Wednesday, 31 May 2017

Bank Nifty Spot Outlook for 01st Jun

BANK NIFTY


Bank Nifty spot opened at 23321.20 and made a low of 23248.50 , it made a new lifetime high of 23469.45 before closing at 23424.80 which is a new lifetime high close .


Had mentioned that long positions can be taken above 23405 and short positions can be taken below 23209. Bank Nifty triggered our long trade and completed just 1 target . Have mentioned in the previous posts that Bank Nifty has its immediate resistance near 23480 - 23515 zone and immediate resistance near 23115 - 22985 zone . We should see a bigger move once its breaks and sustains beyond this initial outer range of 23515 - 22985 .


Now for this week Bank Nifty needs to break and sustain above 23610 for long confirmation, then we can expect a move till 23764 - 23873 levels initially and sustaining / closing above 23939 we can expect the next move till 24165 - 24413 . Similarly Bank Nifty needs to break and sustain below 23114 for short confirmation then we can expect a move till 22961 - 22852  levels initially and sustaining / closing below 22786 we can expect a further move till 22560 - 22312.  Bank Nifty has a strong support now near 22515 - 22480 zone . Bank Nifty has immediate resistance near 23480 - 23515 zone and above that near 23760 - 23820 zone . Bank Nifty has its immediate support near 23115 - 22985 zone and below it near 22880 - 22800 . Today is the weekly expiry for Bank Nifty and we can expect some volatility 


For today if Bank Nifty spot sustains above 23516 we can see a initial move till 23612 & on sustaining above 23636 we may see further move till 23810 . Similarly if Bank Nifty spot sustains below 23334 we may see a initial move on the downside till 23238 &  on sustaining below 23214 we may see further move till 23040


Bank Nifty Spot Levels for the day are

Long above 23516 for 23572 
– 23636 – 23810 , SL 23397

Short below 23334 for 23278 – 23214 – 23040 , SL 23453

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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 Jun

NIFTY


Nifty spot  opened  at 9636.55 , made a low of 9609.25 and then made a new life time high of 9649.60 before closing at 9621.25 .

Had mentioned that long positions for the day can be taken above 9651 and short positions for the day can be taken below 9598 . Nifty traded the entire day between our long and short trigger range of 9598 - 9651 . 


Now for this week Nifty Spot needs to break and sustain above 9667 for long confirmationthen we can expect a move till 9712 - 9743 initially and closing above 9763 we can expect the next move till 9828 - 9900 Similarly this week Nifty spot needs to break and sustain below 9523 for short confirmation, then we can expect a move till 9479 - 9447 initially and closing below 9428 we can expect a further move till 9362 - 9290.  Nifty has in the last 3 sessions stayed within our long and short weekly confirmation levels of 9667 - 9523 and breaking beyond this range now should give a bigger move on either side. We should see a break of this range on either side if a bigger move has to come in the next 2 days of this week. 

The geopolitical issues is what can cause some concern for longs as and when it escalates . Nifty has a strong support near 9355 - 9335 currently and bigger correction can be expected only on closing below this range . Nifty has its immediate resistance near 9650 - 9670 zone and above that near 9750 - 9770 zone and those who had taken longs last week with a cbsl of 9335 should look to book near these levels after seeing the price action . Nifty has its immediate support near 9550 - 9520 zone and below it near 9480 - 9460 zone . Those who had entered longs last week with the cbsl of 9335 and have not yet booked should now move up their trailing cbsl to 9540 or look to book now if Nifty is unable to break and sustain above 9650 - 9670 zone.


For today if Nifty spot sustains above 9644 we can see a initial move on the upside till 9667 & on sustaining above 9673 we may see further move till 9715 . Similarly if Nifty spot sustains below 9599 we may see a initial move on the downside till 9576 & on sustaining below 9570 we may see a further move till 9527


Nifty Spot Levels for the day are

Long above 9644 for 9657 - 9673 - 9715 , SL 9614

Short below 9599 for 9585 - 9570 - 9527 , SL 9628

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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.

Tuesday, 30 May 2017

Bank Nifty Spot Outlook for 31st May

BANK NIFTY


Bank Nifty spot opened at 23142.10 and made a low of 23093.95 , it made a high of 23337.15 before closing at 23307.25


Had mentioned that long positions can be taken above 23280 and short positions can be taken below 23086. Bank Nifty triggered our long trade but could not complete any target for the day . There was a trade for swing traders as Bank Nifty traded between 23086 - 23280 . Have mentioned in the previous posts that Bank Nifty has its immediate resistance near 23480 - 23515 zone and immediate resistance near 23115 - 22985 zone . We should see a bigger move once its breaks and sustains beyond this initial outer range of 23515 - 22985 .


