Thursday 30 November 2017

Bank Nifty Spot Outlook for 01st

BANK NIFTY


Bank Nifty spot opened at 25693.80 ,made a high of 25700.85 ,  it made a low of 25246.85 ,   before closing at 25332.40   . 

Had mentioned that long positions can be taken above 25835 for the day and short positions can be taken below 25755.  Bank Nifty triggered our short trade for the day and also triggered our weekly short trade and completed all daily targets and also completed all our weekly short targets giving around 425 points as per the weekly short trade levels . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25755 can test 25720 - 25710 and on sustaining below it we can see a further correction till 25675 - 25635 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25835 we can see a test of 25875 - 25885 initially and breaking and sustaining above it we can see a further move till 25920 - 25955 next . " , and today Bank Nifty made a low of 25246.85 as even our weekly short trade got confirmed . 
Those who are looking to enter fresh shorts should keep a cbsl of 25655 .


Now in the coming session Bank Nifty breaking and sustaining below 25270 can test 25210 - 25195 and on sustaining below it we can see a further correction till 25140 - 25085 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25395 we can see a test of 25455 - 25470 initially and breaking and sustaining above it we can see a further move till 25525 - 25580 next . 


Bank Nifty Spot Levels for the day are

Long above 25395 for 25430 
– 25470 – 25580 , SL 25315

Short below 25270 for 25235 – 25195 – 25080 , SL 25350

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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 01st Dec

NIFTY


Nifty spot opened at 10332.70 and made a high of 10332.70 , it made a low of 10211.25,  before closing at 10226.50. 

Had mentioned that long positions for the day can be taken above 10372 and short positions can be taken below 10351 .  Nifty triggered our intraday short trade at opening and also confirmed our weekly short trade and completed all our daily short targets as well as completed 5 weekly short targets giving 100 points as per the weekly levels . We were expecting Nifty to break the tight range of 10340 - 10440 and we got a good move today on breaking it . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10351 to test  10340 - 10338 initially and sustaining below it we can see a further correction till 10328 - 10318 . Similarly breaking and sustaining above 10372 we can see a test of 10382 - 10385 initially and breaking / sustaining above it we can see a further move till 10395 - 10405 " , and today Nifty made a low of 10211.25 as our weekly short trade also got confirmed . 

Now in the coming session Nifty needs to break and sustain below 10205 to test 10190 - 10185 initially and sustaining below it we can see a further correction till 10165 - 10150. Similarly breaking and sustaining above 10245 we can see a test of 10265 - 10270 initially and breaking / sustaining above it we can a further move till 10285 - 10305 . Those who looking to enter fresh shorts on a upmove should keep a cbsl 10330 . 


Nifty Spot Levels for the day are

Long above 10245 for 10255 - 10270 - 10305 , SL 10220

Short below 10205 for 10195 - 10185 - 10150 , SL 10235

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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 29 November 2017

Bank Nifty Spot Outlook for 30th Nov

BANK NIFTY


Bank Nifty spot opened at 25829.65 ,made a high of 25877.75 ,  it made a low of 25746.80 ,   before closing at 25795.70   . 

Had mentioned that long positions can be taken above 25890 for the day and short positions can be taken below 25805.  Bank Nifty triggered our short trade and completed 2 targets for the day . Had mentioned in the weekly post for Bank Nifty that those who are holding longs should move up their trailing cbsl to 25655 which has held today so far this week . For the upmove to continue we need Bank Nifty to sustain / close above 25915 .

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25805 can test 25760 - 25750 and on sustaining below it we can see a further correction till 25710 - 25670 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25890 we can see a test of 25935 - 25945 initially and breaking and sustaining above it we can see a further move till 25985 - 26025 next . " , and today Bank Nifty made a low of 25746.80 just below our initial support zone for the day . 


Now in the coming session Bank Nifty breaking and sustaining below 25755 can test 25720 - 25710 and on sustaining below it we can see a further correction till 25675 - 25635 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25835 we can see a test of 25875 - 25885 initially and breaking and sustaining above it we can see a further move till 25920 - 25955 next . 


Bank Nifty Spot Levels for the day are

Long above 25835 for 25855 
– 25885 – 25955 , SL 25785

Short below 25755 for 25735 – 25710 – 25635 , SL 25810

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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 Nov

NIFTY


Nifty spot opened at 10376.65 and made a high of 10392.95 , it made a low of 10345.90,  before closing at 10361.30. 

Had mentioned that long positions for the day can be taken above 10385 and short positions can be taken below 10355 .  Nifty initially triggered our long trade and did not complete any target . It then triggered our short trade and completed just 1 target . Nifty has so far been holding on to the cbsl for longs of 10340 this week . Nifty is currently stuck in a range of 10340 - 10440 and breaking and sustaining / closing above or below this range is required for the next move and we should see this range broken in the coming sessions .   

