Sunday, 30 December 2018

Bank Nifty Spot Outlook for 31st Dec

BANK NIFTY


In the previous session Bank Nifty spot opened at 27048.40 , made a low of 27039.60,  made a high of 27213.45,  before closing at 27125.25 .

Had mentioned that long trade for the day will get triggered on sustaining above 26955 and short trade for the day will get triggered on sustaining below 26805 .Bank Nifty triggered our long trade with a gap up and completed all our targets still giving 150 points . 

For this week Bank Nifty needs to break and sustain / close above 27340 to test 27565 - 27625 initially and above it we can see a test of 27820 - 28035 . Similarly Bank Nifty needs to break and sustain / close below 26910 to test 26685 - 26625 initially and below it we can see a test of 26430 - 26215. 

For the month of January , longs will get confirmed with a consecutive close above 27290 for a initial target of 27725 - 27835 and sustaining / closing above it we can see a further test of 28210 - 28620 . Similarly , shorts will get confirmed with a consecutive close below  26465 for a initial target of 26035 - 25925 and sustaining / closing below it we can see a further move till 25550 - 25135. 

Now in the coming session Bank Nifty needs to break and sustain above 27205 to test 27295 - 27315 initially and sustaining above it we can see a further upmove till 27385 - 27470. Similarly breaking and sustaining below 27045 we can see a test of 26960 - 26935 initially and sustaining below it we can see a further correction till 26865 - 26780 .


Bank Nifty Spot Levels for the day are

Long above 27205 for 27255 - 27315 - 27470 , SL 27150

Short below 27045 for 26995 - 26935 - 26780 , SL 27100

This is the last post on Bank Nifty for this year and i would like to thank all the readers for their support towards the blog and i wish everyone a very happy , safe and prosperous new year 2019.

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 Spot Outlook for 31st Jan

NIFTY


In the previous session Nifty spot opened at 10820.95 made a low of 10817.15 ,  made a high of 10893.60  before closing at 10859.90

Had mentioned that long trade will get triggered for the day on sustaining above 10815 and short trade will get triggered for the day on sustaining below 10745. Nifty triggered our long trade and did 75 points. 

For this week Nifty needs to break and sustain / close above 10950 to test 11045 - 11070 initially and above it we can see a test of 11150 - 11240 . Similarly Nifty needs to break and sustain / close below 10770 to test 10675 - 10650 initially and below it we can see a test of 10570 - 10480. 

For the month of January , longs in Nifty will get confirmed with a consecutive close above 10960 for a initial target of 11145 - 11195 and sustaining / closing above it we can see a further test of 11355 - 11530 . Similarly , shorts will get confirmed with a consecutive close below  10600 for a initial target of 10415 - 10370 and sustaining / closing below it we can see a further move till 10205 - 10030 . 

Now in the coming session Nifty needs to break and sustain above 10895 to test 10930 - 10940 initially and sustaining above it we can see a further upmove till 10970 - 11005. Similarly breaking and sustaining below 10825 we can see a test of 10790 - 10780 initially and breaking and sustaining below it we can see a further correction till 10750 - 10715 . 


Nifty Spot Levels for the day are

Long above 10895 for 10915 - 10940 - 11005 , SL 10870

Short below 10825 for 10805 - 10780 - 10715 , SL 10850

This is the last post on Nifty for this year and i would like to thank all the readers for their support towards the blog and i wish everyone a very happy , safe and prosperous new year 2019.

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.

Saturday, 29 December 2018

Weekly Spot Outlook Of Bank Nifty for 31st Dec to 04th Jan

BANK NIFTY

This week Bank Nifty spot went down by 461 points , then went up by 370 points  before finally ending the week with a gain of 256 points compared to last weekly closing.

As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 27095 to confirm uptrend and Bank Nifty spot needed to sustain and close below 26645 to confirm downtrend for the week. Bank Nifty made a high of 27239.95 and made a low of 26408.15 for the week. 


