Monday, 31 July 2017

Bank Nifty Spot Outlook for 01st Aug

BANK NIFTY


Bank Nifty spot opened at 24880.60 , made a low of 24828.50 , it made a new life time high of 25168.10 ,  before closing at another record high of 25103.65 . Bank Nifty close above 25000 for the first time today .


Had mentioned in the previous post "  Now Bank Nifty needs to break and sustain above 24950 - 24985 zone to test 25070 - 25160 levels and being unable to do so we can see profit booking take it back till 24810 levels initially and below it till 24690 . Those who are holding longs should now further move up their cbsl for 24730 " , and today we saw Bank Nifty make a high of 25168.10 and complete our expected target of 25160 . Now Bank Nifty needs to break and sustain above 25150 in the coming session to test 25250 - 25300 levels. Those who are holding longs should now further trail their cbsl to 24865 . Those who are looking to go short on further upmove should keep a strict cbsl of 25340 spot . 


Bank Nifty Spot Levels for the day are

Long above 25150 for 25175 
– 25205 – 25290 , SL 25090

Short below 25060 for 25035 – 25005 – 25920 , SL 25120

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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


Nifty spot opened at 10034.70 , made a low of 10016.95 , made a high at 10085.90 , before closing at 10077.10 .


Had mentioned in the previous post "  Nifty now needs to break and sustain / close above 10125 levels  to test higher levels till 10175 - 10225 and being unable to do so we might see some profit booking pull it back towards 9920 levels initially " and on Friday we saw Nifty make a low of 9944.50 after making a high of 10114.85 in the previous session and not being able to sustain above 10125. Now in the coming sessions Nifty needs to break and sustain above 10065 to test 10115 - 10130 initially and above it we can see a test of 10170 - 10220. Breaking and sustaining below 9965 we can see a test of 9915 - 9900 initially and below it we can see a test of 9855 - 9810 . Those who are holding longs should keep a stoploss  of 9985 . Those who are looking to go short on further upmove should keep a strict cbsl of 10150 spot .



Nifty Spot Levels for the day are

Long above 10090 for 10099 - 10108 - 10133 , SL 10073

Short below 10064 for 10056 - 10046 - 10021 , SL 10081


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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.

Saturday, 29 July 2017

Weekly Spot Outlook of Bank Nifty for 31st Aug to 04th Sep

BANK NIFTY

This week Bank Nifty spot went down 22 points over last weeks close and went up by 775 points and finally ended the week with a gain of 554 points compared to last weekly closing . 


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 24335 to confirm uptrend and Bank Nifty spot needed to break and sustain below 24180 to confirm downtrend for the week. Bank Nifty made a new life time high of 25032.25  and a low of 24234.65 . 


Bank Nifty broke above the much awaited 25000 mark this week . Bank Nifty triggered our weekly long trade and not only completed all our weekly long targets giving 280 points but also exceeded it by more than 400 points . Those who followed the daily levels after the weekly last target was achieved were able to take good points .  Had mentioned in the previous weekly post "  Now in the coming week Bank Nifty needs to break and sustain / close above  24335 for a test of 24415 - 24435 levels and above it we can see a further move of 24510 - 24585 levels next . Similarly on sustaining / closing  below 24180 levels we can see a test of 24095 - 24075 levels initially and further below it we can test 24005 - 23925 . Those who are long should move up their cbsl to 24075 now  " and we saw Bank Nifty make a new life time high of 25032.25 last week .  


Now in the coming week Bank Nifty needs to break and sustain / close above 24915 for a test of 25020 - 25045 and above it we can see a further move till 25135 - 25235 . Similarly on sustaining / closing below 24710 we can see a test of 24605 - 24580 initially and further below it we can see a test of 24485 - 24390 .Those who are long should move up their cbsl to 24710 now.


Bank Nifty Spot Levels for the week are

Long above 24875 , Tgt 24915 - 24945 - 24975

IF Bank Nifty spot manages to get a close / sustain above 25020 then 

long again for 25045 - 25135 - 25235

Short below 24750 , Tgt 24710 - 24680 - 24650

IF Bank Nifty spot manages to get a close / sustain below 24605 then 

short again for 24580 - 24485 - 24390


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 .

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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 31st Aug to 04th Sep

NIFTY

This week Nifty spot went up nearly 200 points over last weeks close and  finally ended the week with a gain of 99 points compared to last weekly closing.


As per levels given for the previous week Nifty Spot needed to break and sustain above 9965 to confirm uptrend and Nifty spot needed to break and sustain below 9885 to confirm downtrend for the week. Nifty made a new life time high of 10114.85 and a low of 9919.60 for the week . Nifty also gave its first weekly close above 10000 .