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10355 to test  10345 - 10335 initially and sustaining below it we can see a further correction till 10325 - 10315 . Similarly breaking and sustaining above 10385 we can see a test of 10400 - 10405 initially and breaking / sustaining above it we can see a further move till 10415 - 10430 " , and today Nifty made a low of 10345.90  just near our initial support levels for the day . 

Now in the coming session Nifty needs to break and sustain below 10351 to test 10340 - 10338 initially and sustaining below it we can see a further correction till 10328 - 10318. Similarly breaking and sustaining above 10372 we can see a test of 10382 - 10385 initially and breaking / sustaining above it we can a further move till 10395 - 10405 . Sustaining / closing above 10440 will confirm weekly longs too and may see a retest of the highs . Sustaining below 10340 will confirm weekly shorts and we can see a test of 10290 - 10270.


Nifty Spot Levels for the day are

Long above 10372 for 10378 - 10385 - 10405 , SL 10358

Short below 10351 for 10345 - 10338 - 10318 , SL 10375

Nifty expiry levels 

Upper End - 10432

Lower End - 10290

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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 28 November 2017

Bank Nifty Spot Outlook for 29th Nov

BANK NIFTY


Bank Nifty spot opened at 25830.45 ,made a high of 25953.50 ,  it made a low of 25795.50 ,   before closing at 25846.40   . 

Had mentioned that long positions can be taken above 25935 for the day and short positions can be taken below 25850.  Bank Nifty initially triggered our long trade but did not complete any targets . It then triggered our short trade for the day and missed our 2nd short target by 5 points .  Had mentioned in the weekly post for Bank Nifty that those who are holding longs should move up their trailing cbsl to 25655 which has held today so far this week . For the upmove to continue we need Bank Nifty to sustain / close above 25915 .


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25850 can test 25805 - 25790 and on sustaining below it we can see a further test of 25755 - 25710 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25935 we can see a test of 25980 - 25990 initially and breaking and sustaining above it we can see a further move till 26030 - 26075 next . " , and today Bank Nifty made a low of 25795.50 within our initial support zone for the day . 


Now in the coming session Bank Nifty breaking and sustaining below 25805 can test 25760 - 25750 and on sustaining below it we can see a further correction till 25710 - 25670 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25890 we can see a test of 25935 - 25945 initially and breaking and sustaining above it we can see a further move till 25985 - 26025 next . 


Bank Nifty Spot Levels for the day are

Long above 25890 for 25915 
– 25945 – 26025 , SL 25835

Short below 25805 for 25780 – 25750 – 25670 , SL 25860

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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 Nov

NIFTY


Nifty spot opened at 10387.90 and made a high of 10409.55 , it made a low of 10355.20,  before closing at 10370.25. 

Had mentioned that long positions for the day can be taken above 10415 and short positions can be taken below 10380 .  Nifty triggered our short trade and completed 2 targets . Had mentioned in the previous post " Nifty gave a close above 10355 and one should keep a cbsl now of 10340 for long positions taken " , and today again our cbsl for longs has been held .  

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10380 to test  10365 - 10360 initially and sustaining below it we can see a further correction till 10345 - 10330 . Similarly breaking and sustaining above 10415 we can see a test of 10435 - 10440 initially and breaking / sustaining above it we can see a further move till 10455 - 10470 " , and today Nifty made a low of 10355.20  just below our initial support levels for the day . 

Now in the coming session Nifty needs to break and sustain below 10355 to test 10345 - 10335 initially and sustaining below it we can see a further correction till 10325 - 10315. Similarly breaking and sustaining above 10385 we can see a test of 10400 - 10405 initially and breaking / sustaining above it we can a further move till 10415 - 10430 . Sustaining / closing above 10440 will confirm weekly longs too and may see a retest of the highs . Sustaining below 10340 will confirm weekly shorts and we can see a test of 10290 - 10270.


Nifty Spot Levels for the day are

Long above 10385 for 10395 - 10405 - 10430 , SL 10365

Short below 10355 for 10345 - 10335 - 10315 , SL 10375

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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 27 November 2017

Bank Nifty Spot Outlook for 28th Nov

BANK NIFTY


Bank Nifty spot opened at 25693.95 ,made a low  of 25673.50,  it made a high of 25931.85 ,   before closing at 25891.95  . 

