Thursday, 28 September 2017

Bank Nifty Spot Outlook for 29th Sep

BANK NIFTY


Bank Nifty spot opened at 23804.05 ,made a low of 23611.10 , it made a low of 24074.20,  before closing at 24008.15  

Had mentioned that long positions for the day can be taken above 23885 and short positions for the day can be taken below 23740 . Bank Nifty triggered our short trade initially and completed 2 targets giving nearly 100 points . It then reversed and triggered our long trade and again completed 2 targets giving another 100 points from the long trade . Bank Nifty had also triggered our weekly short trade on Monday and today completed all our weekly short targets at 23630 with a low of 23611.10 giving 630 points from the weekly short trade .  

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 23740 can test 23670 - 23650 and on sustaining below it we can see a further test of 23585 - 23515 next Similarly in the coming session Bank Nifty breaking and sustaining above 23885 we can see a test of 23960 - 23980 initially and breaking and sustaining above it we can see a further move till 24040 - 24110 next . "  , and we saw Bank Nifty initially make a low of 23611.10 on sustaining below 23740 and then  take support above 23585 - 23515 zone and reverse to make a high of 24074.20 within our next resistance zone of 24040 - 24110 for the day .  Now in the coming session Bank Nifty breaking and sustaining below 23930 can test 23840- 23820 and on sustaining below it we can see a further test of 23750 - 23670 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24090 we can see a test of 24175 - 24195 initially and breaking and sustaining above it we can see a further move till 24270 - 24350 next . 


Bank Nifty Spot Levels for the day are

Long above 24090 for 24140 
– 24195 – 24350 , SL 23985

Short below 23930 for 23880 – 23820 – 23670 , SL 24035

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Nifty Spot Outlook for 29th Sep

NIFTY


Nifty spot opened at 9736.40 and made a low of 9687.55 , it made a high of 9789.20, before closing at 9768.95.

Had mentioned that long positions for the day can be taken above 9765 and short positions can be taken below 9710 . Nifty initially triggered our daily short trade and completed just 1 target . It then took our trailing stoploss and triggered our long trade and completed just 1 target again .  Nifty had also triggered our weekly shorts on Monday below 9925 and today completed our last weekly short target at 9690 with a low of 9687.55 before reversing , giving 225 points from the weekly short trade . As mentioned in the previous post "Further correction can be expected on sustaining / closing below 9815 as per weekly levels " and we were expecting a test of 9690 below 9815 and we achieved it today . Also as mentioned in the previous post " Now for further correction Nifty needs to break and sustain / close below 9690 for a test of 9615 - 9575 . Holding 9690 we can see a test of 9770 - 9830 initially." , and we saw Nifty reverse from near 9690 and make a high of 9789.20 , testing our range of 9770 - 9830 .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9710 to test 9685 - 9675 initially and sustaining below it we can see a test of 9650 - 9625 . Breaking and sustaining above 9765 we can see a bounce till 9790 - 9800 initially and breaking and sustaining above it we can see a test of 9820 9845 . " , and we saw Nifty make a low of 9687.55 and holding 9685 - 9675 reverse and make a high of 9789.20 just a point short of 9790 - 9800 zone .  Now in the coming session Nifty needs to break and sustain below 9740 to test  9715 - 9705 initially and sustaining below it we can see a test of 9680 - 9655  . 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


Nifty Spot Levels for the day are

Long above 9795 for 9815 - 9835 - 9885 , SL 9760

Short below 9740 for 9725 - 9705 - 9655 , SL 9780

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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, 27 September 2017

Bank Nifty Spot Outlook for 28th Sep

BANK NIFTY


Bank Nifty spot opened at 24308.70 ,made a high of 24331.95 , it made a low of 23766.60,  before closing at 23812.95  

