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

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.