Wednesday, 30 August 2017

Bank Nifty Spot Outlook for 31st Aug

BANK NIFTY


Bank Nifty spot opened at 24253.05 , made a low of 24241.30, it made a high of 24384.10,  before closing at 24308.70 .

Had mentioned that long positions for the day can be taken above 24210 and short positions for the day can be taken below 24050 . Bank Nifty triggered our long trade and completed 2 targets.

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24050 can test 23965 - 23945 and on sustaining below it we can see a further test of 23875 - 23795 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24210 we can see a test of 24290 - 24310 initially and breaking and sustaining above it we can see a further move till 24385 - 24460 next . "  , and we saw Bank Nifty make high of 24384.10 near our resistance zone of 24385 - 24460.   Now in the coming session Bank Nifty breaking and sustaining below 24240 can test 24165 - 24145 and on sustaining below it we can see a further test of 24080- 24010 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24380 we can see a test of 24455 - 24475 initially and breaking and sustaining above it we can see a further move till 24540 - 24610 next . 


Bank Nifty Spot Levels for the day are

Long above 24380 for 24425 
– 24475 – 24610 , SL 24285

Short below 24235 for 24195 – 24145 – 24010 , SL 24330

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Nifty Spot Outlook for 31st Aug

NIFTY


Nifty spot opened at 9859.50 and made a low of 9850.80 , it made a high of 9909.45, before closing at 9884.40

Had mentioned that long positions for the day can be taken above 9825 and short positions can be taken below 9770 . Nifty triggered our long trade at opening and missed our last target by 5 points .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9770 to test 9740 - 9730 initially and sustaining below it we can see a test of 9710 - 9680 . Breaking and sustaining above 9825 we can see a bounce till 9850 - 9860 initially and breaking and sustaining above it we can see a test of 9885 - 9915 " , and we saw Nifty make a high of 9909.45 on sustaining above 9825 today . Now in the coming session Nifty needs to break and sustain below 9855 to test  9830 - 9820 initially and sustaining below it we can see a test of 9795 - 9770  . Breaking and sustaining above 9915 we see a bounce till 9940 - 9950 initially and breaking and sustaining above it we can see a test of  9970 - 10000. 


Nifty Spot Levels for the day are

Long above 9915 for 9930 - 9950 - 10000 , SL 9875

Short below 9855 for 9840 - 9820 - 9770 , SL 9895

The expected expiry range is 

Upper End - 9955

Lower End - 9815

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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, 29 August 2017

Bank Nifty Spot Outlook for 30th Aug

BANK NIFTY


Bank Nifty spot opened at 24302 , made a high of 24320.95 , it made a low of 24103.30 before closing at 24128.95.

Had mentioned that long positions for the day can be taken above 24450 and short positions for the day can be taken below 24305 . Bank Nifty triggered our short trade and completed 2 targets.

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24305 can test 24230 - 24210 and on sustaining below it we can see a further test of 24140 - 24070 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24450 we can see a test of 24525 - 24545 initially and breaking and sustaining above it we can see a further move till 24615 - 24685 next . "  , and we saw Bank Nifty make low of 24103.30 within our support zone of 24140 - 24070.   Now in the coming session Bank Nifty breaking and sustaining below 24050 can test 23965 - 23945 and on sustaining below it we can see a further test of 23875 - 23795 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24210 we can see a test of 24290 - 24310 initially and breaking and sustaining above it we can see a further move till 24385 - 24460 next . 


Bank Nifty Spot Levels for the day are

Long above 24210 for 24255 
– 24310 – 24460 , SL 24105

Short below 24050 for 24005 – 23945 – 23795 , SL 24155

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Nifty Spot Outlook for 30th Aug

NIFTY


Nifty spot opened at 9886.40 and made a high of 9887.35 , it made a low of 9783.75, before closing at 9796.05

Had mentioned that long positions for the day can be taken above 9935 and short positions can be taken below 9890 . Nifty triggered our short trade and completed all targets for the day. Nifty triggered our weekly shorts but has yet to confirm it by sustaining / closing below 9780 .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9890 to test 9865 - 9855 initially and sustaining below it we can see a test of 9835 - 9810. Breaking and sustaining above 9935 we can see a bounce till 9960 - 9970 initially and breaking and sustaining above it we can see a test of 9990 - 10015 " , and we saw Nifty make a low of 9783.75 on sustaining below 9890 today . Now in the coming session Nifty needs to break and sustain below 9770 to test  9740 - 9730 initially and sustaining below it we can see a test of 9710 - 9680  . Breaking and sustaining above 9825 we see a bounce till 9850 - 9860 initially and breaking and sustaining above it we can see a test of  9885 - 9915. 


