Tuesday, 31 October 2017

Bank Nifty Spot Outlook for 01st Nov

BANK NIFTY


Bank Nifty spot opened at 25042.10 ,made a high of 25078.65 ,  it made a low of 24948.10,   before closing at 25019.35 . 

Had mentioned that long positions can be taken above 25115 for the day and short positions can be taken below 24865 .  Bank Nifty traded in a narrow range for the day between our long and short trigger zone  . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24865  can test 24730 - 24700 and on sustaining below it we can see a further test of 24585 - 24460 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25115 we can see a test of 25245 - 25280 initially and breaking and sustaining above it we can see a further move till 25395 - 25520 next . " , and today Bank Nifty consolidated the entire session between our long and short trigger zone .


Now in the coming session Bank Nifty breaking and sustaining below 24895 can test 24760 - 24730 and on sustaining below it we can see a further correction till 24615 - 24490 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25145 we can see a test of 25275 - 25310 initially and breaking and sustaining above it we can see a further move till 25425 - 25550 next . 


Bank Nifty Spot Levels for the day are

Long above 25145 for 25220 
– 25310 – 25550 , SL 24980

Short below 24895 for 24820 – 24730 – 24490 , SL 25060

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Nifty Spot Outlook for 01st Nov

NIFTY


Nifty spot opened at 10364.90 and made a high of 10367.70 , it made a low of 10323.95, before closing at 10335.30 . 

Had mentioned that long positions for the day can be taken above 10380 and short positions can be taken below 10345.  Nifty triggered our short trade and completed 2  targets for the day . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10345 to test  10330 - 10325 initially and sustaining below it we can see a further correction till 10310 - 10295  . Similarly breaking and sustaining above 10380 we can see a bounce till 10400 - 10405 initially and breaking and sustaining above it we can see a further move till 10420 - 10435" , and today we saw Nifty make a low of 10323.95 near our initial support zone for the day  .  

Now in the coming session Nifty needs to break and sustain below 10315 to test 10300 - 10295 initially and sustaining below it we can see a further correction till 10280 - 10260. Similarly breaking and sustaining above 10355 we can see a test of 10370 - 10375 initially and sustaining above it we can a further move till 10390 - 10410 . 


Nifty Spot Levels for the day are

Long above 10355 for 10365 - 10375 - 10410 , SL 10330

Short below 10315 for 10305 - 10295 - 10260 , SL 10340

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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, 30 October 2017

Bank Nifty Spot Outlook for 31st Oct

BANK NIFTY


Bank Nifty spot opened at 24873.65 ,made a low of 24808.55 ,  it made a high of 25064.85,   before closing at 24988.55 . 

Had mentioned that long positions can be taken above 24965 for the day and short positions can be taken below 24715 .  Bank Nifty triggered our long trade and completed just 1 target for the day . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24715  can test 24585 - 24550 and on sustaining below it we can see a further test of 24440 - 24315 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24965 we can see a test of 25095 - 25125 initially and breaking and sustaining above it we can see a further move till 25240 - 25365 next . " , and today Bank Nifty made a high of 25064.85 well below our initial resistance zone of 25095 - 25125 . 


Now in the coming session Bank Nifty breaking and sustaining below 24865 can test 24730 - 24700 and on sustaining below it we can see a further correction till 24585 - 24460 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25115 we can see a test of 25245 - 25280 initially and breaking and sustaining above it we can see a further move till 25395 - 25520 next . 


Bank Nifty Spot Levels for the day are

Long above 25115 for 25190 
– 25280 – 25520 , SL 24950

Short below 24865 for 24785 – 24700 – 24460 , SL 25030

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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 31st Oct

NIFTY


Nifty spot opened at 10353.85 and made a low of 10344.30 , it made a high of 10384.50, before closing at 10363.65 . 

Had mentioned that long positions for the day can be taken above 10340 and short positions can be taken below 10305.  Nifty triggered our long trade and nearly completed all our targets missing our last target by 10 points . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10305 to test  10285 - 10280 initially and sustaining below it we can see a further correction till 10265 - 10250  . Similarly breaking and sustaining above 10340 we can see a bounce till 10360 - 10365 initially and breaking and sustaining above it we can see a further move till 10380 - 10395" , and today we saw Nifty make a high of 10384.50 within our next resistance zone for the day and also close within it .  

