Wednesday, 31 January 2018

Bank Nifty Spot Outlook for 01st Feb

BANK NIFTY


Bank Nifty spot opened at 27136.25 , it made a low of 27116.95 ,  it made a high of 27455.75  before closing at 27379.45 .

Had mentioned that long positions can be taken above 27340 for the day and short positions can be taken below 27195 .  Bank Nifty initially triggered our short trade and nearly completed 2 targets before our TSL . Bank Nifty then triggered our long trade and completed 2 targets  . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 27340 can test 27415 - 27435 and on sustaining above it we can see a further upmove till 27500 - 27575 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27195 we can see a test of 27120 - 27100 initially and breaking and sustaining below it we can see a further correction till 27035 - 26965 next . " , and Bank Nifty made a low of 27116.95  within our initial support zone and bounced back to go up and test our initial resistance zone.


Now in the coming session Bank Nifty breaking and sustaining above 27445 can test 27520 - 27540 and on sustaining above it we can see a further upmove till 27600 - 27665 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27310 we can see a test of 27240 - 27220 initially and breaking and sustaining below it we can see a further correction till 27160 - 27090 next . 


Bank Nifty Spot Levels for the day are

Long above 27445 for 27490 
– 27535 – 27665 , SL 27355

Short below 27310 for 27270 – 27220 – 27090 , SL 27400

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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 Feb

NIFTY


Nifty spot opened at 11018.80 , it made a high of 11058.50 , it made a low of 10979.30 , before closing at 11027.70 .

Had mentioned that long positions for the day can be taken above 11075 and short positions can be taken below 11025 . Nifty triggered our short trade and completed 2 targets . Nifty had reversed from just before our initial weekly resistance zone of 11175 - 11190 this week . Now Nifty needs to hold 11015 on closing basis in the coming session for a bounce back to be expected again towards the highs .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 11075 to test 11095 - 11100 initially and sustaining above it we can see a further upmove till 11120 - 11145 . Similarly breaking and sustaining below 11025 we can see a test of 11005 - 11000 initially and breaking and sustaining below it we can see a further correction till 10975 - 10955 . " , and Nifty made a low of 10979.30 just above our next support zone . Nifty has its weekly support at 11035 - 11015 which should be held on closing basis for a bounce back to the highs . Breaking and sustaining below the weekly support we can expect a test of 10965 - 10950 initially and below it till 10905 - 10855. 

Now in the coming session Nifty needs to break and sustain above 11050 to test 11075 - 11080 initially and sustaining above it we can see a further upmove till 11100 - 11120. Similarly breaking and sustaining below 11005 we can see a test of 10980 - 10975 initially and breaking / sustaining below it we can see a further correction till 10955 - 10935 .


Nifty Spot Levels for the day are

Long above 11050 for 11065 - 11080 - 11120 , SL 11020

Short below 11005 for 10990 - 10975 - 10935 , SL 11035

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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, 30 January 2018

Bank Nifty Spot Outlook for 31st Jan

BANK NIFTY


Bank Nifty spot opened at 27446.10 , it made a high of 27470.25 ,  it made a low of 27242.05  before closing at 27269.05 .

Had mentioned that long positions can be taken above 27560 for the day and short positions can be taken below 27435 .  Bank Nifty initially triggered our short trade and nearly completed all 3 targets giving 175 points . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 27560 can test 27625 - 27645 and on sustaining above it we can see a further upmove till 27700 - 27765 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27435 we can see a test of 27370 - 27355 initially and breaking and sustaining below it we can see a further correction till 27295 - 27235 next . " , and Bank Nifty made a low of 27242.05  .


Now in the coming session Bank Nifty breaking and sustaining above 27340 can test 27415 - 27435 and on sustaining above it we can see a further upmove till 27500 - 27575 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27195 we can see a test of 27120 - 27100 initially and breaking and sustaining below it we can see a further correction till 27035 - 26965 next . 


Bank Nifty Spot Levels for the day are

Long above 27340 for 27385 
– 27435 – 27575 , SL 27245

Short below 27195 for 27150 – 27100 – 26965 , SL 27290

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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 Jan

NIFTY


Nifty spot opened at 11120.85 , it made a high of 11121.10 , it made a low of 11033.90 , before closing at 11049.65 .