This week Nifty finally broke out above the much awaited 10000 mark and has also given a weekly close above it . Nifty triggered our long trade and nearly completed all our weekly long targets giving 150+ points from the weekly long trade . In the previous week had mentioned that " Now in the coming sessions Nifty needs to break and sustain above 9965 to test 10015 - 10030 initially and above it we can see a test of 10075 - 10125 . Breaking and sustaining below 9865 we can see a test of 9815 - 9800 and below it we can see a test of 9755 - 9705 . " , and we saw Nifty make a high of 10114.85 within our range of 10075 - 10125 and reverse for around 150+ points before reclaiming 10000 at close . 


Now in the coming sessions Nifty needs to break and sustain above 10065 to test 10115 - 10130 initially and above it we can see a test of 10170 - 10220. Breaking and sustaining below 9965 we can see a test of 9915 - 9900 initially and below it we can see a test of 9855 - 9810. 



Nifty Spot Levels for the week are

Long above 10045 , Tgt  10065 - 10080 - 10095

IF Nifty spot manages to get a close / sustain above 10115 then ,

long again for 10130 - 10170 - 10220

Short below 9985 , Tgt 9965 - 9950 - 9935

IF Nifty spot manages to get a close / sustain below 9915 then, 

short again for 9900 - 9855 - 9810


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 .

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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.

Thursday, 27 July 2017

Bank Nifty Spot Outlook for 28th Jul

BANK NIFTY


Bank Nifty spot opened at 24857.50 , made a new life time high of 25032.25 , it made a low of 24799.40 before closing at another record high of 24922.40 .


Had mentioned that long positions can be taken above 24690 and short positions can be taken below 24650 .  Bank Nifty opened above our last long target for the day and did not give any chance to enter . Bank Nifty has today also done 250 points above our last target for the day.  It had confirmed our weekly long trade this week and had completed all our weekly long targets and has now exceeded it by around 400+ points . 


Had mentioned in the previous post " Now in the coming week Bank Nifty needs to break and sustain / close above 24335 to test 24415 - 24435 levels initially and above it we can see a further move till  24510 - 24585 . Similarly Bank Nifty on sustaining / closing below 24180 levels we can see a test of 24095 - 24075 levels initially and below it we can see a further move till 24005 - 23925 levels .Now Bank Nifty needs to break and sustain above 24690 - 24730 zone to test 24810 - 24850 zone next and being unable to do we can see profit booking take it to 24465 levels initially and below it till 24175 " and today we saw Bank Nifty make a high of 25032.25 on sustaining above 24690 - 24730 levels and also close beyond the range .Those who are holding longs should now further move up their cbsl to 24730. Now Bank Nifty needs to break and sustain above 24950 - 24985 zone to test 25070 - 25160 levels and being unable to do so we can see profit booking take it back till 24810 levels initially and below it till 24690 .


Bank Nifty Spot Levels for the day are

Long above 24950 for 24965 
– 24985 – 25035 , SL 24915

Short below 24895 for 24880 – 24860 – 24810 , SL 24930

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Nifty Spot Outlook for 28th Jul

NIFTY


Nifty spot opened at 10063.25 , made a new life time high of 10114.85 , made a low at 10005.50 , before closing at 10020.55 . 

Had mentioned that long positions for the day can be taken above 10040 and short positions for the day can be taken below 10000 . Nifty triggered our long trade for the day and completed all our targets .  In the previous sessions Nifty had also triggered our weekly long trade and today missed our last target by 10 points . 

Had mentioned in the previous post " Nifty now in the coming sessions needs to break and sustain above 9965 to test 10015 - 10030 levels initially and above it we can see a test of 10075 -10125 . Similarly now breaking and sustaining / closing 9865 we can see a test of 9815 - 9800 levels initially and below it we can see  a test of 9755 - 9705 levels . " , and today Nifty tested our next resistance zone of 10075 - 10125 with a high of 10114.85 . Nifty now needs to break and sustain / close above 10125 levels  to test higher levels till 10175 - 10225 and being unable to do so we might see some profit booking pull it back towards 9920 levels initially .


Nifty Spot Levels for the day are

Long above 10039 for 10050 - 10063 - 10100 , SL 10015

Short below 10002 for 9990 - 9978 - 9943 , SL 10026


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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.

Wednesday, 26 July 2017

Bank Nifty Spot Outlook for 27th Jul

BANK NIFTY


Bank Nifty spot opened at 24578.15 , made a new life time high of 24720.90 , it made a low of 24484.90 before closing at another record high of 24670.70 .


Had mentioned that long positions can be taken above 24545 and short positions can be taken below 24500 .  Bank Nifty triggered our short trade and completed just 1 target and took our TSL . It triggered our long trade and not only completed all our long targets for the day  but also exceeded it by 100 points . It had confirmed our weekly long trade this week and completed all our weekly long targets and exceeded it by around 150 points . 