Now for this week Bank Nifty needs to break and sustain above 23610 for long confirmation, then we can expect a move till 23764 - 23873 levels initially and sustaining / closing above 23939 we can expect the next move till 24165 - 24413 . Similarly Bank Nifty needs to break and sustain below 23114 for short confirmation then we can expect a move till 22961 - 22852  levels initially and sustaining / closing below 22786 we can expect a further move till 22560 - 22312.  Bank Nifty has a strong support now near 22515 - 22480 zone . Bank Nifty has immediate resistance near 23480 - 23515 zone and above that near 23760 - 23820 zone . Bank Nifty has its immediate support near 23115 - 22985 zone and below it near 22880 - 22800 . Had mentioned in the previous post "Bank Nifty has closed below our weekly short trigger level and it now needs to sustain / close below the short confirmation level of 23114 for a further correction and being unable to do so we can see a revisit of the recent highs " and today Bank Nifty has moved above the weekly short trigger level.


For today if Bank Nifty spot sustains above 23405 we can see a initial move till 23510 & on sustaining above 23535 we may see further move till 23725 . Similarly if Bank Nifty spot sustains below 23209 we may see a initial move on the downside till 23105 &  on sustaining below 23079 we may see further move till 22890


Bank Nifty Spot Levels for the day are

Long above 23405 for 23465 
– 23535 – 23725 , SL 23277

Short below 23209 for 23149 – 23079 – 22892 , SL 23338

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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 May

NIFTY


Nifty spot  opened  at 9590.65 , made a low of 9581.20 and then made a high of 9635.30 before closing at 9624.55 which is a new life time high close .

Had mentioned that long positions for the day can be taken above 9631 and short positions for the day can be taken below 9579 . Nifty initially triggered our long trade and but could not complete any target . Swing traders got to trade between the range of 9631 - 9579 for the day .We should mostly see a break of this narrow range in tomorrows session .


Now for this week Nifty Spot needs to break and sustain above 9667 for long confirmationthen we can expect a move till 9712 - 9743 initially and closing above 9763 we can expect the next move till 9828 - 9900 Similarly this week Nifty spot needs to break and sustain below 9523 for short confirmation, then we can expect a move till 9479 - 9447 initially and closing below 9428 we can expect a further move till 9362 - 9290.  Nifty has in the last 2 sessions stayed within our long and short confirmation levels of 9667 - 9523 and breaking beyond this range now should give a bigger move on either side.

The geopolitical issues is what can cause some concern for longs as and when it escalates . Nifty has a strong support near 9355 - 9335 currently and bigger correction can be expected only on closing below this range . Nifty has its immediate resistance near 9650 - 9670 zone and above that near 9750 - 9770 zone and those who had taken longs last week with a cbsl of 9335 should look to book near these levels after seeing the price action . Nifty has its immediate support near 9550 - 9520 zone and below it near 9480 - 9460 zone . Those who had entered longs last week with the cbsl of 9335 and have not yet booked should now move up their trailing cbsl to 9540 .


For today if Nifty spot sustains above 9651 we can see a initial move on the upside till 9679 & on sustaining above 9686 we may see further move till 9737 . Similarly if Nifty spot sustains below 9598 we may see a initial move on the downside till 9570 & on sustaining below 9563 we may see a further move till 9513


Nifty Spot Levels for the day are

Long above 9651 for 9667 - 9686 - 9737 , SL 9616

Short below 9598 for 9582 - 9563 - 9513 , SL 9633

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, 29 May 2017

Bank Nifty Spot Outlook for 30th May

BANK NIFTY


Bank Nifty spot opened at 23310.60 and made a high of 23464 , it made a low of 23141.15 before closing at 23182.75


Had mentioned that long positions can be taken above 23456 and short positions can be taken below 23268. Bank Nifty tested our long trigger and immediately reversed . It then triggered our short trade and completed 2 targets for the day . Today's move was reverse image of the previous session. Had mentioned in the previous post that Bank Nifty has its immediate resistance near 23480 - 23515 zone and immediate resistance near 23115 - 22985 zone . Today Bank Nifty traded well within the range of 23480 - 23115 consolidating and we should see a bigger move once its breaks and sustains beyond this initial outer range of 23515 - 22985 .