Had mentioned that long positions for the day can be taken above 11150 and short positions can be taken below 11110 . Nifty triggered our short trade and completed all targets . Nifty had reversed from just before our initial weekly resistance zone of 11175 - 11190 in the previous session . Now Nifty needs to hold 11015 on closing basis in the coming session for a bounce back to be expected again towards the highs .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 11150 to test 11170 - 11175 initially and sustaining above it we can see a further upmove till 11195 - 11215 . Similarly breaking and sustaining below 11110 we can see a test of 11090 - 11085 initially and breaking and sustaining below it we can see a further correction till 11070 - 11050 . " , and Nifty made a low of 11033.90 . Nifty has its weekly support at 11035 - 11015 which should be watched in the coming session as sustaining below it we can see a test of 10965 - 10950 . Holding the support we can see a bounce back to the highs .

Now in the coming session Nifty needs to break and sustain above 11075 to test 11095 - 11100 initially and sustaining above it we can see a further upmove till 11120 - 11145. Similarly breaking and sustaining below 11025 we can see a test of 11005 - 11000 initially and breaking / sustaining below it we can see a further correction till 10975 - 10955 .


Nifty Spot Levels for the day are

Long above 11075 for 11085 - 11100 - 11145 , SL 11045

Short below 11025 for 11015 - 11000 - 10955 , SL 11055

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.

Monday, 29 January 2018

Bank Nifty Spot Outlook for 30th Jan

BANK NIFTY


Bank Nifty spot opened at 27446.10 , it made a low of 27407.40 ,  it made a new lifetime high of 27652.05  before closing at 27498.45 .

Had mentioned that long positions can be taken above 27510 for the day and short positions can be taken below 27380 .  Bank Nifty initially triggered our long trade and completed  2 targets . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 27510 can test 27575 - 27595 and on sustaining above it we can see a further upmove till 27650 - 27715 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27380 we can see a test of 27315 - 27295 initially and breaking and sustaining below it we can see a further correction till 27240 - 27175 next . " , and Bank Nifty made a high of 27652.05 just within our next resistance zone .


Now in the coming session Bank Nifty breaking and sustaining above 27560 can test 27625 - 27645 and on sustaining above it we can see a further upmove till 27700 - 27765 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27435 we can see a test of 27370 - 27355 initially and breaking and sustaining below it we can see a further correction till 27295 - 27235 next . 


Bank Nifty Spot Levels for the day are

Long above 27560 for 27600 
– 27645 – 27765 , SL 27480

Short below 27435 for 27395 – 27355 – 27235 , SL 27515

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 30th Jan

NIFTY


Nifty spot opened at 11079.35 , it made a low of 11075.95 , it made a new lifetime high of 11171.55 , before closing at 11130.40 .

Had mentioned that long positions for the day can be taken above 11090 and short positions can be taken below 11050 . Nifty triggered our long trade and completed all 3 targets giving 60 points . Nifty today reversed from just before our initial weekly resistance zone of 11175 - 11190 but gave a close above our  weekly long confirmation level . Nifty now needs to hold above 11055 to see a retest of its highs tomorrow .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 11090 to test 11110 - 11115 initially and sustaining above it we can see a further upmove till 11135 - 11150 . Similarly breaking and sustaining below 11050 we can see a test of 11030 - 11025 initially and breaking and sustaining below it we can see a further correction till 11010 - 10990 . " , and Nifty made a high of 11171.55 and completed all our targets  . 

Now in the coming session Nifty needs to break and sustain above 11150 to test 11170 - 11175 initially and sustaining above it we can see a further upmove till 11195 - 11215. Similarly breaking and sustaining below 11110 we can see a test of 11090 - 11085 initially and breaking / sustaining below it we can see a further correction till 11070 - 11050 .


Nifty Spot Levels for the day are

Long above 11150 for 11160 - 11175 - 11215 , SL 11125

Short below 11110 for 11100 - 11085 - 11050 , SL 11136

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.

Sunday, 28 January 2018

Bank Nifty Spot Outlook for 29th Jan

BANK NIFTY


Bank Nifty spot opened at 27414.10 , it made a low of 27151.75 ,  it made a new lifetime high of 27522.85  before closing at 27445.65 .