Had mentioned that long positions for the day can be taken above 24265 and short positions for the day can be taken below 24135 . Bank Nifty triggered our long trade by opening above our 1st target and reversed to take our stoploss . Bank Nifty then triggered our short trade for the day and completed all short targets for the day giving 210 points. Bank Nifty had also triggered our weekly short trade on Monday and today came close to taking our stoploss and completed 5 weekly short targets giving 450+ points . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24135 can test 24065 - 24050 and on sustaining below it we can see a further test of 23990 - 23925 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24265 we can see a test of 24335 - 24350 initially and breaking and sustaining above it we can see a further move till 24410 - 24475 next . "  , and we saw Bank Nifty initially make a high of 24331.95 on sustaining after opening above 24265 near our initial resistance zone of 24335 - 24350 and reversed to make a low of 23766.60 on sustaining below 24135 as it also sustained below our weekly level of 23965 for further correction  . Now in the coming session Bank Nifty breaking and sustaining below 23740 can test 23670- 23650 and on sustaining below it we can see a further test of 23585 - 23515 next. Similarly in the coming session Bank Nifty breaking and sustaining above 23885 we can see a test of 23960 - 23980 initially and breaking and sustaining above it we can see a further move till 24040 - 24110 next . 


Bank Nifty Spot Levels for the day are

Long above 23885 for 23930 
– 23980 – 24110 , SL 23790

Short below 23740 for 23700 – 23650 – 23515 , SL 23835

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Nifty Spot Outlook for 28th Sep

NIFTY


Nifty spot opened at 9920.60 and made a high of 9921.05 , it made a low of 9714.40, before closing at 9735.70 .

Had mentioned that long positions for the day can be taken above 9895 and short positions can be taken below 9850 . Nifty triggered our daily long trade by opening near our 2nd long target and did not give a good entry and took the stoploss for longs . Nifty then triggered our short trade for the day and completed all short targets giving 75 points . Nifty had also triggered our weekly shorts on Monday below 9925 and today again reversed from there after the gap up opening and completed our 5th weekly short targets giving 150 points . As mentioned in the previous post "Further correction can be expected on sustaining / closing below 9815 as per weekly levels " and today Nifty corrected another 100 points on sustaining below it . We were expecting a test of 9690 below it and we came close to it by making a low o 9714.40 today . Now for further correction Nifty needs to break and sustain / close below 9690 for a test of 9615 - 9575 . Holding 9690 we can see a test of 9770 - 9830 initially.

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9850 to test 9825 - 9820 initially and sustaining below it we can see a test of 9800 - 9775 . Breaking and sustaining above 9895 we can see a bounce till 9920 - 9925 initially and breaking and sustaining above it we can see a test of 9945 9970 . " , and we saw Nifty make a low of 9714.40 on sustaining below 9850 today as below 9815 our further shorts for the week got confirmed .  Now in the coming session Nifty needs to break and sustain below 9710 to test  9685 - 9675 initially and sustaining below it we can see a test of 9650 - 9625  . Breaking and sustaining above 9765 we can see a bounce till 9790 - 9800 initially and breaking and sustaining above it we can see a test of  9820 - 9845


Nifty Spot Levels for the day are

Long above 9765 for 9780 - 9800 - 9845 , SL 9725

Short below 9710 for 9695 - 9675 - 9625 , SL 9745

Expiry Range for September series is 

Upper End - 9805

Lower End - 9665

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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, 26 September 2017

Bank Nifty Spot Outlook for 27th Sep

BANK NIFTY


Bank Nifty spot opened at 24105.60 ,made a low of 24017.40 , it made a high of 24236.95,  before closing at 24199.15  

Had mentioned that long positions for the day can be taken above 24230 and short positions for the day can be taken below 24100 . Bank Nifty triggered our short trade and completed 2 short targets for the day giving 80 points. Bank Nifty had also triggered our weekly short trade on Monday and completed our initial 3 weekly short targets . Further correction can be expected in the coming sessions on sustaining / closing below 23965 . Holding the same we can see a move till 24350 - 24400 .

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24100 can test 24030 - 24015 and on sustaining below it we can see a further test of 23955 - 23890 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24230 we can see a test of 24300 - 24315 initially and breaking and sustaining above it we can see a further move till 24375 - 24440 next . "  , and we saw Bank Nifty make a low of 24017.40 on sustaining below 24100  . Now in the coming session Bank Nifty breaking and sustaining below 24135 can test 24065- 24050 and on sustaining below it we can see a further test of 23990 - 23925 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24265 we can see a test of 24335 - 24350 initially and breaking and sustaining above it we can see a further move till 24410 - 24475 next . 