Now for this week Bank Nifty needs to break and sustain above 23610 for long confirmation, then we can expect a move till 23764 - 23873 levels initially and sustaining / closing above 23939 we can expect the next move till 24165 - 24413 . Similarly Bank Nifty needs to break and sustain below 23114 for short confirmation then we can expect a move till 22961 - 22852  levels initially and sustaining / closing below 22786 we can expect a further move till 22560 - 22312.  Bank Nifty has a strong support now near 22515 - 22480 zone . Bank Nifty has immediate resistance near 23480 - 23515 zone and above that near 23760 - 23820 zone . Bank Nifty has its immediate support near 23115 - 22985 zone and below it near 22880 - 22800 . Today Bank Nifty has closed below our weekly short trigger level and it now needs to sustain / close below the short confirmation level of 23114 for a further correction and being unable to do so we can see a revisit of the recent highs .


For today if Bank Nifty spot sustains above 23280 we can see a initial move till 23382 & on sustaining above 23408 we may see further move till 23593 . Similarly if Bank Nifty spot sustains below 23086 we may see a initial move on the downside till 22983 &  on sustaining below 22957 we may see further move till 22772


Bank Nifty Spot Levels for the day are

Long above 23280 for 23340 
– 23408 – 23593 , SL 23153

Short below 23086 for 23025 – 22957 – 22772 , SL 23213

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 30th May

NIFTY


Nifty spot  opened  at 9560.05 , made a low of 9547.70 and then made a high of 9637.75 before closing at 9604.90 which is a first time closing above 9600 . 

Had mentioned that long positions for the day can be taken above 9622 and short positions for the day can be taken below 9568 . Nifty initially triggered our short trade and completed 1 target before taking our TSL  . It then triggered our long trade but failed to complete any target , missing our 1st target by 1 point . In short Nifty traded in a very narrow range consolidating after the big moves seen in the previous session. 


Now for this week Nifty Spot needs to break and sustain above 9667 for long confirmationthen we can expect a move till 9712 - 9743 initially and closing above 9763 we can expect the next move till 9828 - 9900 Similarly this week Nifty spot needs to break and sustain below 9523 for short confirmation, then we can expect a move till 9479 - 9447 initially and closing below 9428 we can expect a further move till 9362 - 9290.  Today Nifty stayed within our long and short confirmation levels of 9667 - 9523 and breaking beyond this range tomorrow should give a bigger move on either side.

The geopolitical issues is what can cause some concern for longs as and when it escalates . Nifty has a strong support near 9355 - 9335 currently and bigger correction can be expected only on closing below this range . Nifty has its immediate resistance near 9650 - 9670 zone and above that near 9750 - 9770 zone and those who had taken longs last week with a cbsl of 9335 should look to book near these levels after seeing the price action . Nifty has its immediate support near 9550 - 9520 zone and below it near 9480 - 9460 zone . Those who had entered longs last week with the cbsl of 9335 and have not yet booked should now move up their trailing cbsl to 9540 .


For today if Nifty spot sustains above 9631 we can see a initial move on the upside till 9659 & on sustaining above 9666 we may see further move till 9717 . Similarly if Nifty spot sustains below 9579 we may see a initial move on the downside till 9551 & on sustaining below 9544 we may see a further move till 9493


Nifty Spot Levels for the day are

Long above 9631 for 9648 - 9666 - 9717 , SL 9597

Short below 9579 for 9562 - 9544 - 9493 , SL 9613

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, 28 May 2017

Bank Nifty Spot Outlook for 29th May

BANK NIFTY


Bank Nifty spot opened at 23151.40 and made a low of 23092.35 , it made a high of 23408.35 before closing at 23362.20


Had mentioned that long positions can be taken above 23284 and short positions can be taken below 23098. Bank Nifty tested our short triggered and immediately reversed . It then triggered our long trade and completed 2 targets for the day . Bank Nifty had triggered our weekly long trade in the previous session and went to on to complete all our weekly long targets and more . Bank Nifty gave nearly 500+ points from our weekly long trade and nearly 800+ from our reversal levels with cbsl of 22480 


Now for this week Bank Nifty needs to break and sustain above 23610 for long confirmation, then we can expect a move till 23764 - 23873 levels initially and sustaining / closing above 23939 we can expect the next move till 24165 - 24413 . Similarly Bank Nifty needs to break and sustain below 23114 for short confirmation then we can expect a move till 22961 - 22852  levels initially and sustaining / closing below 22786 we can expect a further move till 22560 - 22312.  Bank Nifty has a strong support now near 22515 - 22480 zone . Bank Nifty has immediate resistance near 23480 - 23515 zone and above that near 23760 - 23820 zone . Bank Nifty has its immediate support near 23115 - 22985 zone and below it near 22880 - 22800 . 


