

Short below 20805 , Tgt 20760 - 20725 - 20690

IF Bank Nifty spot manages to get a close / sustain below 20639 then 

short again for 20609 - 20505 - 20385


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 .

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 27th February to 03rd March

NIFTY

This week Nifty spot went down 12 points over last weeks close , then went up by 160 points and finally ended the week with a gain of 118 points compared to last weekly closing.


As per levels given for the previous week Nifty Spot needed to break and sustain above 8857 to confirm uptrend and Nifty spot needed to break and sustain below 8786 to confirm downtrend for the week. Nifty made a high of 8982.15 and a low of 8809.80 for the week.

This week Nifty triggered our long trade and completed all our targets giving around 130 points .  Had mentioned in the previous weekly post that ' Now Nifty needs to sustain above 8857 this week for the up move to continue till 8972 with resistance near 8895 - 8904 levels' and we saw Nifty make a high of 8982.15 and achieve all our targets . 

Have been mentioning since November in the weekly posts 'Those who are holding positional longs or those who are looking to enter on dips should keep a strict CBSL of 7895 for their positions.' . We saw Nifty make a low of 7893.80 in the last week of December and reverse by around 1050+ points till now with Fridays high . Now Nifty needs to sustain above 8977 this week for the up move to continue till 9098 with resistance near 9016 - 9026 levels Breaking and sustaining below 8902 this week we can see a down move till 8781 with support near 8863 - 8853 levels

Had mentioned at the start of the month 'For the month of February we can expect uptrend in Nifty spot on a consecutive close above 8696 and downtrend in Nifty spot on a consecutive close below 8427' . Had mentioned in January that we can expect uptrend in Nifty spot on a consecutive close above 8329 and we got a move of nearly 400+ points from there in January. 

Nifty has given a further up move of 200 points after closing above our February monthly long confirmation level of 8696  . Now in this week if Nifty is unable to break above 9016 - 9026 levels then we can expect a correction till 8780 levels .  Those who are holding positional longs or those who are looking to enter fresh longs on any corrections this week should keep a strict cbsl of 8830 spot for the positions. The current rally is now looking a bit saturated and if Nifty fails to break and sustain above the resistance zone of 9016 - 9026 then we may see a correction till the lower level mentioned and once Nifty sustains or closes below the cbsl level of 8830 then we may see a further correction till 8690 - 8585 . 

In the coming week Nifty spot needs to break and sustain above 8977 to confirm uptrend and then one can expect a move till 9016 initially and breaking and sustaining above 9026 will give further confirmation for the next move which can take us up till 9098. Similarly Nifty spot needs to break and sustain below 8902 to confirm downtrend and then one can expect a move till 8863 initially and breaking and sustaining below 8853 will give further confirmation for the next move which can take us down till 8781 . 


Nifty Spot Levels for the week are

Long above 8963 , Tgt  8977 - 8988 - 9000

IF Nifty spot manages to get a close / sustain above 9016 then ,

long again for 9026 - 9060 - 9098

Short below 8916 , Tgt 8902 - 8891 - 8879

IF Nifty spot manages to get a close / sustain below 8863 then, 

short again for 8853 - 8819 - 8781


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 .

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.