Bank Nifty Spot Levels for the day are

Long above 24265 for 24305 
– 24350 – 24475 , SL 24180

Short below 24135 for 24095 – 24050 – 23925 , SL 24220

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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 Sep

NIFTY


Nifty spot opened at 9875.25 and made a low of 9813 , it made a high of 9891.35, before closing at 9871.50 .

Had mentioned that long positions for the day can be taken above 9895 and short positions can be taken below 9850 . Nifty triggered our daily short trade and completed 2 short targets giving 30 points . Nifty had also triggered our weekly shorts on Monday and completed 4 weekly short targets giving 100 points . As mentioned in the previous post "Further correction can be expected on sustaining / closing below 9815 as per weekly levels " and Nifty again took support near it today . Also as mentioned in the previous post " The broader range for a bigger move to come is 10040 - 10180 and breaking and sustaining beyond this range is required for a better move " , and we saw Nifty correct by nearly 200 points on breaking and sustaining below 10040 and now it needs to sustain / close below 9815 for further correction till 9690 . Holding the same we can see a move till 9960  - 10040 . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9850 to test 9825 - 9820 initially and sustaining below it we can see a test of 9800 - 9775 . Breaking and sustaining above 9895 we can see a bounce till 9920 - 9925 initially and breaking and sustaining above it we can see a test of 9945 9970 . " , and we saw Nifty make a low of 9813 on sustaining below 9850 today .  Now in the coming session Nifty needs to break and sustain below 9850 to test  9825 - 9820 initially and sustaining below it we can see a test of 9800 - 9775  . Breaking and sustaining above 9895 we can see a bounce till 9920 - 9925 initially and breaking and sustaining above it we can see a test of  9945 - 9970


Nifty Spot Levels for the day are

Long above 9895 for 9910 - 9925 - 9970 , SL 9865

Short below 9850 for 9835 - 9820 - 9775 , SL 9880

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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, 25 September 2017

Bank Nifty Spot Outlook for 26th Sep

BANK NIFTY


Bank Nifty spot opened at 24361.55 ,made a high of 24363.80 , it made a low of 24015.45,  before closing at 24165.05  

Had mentioned that long positions for the day can be taken above 24435 and short positions for the day can be taken below 24305 . Bank Nifty triggered our short trade and completed all our short targets for the day giving nearly 300 points. Bank Nifty also triggered our weekly short trade and completed our initial 3 weekly short targets . Further correction can be expected in the coming sessions on sustaining / closing below 23965 . Holding the same we can see a move till 24350 - 24400 .

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24305 can test 24235 - 24215 and on sustaining below it we can see a further test of 24155 - 24090 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24435 we can see a test of 24505 - 24525 initially and breaking and sustaining above it we can see a further move till 24585 - 24650 next . "  , and we saw Bank Nifty make a low of 24015.45 as it triggered our weekly short trade also on sustaining below 24195  . Now in the coming session Bank Nifty breaking and sustaining below 24100 can test 24030- 24015 and on sustaining below it we can see a further test of 23955 - 23890 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24230 we can see a test of 24300 - 24315 initially and breaking and sustaining above it we can see a further move till 24375 - 24440 next . 


Bank Nifty Spot Levels for the day are

Long above 24230 for 24270 
– 24315 – 24440 , SL 24145

Short below 24100 for 24060 – 24015 – 23890 , SL 24185

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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 Sep

NIFTY


Nifty spot opened at 9960.10 and made a high of 9960.50 , it made a low of 9816.05, before closing at 9872.60 .

Had mentioned that long positions for the day can be taken above 9990 and short positions can be taken below 9940 . Nifty triggered our daily short trade and completed all our daily short targets giving 80 points . Nifty also triggered our weekly shorts and completed 4 weekly short targets giving 100 points . Further correction can be expected on sustaining / closing below 9815 as per weekly levels and Nifty took support near it today . Also as mentioned in the previous post " The broader range for a bigger move to come is 10040 - 10180 and breaking and sustaining beyond this range is required for a better move " , and we saw Nifty correct by nearly 200 points on breaking and sustaining below 10040 and now it needs to sustain / close below 9815 for further correction till 9690 . Holding the same we can see a move till 10000 - 10040 . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9940 to test 9915 - 9900 initially and sustaining below it we can see a test of 9885 - 9860 . Breaking and sustaining above 9990 we can see a bounce till 10015 - 10020 initially and breaking and sustaining above it we can see a test of 10045 10070 . " , and we saw Nifty make a low of 9816.05 on sustaining below 9940 as even our weekly shorts got confirmed on sustaining below 9900 .  Now in the coming session Nifty needs to break and sustain below 9850 to test  9825 - 9820 initially and sustaining below it we can see a test of 9800 - 9775  . Breaking and sustaining above 9895 we can see a bounce till 9920 - 9925 initially and breaking and sustaining above it we can see a test of  9945 - 9970