For today if Bank Nifty spot sustains above 23456 we can see a initial move till 23555 & on sustaining above 23580 we may see further move till 23759 . Similarly if Bank Nifty spot sustains below 23268 we may see a initial move on the downside till 23169 &  on sustaining below 23144 we may see further move till 22965


Bank Nifty Spot Levels for the day are

Long above 23456 for 23514 
– 23580 – 23759 , SL 23333

Short below 23268 for 23211 – 23144 – 22965 , SL 23391

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 May

NIFTY


Nifty spot  opened  at 9507.75 , made a low of 9495.40 and then made a high of 9604.90 before closing at 9595.10

Had mentioned that long positions for the day can be taken above 9536 and short positions for the day can be taken below 9484 . Nifty triggered our long trade and nearly completed all our long targets for the day missing our last target by 14 points . Nifty had already triggered our weekly long trade and completed 5 long targets for the week giving around 200+ points from weekly long trade . 


Now for this week Nifty Spot needs to break and sustain above 9667 for long confirmationthen we can expect a move till 9712 - 9743 initially and closing above 9763 we can expect the next move till 9828 - 9900 Similarly this week Nifty spot needs to break and sustain below 9523 for short confirmation, then we can expect a move till 9479 - 9447 initially and closing below 9428 we can expect a further move till 9362 - 9290. 

The geopolitical issues is what can cause some concern for longs as and when it escalates . Nifty has a strong support near 9355 - 9335 currently and bigger correction can be expected only on closing below this range . Nifty has its immediate resistance near 9650 - 9670 zone and above that near 9750 - 9770 zone and those who had taken longs last week with a cbsl of 9335 should look to book near these levels after seeing the price action . Nifty has its immediate support near 9550 - 9520 zone and below it near 9480 - 9460 zone . 


For today if Nifty spot sustains above 9622 we can see a initial move on the upside till 9651 & on sustaining above 9658 we may see further move till 9710 . Similarly if Nifty spot sustains below 9568 we may see a initial move on the downside till 9539 & on sustaining below 9532 we may see a further move till 9480


Nifty Spot Levels for the day are

Long above 9622 for 9639 - 9658 - 9710 , SL 9587

Short below 9568 for 9551 - 9532 - 9480 , SL 9604

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, 27 May 2017

Weekly Spot Outlook of Dax for 29th May to 02nd Jun

DAX

This week DAX went up 65 points over last weeks close and went down 109 points and finally ended the week with a gain of 36 points compared to last weekly closing . 


Dax had made a life time of 12841 in the month of May and has since then been moving in a narrow trading range  .


Dax has immediate resistance near 12617 - 12728 and sustaining / closing above it we can see a move till 12870 - 12930 . Dax has immediate support near 12600 - 12500 and sustaining / closing below it we can see a move till 12260 - 12150


In the coming week Dax needs to break and sustain above 12709 to confirm uptrend and then one can expect a move till 12783 initially and breaking and sustaining above 12801 will give further confirmation of the next move which can take us till 12935. Similarly Bank Nifty spot needs to break and sustain below 12569 to confirm downtrend and then one can expect a move till 12495 initially and breaking and sustaining below 12476 will give further confirmation of the next move which can take us down till 12342


DOW Levels for the week are

Long above 12682 , Tgt 12709 - 12730 - 12752

IF Bank Nifty spot manages to get a close / sustain above 12783 then 

long again for 12801 - 12865 - 12935

Short below 12595 , Tgt 12569 - 12547 - 12525

IF Bank Nifty spot manages to get a close / sustain below 12495 then 

short again for 12476 - 12412 - 12342


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 Dow for 29th May to 02nd Jun

DOW

This week DOW went up 307 points over last weeks close and finally ended the week with a gain of 276 points compared to last weekly closing . 


Dow had made a life time of 21169 in the month of March and has since then been moving in a narrow trading range  .


Dow has immediate resistance near 21110 - 21215 and sustaining / closing above it we can see a move till 21385 - 21405 . Dow has immediate support near 20740 - 20660 and sustaining / closing below it we can see a move till 20500 - 20440


In the coming week Dow needs to break and sustain above 21226 to confirm uptrend and then one can expect a move till 21380 initially and breaking and sustaining above 21419 will give further confirmation of the next move which can take us till 21697. Similarly Bank Nifty spot needs to break and sustain below 20935 to confirm downtrend and then one can expect a move till 20781 initially and breaking and sustaining below 20742 will give further confirmation of the next move which can take us down till 20464


DOW Levels for the week are

Long above 21170 , Tgt 21226 - 21271 - 21316

IF Bank Nifty spot manages to get a close / sustain above 21380 then 

long again for 21419 - 21551 - 21697

Short below 20990 , Tgt 20935 - 20890 - 20845

IF Bank Nifty spot manages to get a close / sustain below 20781 then 

short again for 20742 - 20609 - 20464


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.