Monday, 17 July 2017

Nifty Spot Outlook for 18th Jul


Nifty spot opened at 9908.15 , made a low of 9894.70 , then made a new life time high at 9928.20 , before closing at 9915.95 which is a record high closing and also above 9900 for the first time .

Had mentioned that long positions for the day can be taken above 9900 and short positions for the day can be taken below 9872 . Nifty triggered our long trade and completed 2 targets for the day .  

Nifty now in the coming sessions needs to break and sustain / close above 9925 to test 9965 - 9975 levels initially and above it we can see a test of 10010 - 10045 levels . Similarly now breaking and sustaining / closing below 9849 we can see a test of 9810 - 9800 initially and below it we can see a test of 9765 - 9730 levels  . Those who are holding longs should now move up their trailing cbsl to 9845 . Today Nifty broke above 9925 but could not sustain above it and we should see another attempt as long as we are holding above 9900 . 

Nifty Spot Levels for the day are

Long above 9929 for 9938 - 9947 - 9973 , SL 9912

Short below 9903 for 9894 - 9885 - 9859 , SL 9920

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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

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