Had mentioned in the previous post " Now in the coming week Bank Nifty needs to break and sustain / close above 24335 to test 24415 - 24435 levels initially and above it we can see a further move till  24510 - 24585 . Similarly Bank Nifty on sustaining / closing below 24180 levels we can see a test of 24095 - 24075 levels initially and below it we can see a further move till 24005 - 23925 levels . Now Bank Nifty needs to break and sustain above 24510 - 24585 zone to test 24650 - 24700 zone next and being unable to do we can see profit booking take it to 24175 levels initially " and today we saw Bank Nifty make a high of 24720.90 on sustaining above 24510 - 24585 levels and also close within the range .Those who are holding longs should now further move up their cbsl to 24500. Now Bank Nifty needs to break and sustain above 24690 - 24730 zone to test 24810 - 24850 levels and being unable to do so we can see profit booking take it back till 24465 levels initially and below it till 24175 .


Bank Nifty Spot Levels for the day are

Long above 24690 for 24702 
– 24715 – 24750 , SL 24665

Short below 24650 for 24640 – 24625 – 24590 , SL 24675

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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


Nifty spot opened at 9983.65 , made a new life time high of 10025.95 , made a low at 9965.95 , before closing at 10020.65 . Today Nifty gave its first record close above the much awaited 10000 level . 

Had mentioned that long positions for the day can be taken above 9984 and short positions for the day can be taken below 9945 . Nifty triggered our long trade for the day and completed 2 targets .  In the previous session Nifty had also triggered our weekly long trade and today missed our 4th target by 5 points . 

Had mentioned in the previous post " Nifty now in the coming sessions needs to break and sustain above 9965 to test 10015 - 10030 levels initially and above it we can see a test of 10075 -10125 . Similarly now breaking and sustaining / closing 9865 we can see a test of 9815 - 9800 levels initially and below it we can see  a test of 9755 - 9705 levels . " , and today Nifty tested our initial resistance zone of 10015 - 10030 with a high of 10025.95 . Nifty now needs to break and sustain / close above the zone of 10015 - 10030 to test higher levels till 10125 - 10175 and being unable to do so we might see some profit booking pull it back towards 9865 levels initially .


Nifty Spot Levels for the day are

Long above 10040 for 10050 - 10065 - 10100 , SL 10015

Short below 10000 for 9990 - 9978 - 9943 , SL 10025

The expiry range expected tomorrow is 

Upper End - 10079

Lower End - 9963

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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, 25 July 2017

Bank Nifty Spot Outlook for 26th Jul

BANK NIFTY


Bank Nifty spot opened at 24622.90 , made a new life time high of 24624.65 , it made a low of 24450.20 before closing at another record high of 24520.70 .


Had mentioned that long positions can be taken above 24445 and short positions can be taken below 24400 .  Bank Nifty opened above our last long target for the day and did not give any entry today . It had confirmed our weekly long targets in the previous session and had completed our initial 3 weekly long targets yesterday .Those who were holding as per weekly long would have got good returns today as Bank Nifty completed all our weekly long targets with the gap up today.  


Had mentioned in the previous post " Now in the coming week Bank Nifty needs to break and sustain / close above 24335 to test 24415 - 24435 levels initially and above it we can see a further move till  24510 - 24585 . Similarly Bank Nifty on sustaining / closing below 24180 levels we can see a test of 24095 - 24075 levels initially and below it we can see a further move till 24005 - 23925 levels . Now sustaining above 24435 levels in the coming sessions we can see a further move till 24510 - 24585 next . Those who are holding longs should now move up their trailing cbsl to 24280 " , and today we saw Bank Nifty make a high of 24624.65 and close within the next resistance range . Now Bank Nifty needs to break and sustain above 24510 - 24585 zone to test 24650 - 24700 zone next and being unable to do we can see profit booking take it to 24175 levels initially .


Bank Nifty Spot Levels for the day are

Long above 24545 for 24560 
– 24575 – 24615 , SL 24515

Short below 24500 for 24485 – 24470 – 24425 , SL 24530

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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 26th Jul

NIFTY


Nifty spot opened at 10010.55 , made a new life time high of 10011.30 , made a low at 9949.10 , before closing at 9964.55 . Today Nifty finally broke above the magical figure of 10000 at opening though it failed to close above it .

Had mentioned that long positions for the day can be taken above 9985 and short positions for the day can be taken below 9947 . Nifty opened near our 2nd long target for the day and did not give any entry to longs and then reversed . In the previous session Nifty also triggered our weekly long trade today and with todays gap up as completed our initial 3 weekly long targets . 