In the previous had mentioned that "Now in the coming week Bank Nifty needs to break and sustain / close above 27095 for a test of 27330 - 27390 initially and closing above it we can see a further move till 27595 - 27820. Similarly on sustaining / closing below 26645 we can see a test of 26410 - 26350 initially and closing below it we can see a test of 26145 - 25920 . Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 27095 and enter with a stoploss of 26940 for a target of 27330 - 27390 and look to hold further only on getting a close above the initial target zone . Those who are looking to enter fresh shorts should wait for Bank Nifty to sustain / close below 26645 and enter with a stoploss of 26800 for a target of 26410 - 26350 and look to hold further only on getting a close below the initial target zone . " and Bank Nifty confirmed our weekly short trade and completed our initial targets of 26410 - 26350 with a low of 26408.15 and bounced back . 


Now in the coming week Bank Nifty needs to break and sustain / close above 27340 for a test of 27565 - 27625 initially and closing above it we can see a further move till 27820 - 28035. Similarly on sustaining / closing below 26910 we can see a test of 26685 - 26625 initially and closing below it we can see a test of 26430 - 26215 . Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 27340 and enter with a stoploss of 27190 for a target of 27565 - 27625 and look to hold further only getting a close above the initial target zone . Those who are looking to enter fresh shorts should wait for Bank Nifty to sustain / close below 26910 and enter with a stoploss of 27060 for a target of 26685 - 26625 and look to hold further only on getting a close below the initial target zone . 


For the month of January , longs will be confirmed in Bank Nifty with a consecutive close above 27290 for a initial target of 27725 - 27835 and sustaining / closing above it we can see a further move till 28210 - 28620 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 26465 for a initial target of 26035 - 25925 and sustaining / closing below it we can see a further move till 25550 - 25135. 

Bank Nifty is near its immediate resistance zone now of 27290 - 27340 and it needs to give a strong consecutive close above it this series for this upmove to go further towards 27725 - 27835 else we can see selling pressure begin again.


Bank Nifty Spot Levels for the week are

Long above 27260 , Tgt 27340 - 27405 - 27475

IF Bank Nifty spot manages to get a close / sustain above 27565 then 

long again for 27625 - 27820 - 28035

Short below 26990 , Tgt 26910 - 26845 - 26780

IF Bank Nifty spot manages to get a close / sustain below 26685 then 

short again for 26625 - 26430 - 26215

This is the last weekly post on Bank Nifty for this year and i would like to thank all the readers for their support towards the blog and i wish everyone a very happy , safe and prosperous new year 2019.

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 and continue trailing it further .

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.

Weekly Spot Outlook Of Nifty for 31st Dec to 04th Jan

NIFTY

This week Nifty went down by 219 points , then went up by 140 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 sustain and close above 10855 to confrim uptrend and Nifty spot needed to sustain and close below 10655 to confirm downtrend for the week. Nifty made a high of 10893.60 and made a low of 10534.55. 

In the previous week had mentioned that " Now in the coming week Nifty needs to break and sustain above 10855 to test 10955 - 10980 initially and above it we can see a test of 11070 - 11170 .Breaking and sustaining below 10655 we can see a test of 10555 - 10525 initially and below it we can see a test of 10440 - 10340. Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 10855 and enter with a stoploss of 10785 for a initial target of 10955 - 10980 and look to hold further only on sustaining or getting a close above the initial target. Those who are looking to enter fresh shorts should wait for Nifty to sustain / close below 10655 to enter with a stoploss of 10725 for a initial target of 10555 - 10525 and hold further only on sustaining or getting a close below the initial target zone .  ", and Nifty triggered our short trade and completed our initial targets of 10555 - 10525 with a low of 10534.55 and bounced back . 

Now in the coming week Nifty needs to break and sustain above 10950 to test 11045 - 11070 initially and above it we can see a test of 11150 - 11240 . Breaking and sustaining below 10770 we can see a test of 10675 - 10650 initially and below it we can see a test of 10570 - 10480. Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 10950 and enter with a stoploss of 10885 for a initial target of 11045 - 11070 and look to hold further only on sustaining or getting a close above the initial target zone . Those who are looking to enter fresh short should wait for Nifty to sustain / close below 10770 and enter with a stoploss of 10835 for a initial target of 10675 - 10650 and hold further only on sustaining or getting a close below the initial target zone . 