Had mentioned that long positions can be taken above 27460 for the day and short positions can be taken below 27335 .  Bank Nifty initially triggered our short trade and completed nearly completed all 3 short targets before taking our TSL . Bank Nifty then triggered our long trade and completed just 1 target . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 27460 can test 27525 - 27545 and on sustaining above it we can see a further upmove till 27600 - 27660 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27335 we can see a test of 27270 - 27255 initially and breaking and sustaining below it we can see a further correction till 27200 - 27135 next . " , and Bank Nifty made a low of 27151.75 within our next support zone and bounced back sharply to nearly touch our initial resistance zone . 


Now in the coming session Bank Nifty breaking and sustaining above 27510 can test 27575 - 27595 and on sustaining above it we can see a further upmove till 27650 - 27715 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27380 we can see a test of 27315 - 27295 initially and breaking and sustaining below it we can see a further correction till 27240 - 27175 next . 


Bank Nifty Spot Levels for the day are

Long above 27510 for 27550 
– 27595 – 27715 , SL 27425

Short below 27380 for 27345 – 27295 – 27175 , SL 27465

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 29th Jan

NIFTY


Nifty spot opened at 11095.60 which was also the high , it made a low of 11009.20 , before closing at 11069.65.

Had mentioned that long positions for the day can be taken above 11105 and short positions can be taken below 11070 . Nifty triggered our short trade and completed all 3 target giving 60 points . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 11105 to test 11125 - 11130 initially and sustaining above it we can see a further upmove till 11145 - 11160 . Similarly breaking and sustaining below 11070 we can see a test of 11050 - 11045 initially and breaking and sustaining below it we can see a further correction till 11030 - 11010 . " , and Nifty made a low of 11009.65 and completed all our targets  . 

Now in the coming session Nifty needs to break and sustain above 11090 to test 11110 - 11115 initially and sustaining above it we can see a further upmove till 11135 - 11150. Similarly breaking and sustaining below 11050 we can see a test of 11030 - 11025 initially and breaking / sustaining below it we can see a further correction till 11010 - 10990 .


Nifty Spot Levels for the day are

Long above 11090 for 11100 - 11115 - 11150 , SL 11065

Short below 11050 for 11040 - 11025 - 10990 , SL 11075

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, 27 January 2018

Weekly Spot Outlook of Bank Nifty for 29th Jan to 02nd Feb

BANK NIFTY

This week Bank Nifty spot went down by 68 points and went up by 613 points over last weeks close before finally ending the week with a gain of 536 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 27085 to confirm uptrend and Bank Nifty spot needed to break and sustain below 26735 to confirm downtrend for the week. Bank Nifty made a high of 27522.85 and a low of 26841.20 for the week . 


Bank Nifty this week triggered our weekly long trade and completed 5 weekly long targets . As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 27085 for a test of 27270 - 27320 initially and closing above it we can see a further move till 27480 - 27650 . Similarly on sustaining / closing below 26735 we can see a test of 26550 - 26500 initially and closing below it we can see a test of 26340 - 26165 . Those who entered longs above 25820 last week and are still holding should now move their trailing weekly cbsl to 26735 spot . Those who are looking to enter fresh shorts on further upmove should keep a strict cbsl of 27320 spot . " , and Bank Nifty made a high of 27522.85 this week . Those who were looking to enter fresh shorts their cbsl got hit . 


Now in the coming week Bank Nifty needs to break and sustain / close above 27615 for a test of 27795 - 27835 initially and closing above it we can see a further move till 27990 - 28160. Similarly on sustaining / closing below 27275 we can see a test of 27100 - 27055 initially and closing below it we can see a test of 26900 - 26735 . Those who holding longs entered above 25820 with the trailing cbsl of 26735 mentioned last week , should now further move their weekly trailing cbsl to 27275 and should look to book if Bank Nifty is unable to break and sustain above 27795 - 27835 once weekly longs are confirmed . Those who are looking to enter fresh shorts on further upmove should keep a strict cbsl of 27850 spot


In the month of January longs were confirmed on getting a consecutive close above 25760 and our initial targets were completed at 26465 and we have been holding our long positions with weekly trailing cbsl and have been able to catch the entire move so far . 