Had mentioned in the previous post " Nifty now in the coming sessions needs to break and sustain above 9965 to test 10015 - 10030 levels initially and above it we can see a test of 10075 -10125 . Similarly now breaking and sustaining / closing 9865 we can see a test of 9815 - 9800 levels initially and below it we can see  a test of 9755 - 9705 levels . " , and today Nifty nearly tested our initial resistance zone of 10015 - 10030 with a high of 10011.30. Nifty now needs to break and sustain / close above the zone of 10015 - 10030 to test higher levels and being unable to do so we might see some profit booking pull it back towards 9865 levels initially .


Nifty Spot Levels for the day are

Long above 9984 for 9996 - 10009 - 10045 , SL 9959

Short below 9945 for 9933 - 9920 - 9883 , SL 9970

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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, 24 July 2017

Bank Nifty Spot Outlook for 25th Jul

BANK NIFTY


Bank Nifty spot opened at 24307.70 , made a low of 24234.65 , it made a new life time high of 24460.55 before closing at a record high of 24420.85 .


Had mentioned that long positions can be taken above 24285 and short positions can be taken below 24230 .  Bank Nifty initially triggered our long trade and completed all our daily long targets . It also confirmed our weekly long targets and completed our initial 3 weekly long targets .  


Had mentioned in the previous post " Now in the coming week Bank Nifty needs to break and sustain / close above 24335 to test 24415 - 24435 levels initially and above it we can see a further move till  24510 - 24585 . Similarly Bank Nifty on sustaining / closing below 24180 levels we can see a test of 24095 - 24075 levels initially and below it we can see a further move till 24005 - 23925 levels . Those who are holding longs should now move up their trailing cbsl further to 24075." , and today we saw Bank Nifty test our initial resistance levels and also closed within it . Now sustaining above 24435 levels in the coming sessions we can see a further move till 24510 - 24585 next . Those who are holding longs should now move up their trailing cbsl to 24280


Bank Nifty Spot Levels for the day are

Long above 24445 for 24460 
– 24475 – 24515 , SL 24415

Short below 24400 for 24385 – 24370 – 24325 , SL 24430

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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 25th Jul

NIFTY


Nifty spot opened at 9936.80 , made a low of 9919.60 , made a high at 9982.05 , before closing at 9966.40 . 

Had mentioned that long positions for the day can be taken above 9935 and short positions for the day can be taken below 9895 . Nifty triggered our long trade and missed our last daily target by 13 points . Nifty also triggered our weekly long trade today and has closed above our confirmation level .   


Had mentioned in the previous post " Nifty now in the coming sessions needs to break and sustain above 9965 to test 10015 - 10030 levels initially and above it we can see a test of 10075 -10125 . Similarly now breaking and sustaining / closing 9865 we can see a test of 9815 - 9800 levels initially and below it we can see  a test of 9755 - 9705 levels . " , and today Nifty has managed to give a close just above 9965 and holding the same we can see a test of the initial resistance levels .


Nifty Spot Levels for the day are

Long above 9985 for 9997 - 10011 - 10045 , SL 9960

Short below 9947 for 9935 - 9922 - 9885 , SL 9972

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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

Sunday, 23 July 2017

Bank Nifty Spot Outlook for 24th Jul

BANK NIFTY


Bank Nifty spot opened at 24231.40 , made a low of 24066.90 , it made a time high of 24289.30 before closing at a record high of 24257.05 .


Had mentioned that long positions can be taken above 24250 and short positions can be taken below 24175 .  Bank Nifty initially triggered our short trade and completed all our daily short targets . It then reversed and triggered our long trade and completed just 1 target . 

Had mentioned last week " Now in the coming sessions Bank Nifty needs to break and sustain / close above 24025 to test 24160 - 24190 levels initially and above it we can see a test of 24285 - 24390 levels next . Similarly Bank Nifty on breaking and sustaining / closing below 23830 levels can see a test of 23715 - 23690 levels initially and below it we can see a test of 23590 - 23485 levels next . " , and we saw Bank Nifty test 24285 - 24390 on sustaining above  24190 and make a high of 24299.60 . 

Now in the coming week Bank Nifty needs to break and sustain / close above 24335 to test 24415 - 24435 levels initially and above it we can see a further move till  24510 - 24585 . Similarly Bank Nifty on sustaining / closing below 24180 levels we can see a test of 24095 - 24075 levels initially and below it we can see a further move till 24005 - 23925 levels . Those who are holding longs should now move up their trailing cbsl further to 24075.


Bank Nifty Spot Levels for the day are

Long above 24285 for 24305 
– 24325 – 24380 , SL 24245

Short below 24230 for 24210 – 24190 – 24135 , SL 24270

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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.