For the month of January , longs will get confirmed in Nifty with a consecutive close above 10960 for a initial target of 11145 - 11195 and sustaining / closing above it we can see a further move till 11355 - 11530 .  Similarly shorts will get confirmed with a consecutive close below 10600 for  a initial target of 10415 - 10370 and sustaining / closing below it we can see a further move till 10205 - 10030 . 

Had mentioned in the previous weekly post " Now we are entering a truncated expiry week and with the persistent weakness in global markets , if we break and sustain below 10710 we can see a quick move till 10535 - 10490 zone where we have the immediate support ." and we saw Nifty make a low of 10534.55 testing our support and bounce back strongly.

Nifty is approaching its immediate resistance zone now of 10950 - 10970 and it needs to give a strong consecutive close above it for this upmove to go further towards 11145 - 11195 initially else we can see selling pressure begin again.


Nifty Spot Levels for the week are

Long above 10915 , Tgt  10950 - 10980 - 11005

IF Nifty spot manages to get a close / sustain above 11045 then ,

long again for 11070 - 11150 - 11240

Short below 10805 , Tgt 10770 - 10740 - 10715

IF Nifty spot manages to get a close / sustain below 10675 then, 

short again for 10650 - 10570 - 10480

This is the last weekly post on Nifty for this year and i would like to thank all the readers for their support towards the blog and i wish everyone a very happy , safe and prosperous new year 2019.


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 and keep trailing your stoploss .

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, 27 December 2018

Bank Nifty Spot Outlook for 28th Dec

BANK NIFTY


In the previous session Bank Nifty spot opened at 27200.65 , made a high of 27239.95,  made a low of 26845.10,  before closing at 26878.55 .

Had mentioned that long trade for the day will get triggered on sustaining above 27065 and short trade for the day will get triggered on sustaining below 26910 .Bank Nifty initially triggered our long trade with a gap up and did 175 points but did not give a chance to enter . It then triggered our short trade and did just 1 target . 

As mentioned " For this week Bank Nifty needs to break and sustain / close above 27095 to test 27330 - 27390 initially and above it we can see a test of 27595 - 27820 . Similarly Bank Nifty needs to break and sustain / close below 26645 to test 26410 - 26350 initially and below it we can see a test of 26145 - 25920. Now in the coming session Bank Nifty has to break and sustain below 26645 to test 26410 - 26350 initially.", and Bank Nifty below 26645  tested our targets of 26410 - 26350 with a low of 26408.15 and bounced back sharply. Now in the coming session Bank Nifty needs to sustain above 27095 for a further upmove towards 27330 - 27390 .

As mentioned " For the month of December , longs will get confirmed with a consecutive close above 27345 for a initial target of 27860 - 27990 and sustaining / closing above it we can see a further test of 28430 - 28915 . Similarly , shorts will get confirmed with a consecutive close below  26380 for a initial target of 25870 - 25740 and sustaining / closing below it we can see a further move till 25300 - 24815. " , and Bank Nifty confirmed our shorts and completed our initial targets of 25870 - 25740 with a low of 25598.25 and gave a good chance to book shorts too near our mentioned exit levels . Bank Nifty has bounced after sustaining above 26380 and also cleared the initial resistance zone of 26850 - 26935 and has made a high of 27369.10 doing a good 1000 points move. But Bank Nifty failed to close above our monthly long confirmation level of 27345 after coming close to it twice and we saw profit booking and selling return . 

Also as mentioned " Now in this truncated expiry week we can expect Bank Nifty to trade between 26380 - 27345 unless there is any major news flow." , and Bank Nifty made a low of 26408.15 and a high of 27239.95 so far this week trading well within our expected range till the expiry.

Now in the coming session Bank Nifty needs to break and sustain above 26955 to test 27035 - 27055 initially and sustaining above it we can see a further upmove till 27120 - 27195. Similarly breaking and sustaining below 26805 we can see a test of 26725 - 26705 initially and sustaining below it we can see a further correction till 26635 - 26560 .