Now in the coming session Nifty needs to break and sustain below 10345 to test 10330 - 10325 initially and sustaining below it we can see a further correction till 10310 - 10295. Similarly breaking and sustaining above 10380 we can see a test of 10400 - 10405 initially and sustaining above it we can a further move till 10420 - 10435 . 


Nifty Spot Levels for the day are

Long above 10380 for 10390 - 10405 - 10435 , SL 10355

Short below 10345 for 10335 - 10325 - 10295 , SL 10370

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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, 29 October 2017

Bank Nifty Spot Outlook for 30th Oct

BANK NIFTY


Bank Nifty spot opened at 24887.60 ,made a high of 24995.70 ,  it made a low of 24798.65,   before closing at 24839.55 . Bank Nifty has been moving sideways after the big move on the news of recapitalization of PSU banks .

Had mentioned that long positions can be taken above 25150 for the day and short positions can be taken below 24895 .  Bank Nifty triggered our short trade and completed just 1 target for the day . Bank Nifty had earlier confirmed our long trade last week and  completed all our weekly long targets giving around 800 points from the weekly long trade.


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24895  can test 24760 - 24730 and on sustaining below it we can see a further test of 24615 - 24485 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25150 we can see a test of 25285 - 25315 initially and breaking and sustaining above it we can see a further move till 25430 - 25560 next . " , and today Bank Nifty made a low of 24798.65 well above our initial support zone of 24760 - 24730 . 


Now in the coming session Bank Nifty breaking and sustaining below 24715 can test 24585 - 24550 and on sustaining below it we can see a further correction till 24440 - 24315 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24965 we can see a test of 25095 - 25125 initially and breaking and sustaining above it we can see a further move till 25240 - 25365 next . 


Bank Nifty Spot Levels for the day are

Long above 24965 for 25040 
– 25125 – 25365 , SL 24800

Short below 24715 for 24640 – 24550 – 24315 , SL 24880

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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 30th Oct

NIFTY


Nifty spot opened at 10362.30 and made a high of 10366.15 , it made a low of 10311.30, before closing at 10323.05 . 

Had mentioned that long positions for the day can be taken above 10365 and short positions can be taken below 10325.  Nifty tested long our long trigger and reversed without sustaining . It then triggered our short trade and completed just 1 target . Bank Nifty was not able to sustain in the green after the big day of PSU banks move which kept adding pressure on the Nifty .Still Nifty gave nearly 180 points after confirming the weekly long trade last week.

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10325 to test  10305 - 10300 initially and sustaining below it we can see a further correction till 10285 - 10270  . Similarly breaking and sustaining above 10365 we can see a bounce till 10380 - 10385 initially and breaking and sustaining above it we can see a further move till 10400 - 10420" , and today we saw Nifty make a high of 10366.15 and reverse immediately to make a low of 10311.30 just above our initial support level of 10305 - 10300 . 

Now in the coming session Nifty needs to break and sustain below 10305 to test 10285 - 10280 initially and sustaining below it we can see a further correction till 10265 - 10250. Similarly breaking and sustaining above 10340 we can see a test of 10360 - 10365 initially and sustaining above it we can a further move till 10380 - 10395 . 


Nifty Spot Levels for the day are

Long above 10340 for 10350 - 10365 - 10395 , SL 10315

Short below 10305 for 10295 - 10280 - 10250 , SL 10330

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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, 28 October 2017

Weekly Spot Outlook of Bank Nifty for 30th Oct to 03rd Nov

BANK NIFTY

This week Bank Nifty spot went down 97 points and went up by 1176 points over last weeks close before finally ending the week with a gain of 830 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 24230 to confirm uptrend and Bank Nifty spot needed to break and sustain below 23790 to confirm downtrend for the week. Bank Nifty made a high of 25186.05 and a low of 23912.55 for the week . 


Bank Nifty this week triggered our weekly long trade and completed all our weekly short targets giving around 800 points as per our levels and even bettered it by another 200 points .As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 24230 for a test of 24465 - 24525 initially and above it we can see a further move till 24725 - 24945 . Similarly on sustaining / closing below 23790 we can see a test of 23555 - 23495 initially and further below it we can see a test of 23295 - 23075 . " and we saw Bank Nifty make a high of 25186.05 on the back of the recapitalization news of PSU banks and exceed our last long weekly target by 200 points . 