Nifty Spot Levels for the day are

Long above 9825 for 9840 - 9860 - 9915 , SL 9790

Short below 9770 for 9750- 9730 - 9680 , SL 9805

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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.

Bank Nifty Spot Outlook for 29th Aug

BANK NIFTY


Bank Nifty spot opened at 24351.25 , made a low of 24301.35 , it made a high of 24422.45 before closing at 24377.10 .

Had mentioned that long positions for the day can be taken above 24355 and short positions for the day can be taken below 24195 . Bank Nifty triggered our long trade and completed just 1 target . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24195 can test 24110 - 24090 and on sustaining below it we can see a further test of 24020 - 23940 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24355 we can see a test of 24435 - 24460 initially and breaking and sustaining above it we can see a further move till 24530 - 24610 next . "  , and we saw Bank Nifty make high of 24422.45 just below 24435 on sustaining above 24355 .  Now in the coming session Bank Nifty breaking and sustaining below 24305 can test 24230 - 24210 and on sustaining below it we can see a further test of 24140 - 24070 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24450 we can see a test of 24525 - 24545 initially and breaking and sustaining above it we can see a further move till 24615 - 24685 next . 


Bank Nifty Spot Levels for the day are

Long above 24450 for 24495 
– 24545 – 24685 , SL 24355

Short below 24305 for 24260 – 24210 – 24070 , SL 24400

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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 29th Aug

NIFTY


Nifty spot opened at 9907.15 and made a low of 9882 , it made a high of 9925.75, before closing at 9912.80

Had mentioned that long positions for the day can be taken above 9885 and short positions can be taken below 9830 . Nifty triggered our long trade and completed 2 targets for the day. Nifty triggered our weekly longs but has yet to confirm it by sustaining / closing above 9935 . .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9830 to test 9800 - 9790 initially and sustaining below it we can see a test of 9765 - 9735. Breaking and sustaining above 9885 we can see a bounce till 9915 - 9925 initially and breaking and sustaining above it we can see a test of 9950 - 9980 " , and we saw Nifty make a high of 9925.75 on sustaining above 9885 today . Now in the coming session Nifty needs to break and sustain below 9890 to test  9865 - 9855 initially and sustaining below it we can see a test of 9835 - 9810  . Breaking and sustaining above 9935 we see a bounce till 9960 - 9970 initially and breaking and sustaining above it we can see a test of  9990 - 10015. 


Nifty Spot Levels for the day are

Long above 9935 for 9950 - 9970 - 10015 , SL 9905

Short below 9890 for 9875 - 9855 - 9810 , 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.

Sunday, 27 August 2017

Bank Nifty Spot Outlook for 28th Aug

BANK NIFTY


Bank Nifty spot opened at 24374.75 , made a low of 24224.85 , it made a high of 24411.05before closing at 24274.20.

Had mentioned that long positions for the day can be taken above 24400 and short positions for the day can be taken below 24235 . Bank Nifty initially triggered our intraday short trade and reversed immediately to take our SL . It then triggered our long trade towards the end but again did not complete any target and took our SL . Bank Nifty had triggered our weekly long trade in the previous session and completed 3 targets with the high for the day. 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24235 can test 24150 - 24130 and on sustaining below it we can see a further test of 24055 - 23975 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24400 we can see a test of 24485 - 24505 initially and breaking and sustaining above it we can see a further move till 24580 - 24660 next . "  , and we saw Bank Nifty break both 24235 and 24400 but failed to sustain in either direction for the day .  Now in the coming session Bank Nifty breaking and sustaining below 24195 can test 24110 - 24090 and on sustaining below it we can see a further test of 24020 - 23940 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24355 we can see a test of 24435 - 24460 initially and breaking and sustaining above it we can see a further move till 24530 - 24610 next . 


Bank Nifty Spot Levels for the day are

Long above 24355 for 24405 
– 24460 – 24610 , SL 24250

Short below 24195 for 24145 – 24090 – 23940 , SL 24300

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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 Aug

NIFTY


Nifty spot opened at 9881.20 and made a high of 9881.50 , it made a low of 9848.85, before closing at 9857.05

Had mentioned that long positions for the day can be taken above 9885 and short positions can be taken below 9825 . Nifty traded between our long and short trigger levels of 9825 - 9885 the entire day giving no opportunity to take a trade . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9825 to test 9795 - 9785 initially and sustaining below it we can see a test of 9755 - 9725. Breaking and sustaining above 9885 we can see a bounce till 9915 - 9925 initially and breaking and sustaining above it we can see a test of 9950 - 9980 " , and we saw Nifty trade in a narrow range between 9825 - 9885 the entire session giving no trade.  Now in the coming session Nifty needs to break and sustain below 9830 to test  9800 - 9790 initially and sustaining below it we can see a test of 9765 - 9735  . Breaking and sustaining above 9885 we see a bounce till 9915 - 9925 initially and breaking and sustaining above it we can see a test of  9950 - 9980 . 