Bank Nifty Spot Levels for the day are

Long above 26955 for 27000 - 27055 - 27195 , SL 26900

Short below 26805 for 26755 - 26705 - 26560 , SL 26855

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 Spot Outlook for 28th Dec

NIFTY


In the previous session Nifty spot opened at 10817.90 made a high of 10834.20 ,  made a low of 10764.45  before closing at 10779.80

Had mentioned that long trade will get triggered for the day on sustaining above 10765 and short trade will get triggered for the day on sustaining below 10695. Nifty triggered our long trade with a gap up and did 70 points. 

As mentioned " For this week Nifty needs to break and sustain / close above 10855 to test 10955 - 10980 initially and above it we can see a test of 11070 - 11170 . Similarly Nifty needs to break and sustain / close below 10655 to test 10555 - 10525 initially and below it we can see a test of 10440 - 10340. " , and this week Nifty sustained below 10655 and completed our initial targets of 10555 - 10525 with a low of 10534.55 and bounced back sharply by 300 points . Nifty has to break and sustain above 10855 for a further upmove in the coming session.

As mentioned " For the month of December , longs in Nifty will get confirmed with a consecutive close above 11045 for a initial target of 11220 - 11265 and sustaining / closing above it we can see a further test of 11415 - 11585 . Similarly , shorts will get confirmed with a consecutive close below  10710 for a initial target of 10535 - 10490 and sustaining / closing below it we can see a further move till 10340 - 10170 . ", and Nifty had confirmed our monthly shorts and made a low of 10333.85 testing our next target zone of 10340 - 10170 and had mentioned that shorts should be booked near 10340 range and Nifty bounced back 600 points holding the same.  Also had mentioned "Now Nifty has closed above its resistance zone of 10785 - 10875 again and we can see a move towards 11000 this month." , and Nifty has made a high of 10985.15 nearly completing our target. 

Also as mentioned " Now in the last week Nifty needs to hold above 10710 else we can see a test of 10535 - 10490 on sustaining / closing below it as the global markets continue their weakness ." , and Nifty made a low of 10534.55 completing our expected target below 10710 and bounced back sharply above 10710 . Nifty now has to break and sustain above 10855 for a further upmove till 10915 - 10955 where it has next resistance.

Now in the coming session Nifty needs to break and sustain above 10815 to test 10845 - 10855 initially and sustaining above it we can see a further upmove till 10885 - 10915. Similarly breaking and sustaining below 10745 we can see a test of 10715 - 10705 initially and breaking and sustaining below it we can see a further correction till 10675 - 10645 .


Nifty Spot Levels for the day are

Long above 10815 for 10835 - 10855 - 10915 , SL 10790

Short below 10745 for 10725 - 10705 - 10645 , SL 10770

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.

Wednesday, 26 December 2018

Bank Nifty Spot Outlook for 27th Dec

BANK NIFTY


In the previous session Bank Nifty spot opened at 26634 , made a low of 26408.15,  made a high of 27029.15,  before closing at 26986.80 .

Had mentioned that long trade for the day will get triggered on sustaining above 26805 and short trade for the day will get triggered on sustaining below 26625 .Bank Nifty triggered our short trade and did 225 points. It then took support near our weekly support levels of 26410 - 26350 and bounced back sharply to trigger our long trade and did 200 points .

As mentioned " For this week Bank Nifty needs to break and sustain / close above 27095 to test 27330 - 27390 initially and above it we can see a test of 27595 - 27820 . Similarly Bank Nifty needs to break and sustain / close below 26645 to test 26410 - 26350 initially and below it we can see a test of 26145 - 25920. Now in the coming session Bank Nifty has to break and sustain below 26645 to test 26410 - 26350 initially.", and Bank Nifty today below 26645  tested our targets of 26410 - 26350 with a low of 26408.15 and bounced back sharply. Now in the coming session Bank Nifty needs to sustain above 27095 for a further upmove towards 27330 - 27390 .