Had mentioned that long positions can be taken above 25825 for the day and short positions can be taken below 25735.  Bank Nifty initially triggered our short trade and 2 targets . It took support just above our weekly short confirmation level of 25655 and reversed to trigger our long trade for the day and completed 2 targets on the long side . Had mentioned in the weekly post for Bank Nifty that those who are holding longs should move up their trailing cbsl to 25655 which has held today and given a good move of nearly 275 points .


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25735 can test 25685 - 25675 and on sustaining below it we can see a further test of 25630 - 25585 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25825 we can see a test of 25875 - 25885 initially and breaking and sustaining above it we can see a further move till 25930 - 25975 next . " , and today Bank Nifty made a low of 25673.50 just below our initial support zone for the day and reversed to make a high of 25931.85 just within our next resistance zone for the day . 


Now in the coming session Bank Nifty breaking and sustaining below 25850 can test 25805 - 25790 and on sustaining below it we can see a further correction till 25755 - 25710 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25935 we can see a test of 25980 - 25990 initially and breaking and sustaining above it we can see a further move till 26030 - 26075 next . 


Bank Nifty Spot Levels for the day are

Long above 25935 for 25960 
– 25990 – 26075 , SL 25880

Short below 25850 for 25825 – 25790 – 25710 , SL 25905

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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 Nov

NIFTY


Nifty spot opened at 10361.05 and made a low of 10340.20 , it made a high of 10407.15,  before closing at 10399.55. 

Had mentioned that long positions for the day can be taken above 10410 and short positions can be taken below 10370 .  Nifty triggered our short trade and completed 2 targets . Nifty took support just above our weekly short confirmation level of 10340 and reversed to close near 10400 . Had mentioned in the previous post " Nifty gave a close above 10355 and one should keep a cbsl now of 10340 for long positions taken " , and we saw reverse holding our cbsl for longs  . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10370 to test  10350 - 10345 initially and sustaining below it we can see a further correction till 10330 - 10310 . Similarly breaking and sustaining above 10410 we can see a test of 10430 - 10435 initially and breaking / sustaining above it we can see a further move till 10450 - 10465 " , and today Nifty made a low of 10340.20 just below our initial support levels for the day . 

Now in the coming session Nifty needs to break and sustain below 10380 to test 10365 - 10360 initially and sustaining below it we can see a further correction till 10345- 10330. Similarly breaking and sustaining above 10415 we can see a test of 10435 - 10440 initially and breaking / sustaining above it we can a further move till 10455 - 10470 . Sustaining / closing above 10440 will confirm weekly longs too and may see a retest of the highs .


Nifty Spot Levels for the day are

Long above 10415 for 10425 - 10440 - 10470 , SL 10394

Short below 10380 for 10370 - 10360 - 10330 , SL 10405

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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 26 November 2017

Bank Nifty Spot Outlook for 27th Nov

BANK NIFTY


Bank Nifty spot opened at 25776.60 ,made a low  of 25749.10,  it made a high of 25849 ,   before closing at 25779.65  . 

Had mentioned that long positions can be taken above 25785 for the day and short positions can be taken below 25685.  Bank Nifty initially triggered our long trade and missed our 2nd target by 6 points . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25685 can test 25630 - 25620 and on sustaining below it we can see a further test of 25570 - 25520 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25785 we can see a test of 25840 - 25855 initially and breaking and sustaining above it we can see a further move till 25900 - 25950 next . " , and today Bank Nifty made a highof 25849  within our initial resistance zone for the day . 


Now in the coming session Bank Nifty breaking and sustaining below 25735 can test 25685 - 25675 and on sustaining below it we can see a further correction till 25630 - 25585 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25825 we can see a test of 25875 - 25885 initially and breaking and sustaining above it we can see a further move till 25930 - 25975 next . 


Bank Nifty Spot Levels for the day are

Long above 25825 for 25855 
– 25885 – 25975 , SL 25765

Short below 25735 for 25705 – 25675 – 25585 , SL 25795

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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 Nov

NIFTY


Nifty spot opened at 10366.80 and made a low of 10362.25 , it made a high of 10404.50,  before closing at 10389.70 . 

Had mentioned that long positions for the day can be taken above 10370 and short positions can be taken below 10325 .  Nifty initially triggered our long trade and completed 2 targets . Nifty gave a close above 10355 and one should keep a cbsl now of 10340 for long positions taken . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10325 to test  10300 - 10295 initially and sustaining below it we can see a further correction till 10275 - 10255 . Similarly breaking and sustaining above 10370 we can see a test of 10395 - 10400 initially and breaking / sustaining above it we can see a further move till 10425 - 10445 " , and today Nifty made a high of 10404.50 just above out initial resistance levels for the day . 