Nifty Spot Levels for the day are

Long above 9885 for 9905 - 9925 - 9980 , SL 9845

Short below 9830 for 9810 - 9790 - 9735 , SL 9865

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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.

Friday, 25 August 2017

Weekly Spot Outlook of Bank Nifty for 28th Aug to 01st Sep

BANK NIFTY

This week Bank Nifty spot went down 222 points over last weeks close and went up by 336 points and finally ended the week with a gain of 200 points compared to last weekly closing . 


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 24275 to confirm uptrend and Bank Nifty spot needed to break and sustain below 23875 to confirm downtrend for the week. Bank Nifty made a high of 24411.05 and a low of 23852.65 for the week .


Bank Nifty triggered our weekly short trade initially but could not sustain below it and reversed taking our TSL . Bank Nifty then triggered our weekly long trade and completed 3 weekly long targets giving around 200 points . Had mentioned in the previous weekly post "  Now in the coming week Bank Nifty needs to break and sustain / close above 24275 for a test of 24485 - 24535 initially and above it we can see a further move till 24715 - 24915 . Similarly on sustaining / closing below 23875 we can see a test of 23665 - 23615 initially and further below it we can see a test of 23435 - 23235 .Those who are holding longs should now move their cbsl to 23875 from the cbsl of 23815 given last week and those who have entered fresh shorts in the up move should keep a cbsl of 24275 for their positions .  " , and Bank Nifty made a high of 24411.05 holding the cbsl of longs at 23875 . 


Now in the coming week Bank Nifty needs to break and sustain / close above 24485 for a test of 24705 - 24760 initially and above it we can see a further move till 24950 - 25155 . Similarly on sustaining / closing below 24065 we can see a test of 23845 - 23790 initially and further below it we can see a test of 23600 - 23390 . Those who are holding longs should now move their cbsl to 24065 from the cbsl of 23875 given last week and those who have entered fresh shorts in the up move till 24400 should keep a cbsl of 24485 for their positions . 


Bank Nifty Spot Levels for the week are

Long above 24405 , Tgt 24485 - 24550 - 24615

IF Bank Nifty spot manages to get a close / sustain above 24705 then 

long again for 24760 - 24950 - 25155

Short below 24145 , Tgt 24065 - 24000 - 23935

IF Bank Nifty spot manages to get a close / sustain below 23845 then 

short again for 23790 - 23600 - 23390


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 28th Aug to 01st Sep

NIFTY

This week Nifty spot went up 47 points over last weeks close and went down by 97 points before finally ending the week with a gain of 20 points compared to last weekly closing.


As per levels given for the previous week Nifty Spot needed to break and sustain above 9910 to confirm uptrend and Nifty spot needed to break and sustain below 9765 to confirm downtrend for the week. Nifty made a high of 9884.35 and a low of 9740.10 for the week.


Nifty made a high of 9884.35 just near our weekly long trigger of 9885 and reversed to trigger our weekly short trade on Monday but could not complete more than 1 target and took our TSL. Post that Nifty traded within our long and short trigger range the entire week . In the previous week had mentioned that " Now in the coming sessions Nifty needs to break and sustain above 9910 to test 9990 - 10010 initially and above it we can see a test of 10075 - 10150 . Breaking and sustaining below 9765 we can see a test of 9685 - 9665 initially and below it we can see a test of 9600 - 9530 . Those who are still long should move up their cbsl to 9765 from 9655 given in the previous week and those who have entered fresh shorts this week should keep a cbsl of 9915 now "  , and we saw Nifty make a low of 9740.10 on breaking below 9765 and reverse immediately . The cbsl for longs was taken on Monday with a close of 9754.35 and cbsl for shorts is still active.

Now in the coming week Nifty needs to break and sustain above 9935 to test 10010 - 10030 initially and above it we can see a test of 10100 - 10175. Breaking and sustaining below 9780 we can see a test of 9705 - 9685 initially and below it we can see a test of 9615 - 9540. Those who are short should keep a strict cbsl of 9935 now . Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 9935 or use a dip till 9800 to go long with a strict cbsl of 9765 again .


