Sunday, 22 October 2017

Bank Nifty Spot Outlook for 23rd Oct


Bank Nifty spot opened at 24238.40 ,made a high of 24255.30 ,  it made a low of 23923.70,  before closing at 24009.75 . Though Nifty has been making new life time highs last week we have not seen Bank Nifty do the same and unless Bank Nifty participates this upmove will lose its strength .

Now in the coming session Bank Nifty breaking and sustaining below 23925  can test 23835 - 23815 and on sustaining below it we can see a further test of 23740 - 23655 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24095 we can see a test of 24180 - 24205 initially and breaking and sustaining above it we can see a further move till 24280 - 24365 next . 

Bank Nifty Spot Levels for the day are

Long above 24095 for 24145 
– 24205 – 24365 , SL 23985

Short below 23925 for 23875 – 23815 – 23655 , SL 24035

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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.

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