Now in the coming session Nifty needs to break and sustain below 10370 to test 10350 - 10345 initially and sustaining below it we can see a further correction till 10330 - 10310. Similarly breaking and sustaining above 10410 we can see a test of 10435 - 10435 initially and breaking / sustaining above it we can a further move till 10450 - 10465 .  


Nifty Spot Levels for the day are

Long above 10410 for 10420 - 10435 - 10465 , SL 10384

Short below 10370 for 10360 - 10345 - 10310 , SL 10395

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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 25 November 2017

Weekly Spot Outlook Of Bank Nifty for 27th Nov to 01st Dec

BANK NIFTY

This week Bank Nifty spot went down 107 points and went up by 120 points over last weeks close before finally ending the week with a gain of 51 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 25915 to confirm uptrend and Bank Nifty spot needed to break and sustain below 25540 to confirm downtrend for the week. Bank Nifty made a high of 25849 and a low of 25620.95 for the week . 


Bank Nifty this week did not trigger a weekly trade in either direction and traded in a zone within our long and short confirmation levels of 25540 - 25915 the whole week .  As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 25915 for a test of 26115 - 26160 initially and above it we can see a further move till 26330 - 26520 . Similarly on sustaining / closing below 25540 we can see a test of 25345 - 25295 initially and further below it we can see a test of 25125 - 24940 . Those who are holding long positions with last weeks given cbsl of 25185 should trail their cbsl to 25540 now or book if bank nifty again breaks above 25925 and fails to close above it . Those who are looking to go short on rise in the coming week should keep a strict cbsl of 25915 spot or go short below 25540 .  "  and Bank Nifty held our trailing cbsl of 25540 for longs entered in the dips near 25200 and also failed to break above 25925 for us to close the positions.

Now in the coming week Bank Nifty needs to break and sustain / close above 25905 for a test of 26025 - 26060 initially and above it we can see a further move till 26170 - 26290. Similarly on sustaining / closing below 25655 we can see a test of 25530 - 25500 initially and further below it we can see a test of 25390 - 25270 . Those who are holding long positions with last weeks given cbsl of 25540 should trail their cbsl to 25655 now.  Those who are looking to go short on rise in the coming week should keep a strict cbsl of 25905 spot or go short below 25660 . Nifty has been strong last week and now we need Bank Nifty to participate next week for new highs to be tested on both indexes .


Bank Nifty Spot Levels for the week are

Long above 25855 , Tgt 25905 - 25940 - 25975

IF Bank Nifty spot manages to get a close / sustain above 26025 then 

long again for 26060 - 26170 - 26290

Short below 25705 , Tgt 25655 - 25620 - 25585

IF Bank Nifty spot manages to get a close / sustain below 25530 then 

short again for 25500 - 25390 - 25270


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 27th Nov to 01st Dec

NIFTY

This week Nifty spot went down by 22 points and then went up by 121 points before finally ending the week with a gain of 106 points compared to last weekly closing. 


As per levels given for the previous week Nifty Spot needed to break and sustain above 10350 to confirm uptrend and Nifty spot needed to break and sustain below 10215 to confirm downtrend for the week. Nifty made a high of 10404.50 and a low of 10261.50 for the week. 


Nifty triggered our weekly long trade and completed 3 targets giving 65 points from our weekly long trade . In the previous week had mentioned that " Now in the coming week Nifty needs to break and sustain above 10350 to test 10420 - 10440 initially and above it we can see a test of 10500 - 10565 . Breaking and sustaining below 10215 we can see a test of 10145 - 10130 initially and below it we can see a test of 10070 - 10000 . Those who have taken long position in the previous week correction near 10100 should keep a cbsl of 10215 . Fresh long positions can be taken on sustaining / closing above 10350 in the coming week and can be held on sustaining / closing above 10440 . " , and we saw Nifty hold our trailing cbsl for longs taken near 10100 and make a high of 10404.50 . 


Now in the coming week Nifty needs to break and sustain above 10440 to test 10490 - 10505 initially and above it we can see a test of 10545 - 10595 . Breaking and sustaining below 10340 we can see a test of 10290 - 10275 initially and below it we can see a test of 10230 - 10185. Those who have have entered fresh longs last week and those are holding longs taken in the correction near 10100 should move up their trailing cbsl to 10340 now . Fresh long positions can be taken on sustaining / closing above 10440 in the coming week and can be held on sustaining / closing above 10505 . 


Nifty Spot Levels for the week are

Long above 10420 , Tgt  10440 - 10455 - 10470

IF Nifty spot manages to get a close / sustain above 10490 then ,

long again for 10505 - 10545 - 10595

Short below 10360 , Tgt 10340 - 10325 - 10310

IF Nifty spot manages to get a close / sustain below 10290 then, 

short again for 10275 - 10230 - 10185

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.