Now in the coming week Bank Nifty needs to break and sustain / close above 25170 for a test of 25515 - 25600 initially and above it we can see a further move till 25900 - 26225. Similarly on sustaining / closing below 24510 we can see a test of 24165 - 24080 initially and further below it we can see a test of 23780 - 23455 . Those who have taken short positions above 25000 should keep a cbsl of 25170 . 



Bank Nifty Spot Levels for the week are

Long above 25045 , Tgt 25170 - 25270 - 25370

IF Bank Nifty spot manages to get a close / sustain above 25515 then 

long again for 25600 - 25900 - 26225

Short below 24635 , Tgt 24510 - 24410 - 24310

IF Bank Nifty spot manages to get a close / sustain below 24165 then 

short again for 24080 - 23780 - 23455


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 30th Oct to 03rd Nov

NIFTY

This week Nifty spot went down 22 points over last weeks close then went up by 220 points before finally ending the week with a gain of 177 points compared to last weekly closing. 


As per levels given for the previous week Nifty Spot needed to break and sustain above 10200 to confirm uptrend and Nifty spot needed to break and sustain below 10090 to confirm downtrend for the week. Nifty made a high of 10366.15 and a low of 10124.50 for the week. 


Nifty triggered our weekly long trade and completed nearly all our long targets giving nearly 180 points from our weekly long trade . Nifty missed our last weekly long target by 9 points . In the previous week had mentioned that " Now in the coming week Nifty needs to break and sustain above 10200 to test 10255 - 10270 initially and above it we can see a test of 10320 - 10375 . Breaking and sustaining below 10090 we can see a test of 10035 - 10020 initially and below it we can see a test of 9975 - 9920 . Those who are holding long positions should now keep a cbsl of 10090 and can hold their positions on a close above 10200 . Fresh shorts positions can be taken on sustaining / closing below 10090 in the coming week . For a stronger downmove we need a close below 9650 this month .  " , and we saw Nifty make a high of 10366.15 holding on to the trailing cbsl of 10090 . Bank Nifty gave a strong move last week on the back of the recapitalization news of PSU banks. 

Now in the coming week Nifty needs to break and sustain above 10370 to test 10420 - 10430 initially and above it we can see a test of 10470 - 10515 . Breaking and sustaining below 10275 we can see a test of 10230 - 10215 initially and below it we can see a test of 10175 - 10130. Those who are holding long positions should now keep a cbsl of 10275. Fresh shorts positions can be taken on sustaining / closing below 10275 in the coming week. For a bigger move we need a close below 10215 now . 


Nifty Spot Levels for the week are

Long above 10350 , Tgt  10370 - 10385 - 10400

IF Nifty spot manages to get a close / sustain above 10420 then ,

long again for 10430 - 10470 - 10515

Short below 10295 , Tgt 10275 - 10260 - 10250

IF Nifty spot manages to get a close / sustain below 10230 then, 

short again for 10215 - 10175 - 10130


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.

Thursday, 26 October 2017

Bank Nifty Spot Outlook for 27th Oct

BANK NIFTY


Bank Nifty spot opened at 24953.95 ,made a low of 24864.60 ,  it made a high of 25186.05,   before closing at 25022.20 . Today Bank Nifty could not give a follow up move after the big move we saw in the previous session . 

Had mentioned that long positions can be taken above 25165 for the day and short positions can be taken below 24905 .  Bank Nifty triggered our short trade but could not complete any targets and took our stoploss . It then triggered our long trade and again could not complete any target . Today Bank Nifty traded in a narrow range which was not surprising after the huge move we saw in the previous session . Bank Nifty had triggered completed all our weekly long targets giving around 800 points from the weekly long trade in the previous session . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24905  can test 24770 - 24740 and on sustaining below it we can see a further test of 24625 - 24495 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25165 we can see a test of 25300 - 25335 initially and breaking and sustaining above it we can see a further move till 25540 - 24575 next . " , and today Bank could not sustain above or below our levels to give any move . 


Now in the coming session Bank Nifty breaking and sustaining below 24895 can test 24760 - 24730 and on sustaining below it we can see a further correction till 24615 - 24485 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25150 we can see a test of 25285 - 25315 initially and breaking and sustaining above it we can see a further move till 25430 - 25560 next . 


Bank Nifty Spot Levels for the day are

Long above 25150 for 25225 
– 25315 – 25560 , SL 24985

Short below 24895 for 24820 – 24730 – 24485 , SL 25060

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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 Oct

NIFTY


Nifty spot opened at 10291.80 and made a low of 10271.95 , it made a high of 10355.65, before closing at 10343.80 . 