Nifty Spot Levels for the week are

Long above 9905 , Tgt  9935 - 9955 - 9980

IF Nifty spot manages to get a close / sustain above 10010 then ,

long again for 10030 - 10100 - 10175

Short below 9810 , Tgt 9780 - 9760 - 9735

IF Nifty spot manages to get a close / sustain below 9705 then, 

short again for 9685 - 9615 - 9540


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.

Wednesday, 23 August 2017

Bank Nifty Spot Outlook for 24th Aug

BANK NIFTY


Bank Nifty spot opened at 24084.95 , made a low of 24074.15 , it made a high of 24350 before closing at 24316.80.

Had mentioned that long positions for the day can be taken above 24045 and short positions for the day can be taken below 23905 . Bank Nifty triggered our long trade and completed all daily targets giving 220 points . Bank Nifty also triggered our weekly long trade and completed 2 targets . Those who followed both levels would have got 300 points from the long trade . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 23905 can test 23835 - 23815 and on sustaining below it we can see a further test of 23755 - 23685 next Similarly in the coming session Bank Nifty breaking and sustaining above 24045 we can see a test of 24115 - 24135 initially and breaking and sustaining above it we can see a further move till 24195 - 24265 next . Once all daily targets get achieved then we should follow the weekly levels given for further targets "  , and we saw Bank Nifty make a high of 24350 completing 2 weekly long targets after completing all our daily long targets .   Now in the coming session Bank Nifty breaking and sustaining below 24235 can test 24150 - 24130 and on sustaining below it we can see a further test of 24055 - 23975 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24400 we can see a test of 24485 - 24505 initially and breaking and sustaining above it we can see a further move till 24580 - 24660 next . 


Bank Nifty Spot Levels for the day are

Long above 24400 for 24450 
– 24505 – 24660 , SL 24290

Short below 24235 for 24185 – 24130 – 23975 , SL 24345

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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 24th Aug

NIFTY


Nifty spot opened at 9803.05 and made a low of 9786.75 , it made a high of 9857.90, before closing at 9852.50

Had mentioned that long positions for the day can be taken above 9795 and short positions can be taken below 9740 . Nifty triggered our long trade and completed 2 targets giving 40+ points . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9740 to test 9710 - 9700 initially and sustaining below it we can see a test of 9675 - 9650. Breaking and sustaining above 9795 we can see a bounce till 9825 - 9835 initially and breaking and sustaining above it we can see a test of 9855 - 9885 " , and we saw Nifty make a high of 9857.90  just testing our next resistance zone and also closed above 9850 . Now in the coming session Nifty needs to break and sustain below 9825 to test  9795 - 9785 initially and sustaining below it we can see a test of 9755 - 9725  . Breaking and sustaining above 9885 we see a bounce till 9915 - 9925 initially and breaking and sustaining above it we can see a test of  9950 - 9980 . 


Nifty Spot Levels for the day are

Long above 9885  for 9905 - 9925 - 9980 , SL 9845

Short below 9825 for 9805 - 9785 - 9725 , SL 9865

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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, 22 August 2017

Bank Nifty Spot Outlook for 23rd Aug

BANK NIFTY


Bank Nifty spot opened at 24080.60 , made a high of 24127.45 , it made a low of 23852.65 before closing at 23974.45.

Had mentioned that long positions for the day can be taken above 24010 and short positions for the day can be taken below 23865 . Bank Nifty triggered our long trade initially and completed 2 targets and took our TSL . It then triggered our short trade but did not complete any targets  . Bank Nifty has traded in a narrower range today and we should get a bigger move in the coming session.

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 23865 can test 23790 - 23770 and on sustaining below it we can see a further test of 23705 - 23635 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24010 we can see a test of 24085 - 24105 initially and breaking and sustaining above it we can see a further move till 24165 - 24240 next . "  , and we saw Bank Nifty make a high of 24127.45 just above our first resistance and reversed to make a low of 23852.65 just below our shorting level and reversed immediately .  Now in the coming session Bank Nifty breaking and sustaining below 23905 can test 23835 - 23815 and on sustaining below it we can see a further test of 23755 - 23685 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24045 we can see a test of 24115 - 24135 initially and breaking and sustaining above it we can see a further move till 24195 - 24265 next .Once all daily targets get achieved then we should follow the weekly levels given for further targets. 


Bank Nifty Spot Levels for the day are

Long above 24045 for 24085 
– 24135 – 24265 , SL 23955

Short below 23905 for 23865 – 23815 – 23685 , SL 23995

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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.