Nifty Spot Levels for the day are

Long above 9895 for 9910 - 9925 - 9970 , SL 9865

Short below 9850 for 9835 - 9820 - 9775 , SL 9880

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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, 24 September 2017

Bank Nifty Spot Outlook for 25th Sep

BANK NIFTY


Bank Nifty spot opened at 24704.55 ,made a high of 24709.70 , it made a low of 24340,  before closing at 24368.85  

Had mentioned that long positions for the day can be taken above 24855 and short positions for the day can be taken below 24745 . Bank Nifty triggered our short trade and completed all our short targets for the day . Bank Nifty also triggered our weekly short trade and completed all our weekly short targets too giving around 380 points from the weekly short trade . Bank Nifty had triggered our weekly long trade earlier in the week and had completed 4 weekly long targets . For the upmove to continue Bank Nifty needed to sustain / close above 25085 which it failed to do after breaking above it in 3 consecutive sessions . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24745 can test 24690 - 24675 and on sustaining below it we can see a further test of 24630 - 24575 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24855 we can see a test of 24910 - 24920 initially and breaking and sustaining above it we can see a further move till 24970 - 25025 next . "  , and we saw Bank Nifty make a low of 24340 as it triggered our weekly short trade also on sustaining below 24740  . Now in the coming session Bank Nifty breaking and sustaining below 24305 can test 24235- 24215 and on sustaining below it we can see a further test of 24155 - 24090 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24435 we can see a test of 24505 - 24525 initially and breaking and sustaining above it we can see a further move till 24585 - 24650 next . 


Bank Nifty Spot Levels for the day are

Long above 24435 for 24475 
– 24525 – 24650 , SL 24345

Short below 24305 for 24260 – 24215 – 24090 , SL 24390

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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 Sep

NIFTY


Nifty spot opened at 10094.35 and made a high of 10095.05 , it made a low of 9952.80, before closing at 9964.40 .

Had mentioned that long positions for the day can be taken above 10140 and short positions can be taken below 10105 . Nifty triggered our daily short trade and completed all our daily short targets . Nifty then triggered our weekly shorts and completed 5 weekly short targets giving 100 points . Nifty had initially triggered our weekly long trade and completed 4 targets on the long side and had mentioned  " Further upmove can be expected on sustaining above 10175 for the week." , and Nifty had failed to close sustain close above 10175 after coming close to it 3 times . We were expect this narrow range of 10130 - 10180 to be broken and sustained , and it had broken it on the downside in the previous session . Also as mentioned in the previous post " The broader range for a bigger move to come is 10040 - 10180 and breaking and sustaining beyond this range is required for a better move " , and we saw Nifty correct by nearly 90 points on breaking and sustaining below 10040 and as long as it sustains below it this week can expect some more correction .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10105 to test 10090 - 10085 initially and sustaining below it we can see a test of 10070 - 10055 . Breaking and sustaining above 10140 we can see a bounce till 10155 - 10160 initially and breaking and sustaining above it we can see a test of 10170 10185 . " , and we saw Nifty make a low of 9952.80 on sustaining below 10105 as even our weekly shorts got confirmed on sustaining below 10045 .  Now in the coming session Nifty needs to break and sustain below 9940 to test  9915 - 9900 initially and sustaining below it we can see a test of 9885 - 9860  . Breaking and sustaining above 9990 we can see a bounce till 10015 - 10020 initially and breaking and sustaining above it we can see a test of  10045 - 10070


Nifty Spot Levels for the day are

Long above 9990 for 10005 - 10020 - 10070 , SL 9955

Short below 9940 for 9925 - 9910 - 9860 , SL 9975

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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, 23 September 2017

Weekly Spot Outlook of Bank Nifty for 25th to 29th Sep

BANK NIFTY

This week Bank Nifty spot went up 261 points over last weeks close and went down by 504 points before finally ending the week with a loss of 475 points compared to last weekly closing . 