Bank Nifty Spot Levels for the week are

Long above 27550 , Tgt 27615 - 27665 - 27720

IF Bank Nifty spot manages to get a close / sustain above 27795 then 

long again for 27835 - 27990 - 28160

Short below 27340 , Tgt 27275 - 27225 - 27175

IF Bank Nifty spot manages to get a close / sustain below 27100 then 

short again for 27055 - 26900 - 26735


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 .

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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 29th Jan to 02nd Feb

NIFTY

This week Nifty spot went down by 13 points and went up by 215 points before finally ending the week with a gain of 175 points compared to last weekly closing. Nifty made a new life time high of 11110.10 this week .


As per levels given for the previous week Nifty Spot needed to break and sustain above 10935 to confirm uptrend and Nifty spot needed to break and sustain below 10855 to confirm downtrend for the week. Nifty made a high of 11110.10 and a low of 10881.40 for the week. 


In the previous week had mentioned that " Now in the coming week Nifty needs to break and sustain above 10935 to test 10975 - 10985 initially and above it we can see a test of 11020 - 11060 . Breaking and sustaining below 10855 we can see a test of 10815 - 10805 initially and below it we can see a test of 10770 - 10730 . Those who are holding longs entered on sustaining above 10615 and had trailed their cbsl to 10655 as mentioned in the previous weekly post , should now further move their trailing weekly cbsl to 10855 spot and look to book if Nifty dies not close above 10935 . Those who are looking to enter short positions next week near 10975 - 11000 should keep a strict cbsl of 11060 . " , and Nifty made a high of 11110.10 holding our trailing cbsl of 10855 . Those who were looking for fresh shorts their cbsl got hit .


Now in the coming week Nifty needs to break and sustain above 11120 to test 11175 - 11190 initially and above it we can see a test of 11235 - 11285 . Breaking and sustaining below 11015 we can see a test of 10965 - 10950 initially and below it we can see a test of 10905 - 10855.  Those who are holding longs entered on sustaining above 10615 and had trailed their cbsl to 10855 as mentioned in the previous weekly post ,  should now again further move their trailing weekly cbsl to 11015 spot and look to book if Nifty does not close above 11195  . Nifty has resistance near 11175 - 11195 now in the coming week .  Those who are looking to enter short positions in the coming week should keep a strict cbsl of 11195 spot .


In the month of January fresh longs were confirmed with a consecutive close above 10615 and our initial expected targets were completed at 10875 and we have been holding our long positions with weekly trailing stoploss and have been able to catch the entire move so far . 


Nifty Spot Levels for the week are

Long above 11100 , Tgt  11120 - 11135 - 11155

IF Nifty spot manages to get a close / sustain above 11175 then ,

long again for 11190 - 11235 - 11285

Short below 11035 , Tgt 11015 - 11005 - 10985

IF Nifty spot manages to get a close / sustain below 10965 then, 

short again for 10950 - 10905 - 10855

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.

Wednesday, 24 January 2018

Bank Nifty Spot Outlook for 25th Jan

BANK NIFTY


Bank Nifty spot opened at 27310.15 ,made a new lifetime high of 27479.25 , it made a low of 27219.45 ,   before closing at 27398.55 .

Had mentioned that long positions can be taken above 27450 for the day and short positions can be taken below 27330 .  Bank Nifty triggered our long trade but did not complete any target and took our stoploss . Bank  Nifty then triggered our short trade and completed 2 targets for the day . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 27450 can test 27515 - 27530 and on sustaining above it we can see a further upmove till 27585 - 27645 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27330 we can see a test of 27265 - 27250 initially and breaking and sustaining below it we can see a further correction till 27195 - 27135 next . " , and Bank Nifty made a low of 27219.45  below our initial support zone . 


Now in the coming session Bank Nifty breaking and sustaining above 27460 can test 27525 - 27545 and on sustaining above it we can see a further upmove till 27600 - 27660 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27335 we can see a test of 27270 - 27255 initially and breaking and sustaining below it we can see a further correction till 27200 - 27135 next . 


Bank Nifty Spot Levels for the day are

Long above 27460 for 27500 
– 27545 – 27660 , SL 27375

Short below 27335 for 27300 – 27255 – 27135 , SL 27420

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.