Had mentioned that long positions for the day can be taken above 10315 and short positions can be taken below 10275.  Nifty triggered our short trade and reversed to take our SL . It then triggered our long trade and completed 2 targets on the long side . Nifty had confirmed our weekly long on closing in the previous sessions and today we saw it missour last target by 18 points . So far it has given us 140 points from the weekly long trade by completing 5 targets .  

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10275 to test  10255 - 10245 initially and sustaining below it we can see a further correction till 10230 - 10210  . Breaking and sustaining above 10315 we can see a bounce till 10340 - 10345 initially and breaking and sustaining above it we can see a further move till 10360 - 10380" , and today we saw Nifty make a lot of 10271.95 and reverse immediately and make a high of 10355.65 just above our initial resistance level of 10340 - 10345 and close within it too.

Now in the coming session Nifty needs to break and sustain below 10325 to test 10305 - 10300 initially and sustaining below it we can see a further correction till 10285 - 10270. Similarly breaking and sustaining above 10365 we can see a test of 10380 - 10385 initially and sustaining above it we can a further move till 10400 - 10420 . 


Nifty Spot Levels for the day are

Long above 10365 for 10375 - 10385 - 10420 , SL 10340

Short below 10325 for 10315 - 10305 - 10270 , SL 10350

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.Nifty 

Wednesday, 25 October 2017

Bank Nifty Spot Outlook for 26th Oct

BANK NIFTY


Bank Nifty spot opened at 24980.65 ,made a low of 24560.75 ,  it made a high of 24157.80,   before closing at 25035.90 . Today Bank Nifty finally participated with PSU banks rallying based on the announcement made yesterday .  .

Had mentioned that long positions can be taken above 24310 for the day and short positions can be taken below 24135 .  Bank Nifty opened with a big gap up over our last long target for the day . Bank Nifty had triggered our weekly longs in the previous session and today completed all our weekly long targets giving around 800 points from the weekly long trade . Had mentioned in the previous post that above 24460 - 24525 we can expect a bigger move and we got it today.

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24135  can test 24045 - 24025 and on sustaining below it we can see a further test of 23945 - 23860 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24310 we can see a test of 24400 - 24420 initially and breaking and sustaining above it we can see a further move till 24500 - 24585 next . " , and today Bank made a high of 25035.90  as it sustained above 24500 - 24585 levels .


Now in the coming session Bank Nifty breaking and sustaining below 24905 can test 24770 - 24740 and on sustaining below it we can see a further correction till 24625 - 24495 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25165 we can see a test of 25300 - 25335 initially and breaking and sustaining above it we can see a further move till 25450 - 25575 next . 


Bank Nifty Spot Levels for the day are

Long above 25165 for 25245 
– 25335 – 25575 , SL 24995

Short below 24905 for 24830 – 24740 – 24495 , SL 25075

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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 Oct

NIFTY


Nifty spot opened at 10321.15 and made a low of 10240.90 , it made a high of 10340.55, before closing at 10295.35 . 

Had mentioned that long positions for the day can be taken above 10230 and short positions can be taken below 10185.  Nifty opened above our last target for the day and gave a dip to enter longs . Nifty had confirmed our weekly long on closing in the previous session and today we saw it complete 5 weekly long targets and give 140 points from teh weekly long trade . Had mentioned to expect a strong move if Bank Nifty sustains above 24460 and today Bank Nifty opened above it and we saw a strong move backed by the announcement made yesterday regarding the PSU banks . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10185 to test  10165 - 10160 initially and sustaining below it we can see a further correction till 10140 - 10120  . Breaking and sustaining above 10230 we can see a bounce till 10250 - 10255 initially and breaking and sustaining above it we can see a further move till 10275 - 10295" , and today we saw Nifty make a high of 10321.15 and close above our resistance zone of 10255 - 10270  . 

Now in the coming session Nifty needs to break and sustain below 10275 to test 10255 - 10245 initially and sustaining below it we can see a further correction till 10230 - 10210. Similarly breaking and sustaining above 10315 we can see a test of 10340 - 10345 initially and sustaining above it we can a further move till 10360 - 10380 . 


Nifty Spot Levels for the day are

Long above 10315 for 10330 - 10345 - 10380 , SL 10290

Short below 10275 for 10260 - 10250 - 10210 , SL 10300

Expected expiry Levels are :

Upper End - 10360

Lower End - 10230

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.