As mentioned " For the month of December , longs will get confirmed with a consecutive close above 27345 for a initial target of 27860 - 27990 and sustaining / closing above it we can see a further test of 28430 - 28915 . Similarly , shorts will get confirmed with a consecutive close below  26380 for a initial target of 25870 - 25740 and sustaining / closing below it we can see a further move till 25300 - 24815. " , and Bank Nifty confirmed our shorts and completed our initial targets of 25870 - 25740 with a low of 25598.25 and gave a good chance to book shorts too near our mentioned exit levels . Bank Nifty has bounced after sustaining above 26380 and also cleared the initial resistance zone of 26850 - 26935 and has made a high of 27369.10 doing a good 1000 points move. But Bank Nifty failed to close above our monthly long confirmation level of 27345 after coming close to it twice and we saw profit booking and selling return last week . 

Also as mentioned " Now in this truncated expiry week we can expect Bank Nifty to trade between 26380 - 27345 unless there is any major news flow." , and today Bank Nifty made a low of 26408.15 and bounced back sharply to close just below 27000. 

Now in the coming session Bank Nifty needs to break and sustain above 27065 to test 27145 - 27165 initially and sustaining above it we can see a further upmove till 27235 - 27310. Similarly breaking and sustaining below 26910 we can see a test of 26830 - 26810 initially and sustaining below it we can see a further correction till 26740 - 26665 .


Bank Nifty Spot Levels for the day are

Long above 27065 for 27110 - 27165 - 27310 , SL 27010

Short below 26910 for 26865 - 26810 - 26665 , SL 26965

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 Spot Outlook for 27th Dec

NIFTY


In the previous session Nifty spot opened at 10635.45 made a low of 10534.55 ,  made a high of 10747.50  before closing at 10729.85

Had mentioned that long trade will get triggered for the day on sustaining above 10705 and short trade will get triggered for the day on sustaining below 10625. Nifty initially triggered our short trade and did 90 points. Nifty then took support near our weekly support zone of 10555 - 10525 and bounced back to trigger our long trade and did 40 points. 


As mentioned " For this week Nifty needs to break and sustain / close above 10855 to test 10955 - 10980 initially and above it we can see a test of 11070 - 11170 . Similarly Nifty needs to break and sustain / close below 10655 to test 10555 - 10525 initially and below it we can see a test of 10440 - 10340. " , and today Nifty sustaining below 10655 completed our initial targets of 10555 - 10525 with a low of 10534.55 and bounced back sharply by 200 points . 

As mentioned " For the month of December , longs in Nifty will get confirmed with a consecutive close above 11045 for a initial target of 11220 - 11265 and sustaining / closing above it we can see a further test of 11415 - 11585 . Similarly , shorts will get confirmed with a consecutive close below  10710 for a initial target of 10535 - 10490 and sustaining / closing below it we can see a further move till 10340 - 10170 . ", and Nifty had confirmed our monthly shorts and made a low of 10333.85 testing our next target zone of 10340 - 10170 and had mentioned that shorts should be booked near 10340 range and Nifty bounced back 600 points holding the same.  Also had mentioned "Now Nifty has closed above its resistance zone of 10785 - 10875 again and we can see a move towards 11000 this month." , and Nifty has made a high of 10985.15 nearly completing our target. 

Also as mentioned " Now in the last week Nifty needs to hold above 10710 else we can see a test of 10535 - 10490 on sustaining / closing below it as the global markets continue their weakness ." , and today Nifty made a low of 10534.55 completing our expected target below 10710 and bounced back sharply to close above 10710 .

Now in the coming session Nifty needs to break and sustain above 10765 to test 10795 - 10805 initially and sustaining above it we can see a further upmove till 10835 - 10865. Similarly breaking and sustaining below 10695 we can see a test of 10665 - 10655 initially and breaking and sustaining below it we can see a further correction till 10625 - 10595 .


Nifty Spot Levels for the day are

Long above 10765 for 10785 - 10805 - 10865 , SL 10740

Short below 10695 for 10675 - 10655 - 10595 , SL 10720

Expected Expiry Levels are :

Upper End - 10820

Lower End - 10640

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.

Tuesday, 25 December 2018

Bank Nifty Spot Outlook for 26th Dec

BANK NIFTY


In the previous session Bank Nifty spot opened at 26877.05 , made a high of 26934.85,  made a low of 26676.95,  before closing at 26714.75 .