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 24950 to confirm uptrend and Bank Nifty spot needed to break and sustain below 24740 to confirm downtrend for the week. Bank Nifty made a high of 25105.35 and a low of 24340 for the week . Bank Nifty came close to its all time high this week but failed to break it . 


Bank Nifty initially triggered our weekly long trade and completed 4 weekly long targets giving 175+ points from it . For further upmove it had to sustain / close above 25085 which it crossed but failed to sustain / close and reversed . Bank Nifty then triggered our weekly short trade and completed all our weekly short targets giving 350+ points . Had mentioned in the previous weekly post "  Now in the coming week Bank Nifty needs to break and sustain / close above 24950 for a test of 25055 - 25085 initially and above it we can see a further move till 25180 - 25280. Similarly on sustaining / closing below 24740 we can see a test of 24630 - 24605 initially and further below it we can see a test of 24510 - 24410 .Those who are holding longs should move up their cbsl to 24700 from 24230 mentioned last week " , and Bank Nifty made a high of 25105.35 just above our initial resistance zone and made a low of 24340 below our next support zone .


Now in the coming week Bank Nifty needs to break and sustain / close above 24545 for a test of 24730 - 24775 initially and above it we can see a further move till 24935 - 25110 . Similarly on sustaining / closing below 24195 we can see a test of 24010 - 23965 initially and further below it we can see a test of 23805 - 23630 . Those who have entered shorts near 25050 when Bank Nifty was unable to close above 25085 and still holding should keep a trailing cbsl of 24550 .

Bank Nifty Spot Levels for the week are

Long above 24475 , Tgt 24545 - 24600 - 24650

IF Bank Nifty spot manages to get a close / sustain above 24730 then 

long again for 24775 - 24935 - 25110

Short below 24260 , Tgt 24195 - 24140 - 24090

IF Bank Nifty spot manages to get a close / sustain below 24010 then 

short again for 23965 - 23805 - 23630


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 25th to 29th Sep

NIFTY

This week Nifty spot went up 94 points over last weeks close and then went down by 133 points before finally ending the week with a loss of 121 points compared to last weekly closing.


As per levels given for the previous week Nifty Spot needed to break and sustain above 10125 to confirm uptrend and Nifty spot needed to break and sustain below 10045 to confirm downtrend for the week. Nifty made a high of 10178.95 and a low of 9952.80 for the week. Nifty came close to breaking its all time high multiple times but failed to do so. 


Nifty triggered our weekly long trade and completed 4 long targets giving 65 points . For further upmove Nifty needed to sustain / close above 10175 which did not happen inspite of it coming close to it on 3 consecutive days . Nifty then reversed to trigger our weekly short trade and completed 5 short targets giving around 90 points from the weekly short trade . In the previous week had mentioned that " Now in the coming sessions Nifty needs to break and sustain above 10125 to test 10165 - 10175 initially and above it we can see a test of 10210 - 10250 . Breaking and sustaining below 10045 we can see a test of 10005 - 9995 initially and below it we can see a test of 9960 - 9925 . Those who are long should now move up their cbsl to 10035 from 9870 mentioned last week ." , and we saw Nifty make a high of 10178.95 just above our initial resistance level of 10165 - 10175 , and then being unable to sustain above it reversed made a low of 9952 with our next support zone of 9960 - 9925 and also close well below 10000 . 


Now in the coming week Nifty needs to break and sustain above 10030 to test 10100 - 10115 initially and above it we can see a test of 10175 - 10240 . Breaking and sustaining below 9900 we can see a test of 9830 - 9815 initially and below it we can see a test of 9755 - 9690. Those who took short positions near 10170 should keep a trailing stoploss of 10030 now .


Nifty Spot Levels for the week are

Long above 10005 , Tgt  10030 - 10050 - 10070

IF Nifty spot manages to get a close / sustain above 10100 then ,

long again for 10115 - 10175 - 10240

Short below 9925 , Tgt 9900 - 9880 - 9860

IF Nifty spot manages to get a close / sustain below 9830 then, 

short again for 9815 - 9755 - 9690


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.