Had mentioned that long trade for the day will get triggered on sustaining above 26955 and short trade for the day will get triggered on sustaining below 26785 .Bank Nifty triggered our short trade and did 100 points. 

For this week Bank Nifty needs to break and sustain / close above 27095 to test 27330 - 27390 initially and above it we can see a test of 27595 - 27820 . Similarly Bank Nifty needs to break and sustain / close below 26645 to test 26410 - 26350 initially and below it we can see a test of 26145 - 25920. Now in the coming session Bank Nifty has to break and sustain below 26645 to test 26410 - 26350 initially.

As mentioned " For the month of December , longs will get confirmed with a consecutive close above 27345 for a initial target of 27860 - 27990 and sustaining / closing above it we can see a further test of 28430 - 28915 . Similarly , shorts will get confirmed with a consecutive close below  26380 for a initial target of 25870 - 25740 and sustaining / closing below it we can see a further move till 25300 - 24815. " , and Bank Nifty confirmed our shorts and completed our initial targets of 25870 - 25740 with a low of 25598.25 and gave a good chance to book shorts too near our mentioned exit levels . Bank Nifty has bounced after sustaining above 26380 and also cleared the initial resistance zone of 26850 - 26935 and has made a high of 27369.10 doing a good 1000 points move. But Bank Nifty failed to close above our monthly long confirmation level of 27345 after coming close to it twice and we saw profit booking and selling return last week . 

Now in this truncated expiry week we can expect Bank Nifty to trade between 26380 - 27345 unless there is any major news flow.

Now in the coming session Bank Nifty needs to break and sustain above 26805 to test 26900 - 26925 initially and sustaining above it we can see a further upmove till 27005 - 27095. Similarly breaking and sustaining below 26625 we can see a test of 26530 - 26510 initially and sustaining below it we can see a further correction till 26425 - 26335 .


Bank Nifty Spot Levels for the day are

Long above 26805 for 26860 - 26925 - 27095 , SL 26740

Short below 26625 for 26570 - 26510 - 26335 , SL 26690

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 Spot Outlook for 26th Dec

NIFTY


In the previous session Nifty spot opened at 10780.90 made a high of 10782.30 ,  made a low of 10649.25  before closing at 10663.50

Had mentioned that long trade will get triggered for the day on sustaining above 10790 and short trade will get triggered for the day on sustaining below 10715. Nifty triggered our short trade and did 50 points. 


As mentioned " For this week Nifty needs to break and sustain / close above 10855 to test 10955 - 10980 initially and above it we can see a test of 11070 - 11170 . Similarly Nifty needs to break and sustain / close below 10655 to test 10555 - 10525 initially and below it we can see a test of 10440 - 10340. " , and now in the coming session Nifty sustaining below 10655 can see a test 10555 - 10525 initially . 

As mentioned " For the month of December , longs in Nifty will get confirmed with a consecutive close above 11045 for a initial target of 11220 - 11265 and sustaining / closing above it we can see a further test of 11415 - 11585 . Similarly , shorts will get confirmed with a consecutive close below  10710 for a initial target of 10535 - 10490 and sustaining / closing below it we can see a further move till 10340 - 10170 . ", and Nifty had confirmed our monthly shorts and made a low of 10333.85 testing our next target zone of 10340 - 10170 and had mentioned that shorts should be booked near 10340 range and Nifty bounced back 600 points holding the same.  Also had mentioned "Now Nifty has closed above its resistance zone of 10785 - 10875 again and we can see a move towards 11000 this month." , and Nifty has made a high of 10985.15 nearly completing our target. 

Now in the last week Nifty needs to hold above 10710 else we can see a test of 10535 - 10490 on sustaining / closing below it as the global markets continue their weakness .

Now in the coming session Nifty needs to break and sustain above 10705 to test 10745 - 10755 initially and sustaining above it we can see a further upmove till 10790 - 10830. Similarly breaking and sustaining below 10625 we can see a test of 10585 - 10575 initially and breaking and sustaining below it we can see a further correction till 10540 - 10500 .


Nifty Spot Levels for the day are

Long above 10705 for 10725 - 10755 - 10830 , SL 10675

Short below 10625 for 10600 - 10575 - 10500 , SL 10655

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.