Wednesday, 28 February 2018

Bank Nifty Spot Outlook for 01st Mar

BANK NIFTY


Bank Nifty spot opened at 25116.25 , it made a low of 24942 ,  it made a high of 25192.95  before closing at 25107.40

Had mentioned that long positions can be taken above 25475 for the day and short positions can be taken below 25295.  Bank Nifty triggered our short trade and completed all targets for the day giving 280+ points . Had mentioned in the previous posts that once Bank Nifty sustains / closes above 24905 we can expect a pullback and we saw Bank Nifty make a high of 25723.55 holding the same. As mentioned in the previous post " Now in this week Bank Nifty has to sustain / close above 25440 to test 25755 - 25815 initially and above it we can see a move till 26015 - 26325 . Similarly Bank Nifty has to sustain / close below 25165 to test 24850 - 24790 initially and below it we can see a move till 24590 - 24370 .Those who are looking to enter on dips should keep a cbsl of 25080 " , and today we have just closed very close to the cbsl . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 25475 can test 25565 - 25590 and on sustaining above it we can see a further upmove till 25670 - 25760 next. Similarly in the coming session Bank Nifty breaking and sustaining below 25295 we can see a test of 25200 - 25175 initially and breaking and sustaining below it we can see a further correction till 25095 - 25005 next . " , and Bank Nifty made a low of 24942 below our next support zone . 


As per the calendar month end of February today , Now for the month of March , Bank Nifty longs will get confirmed with a consecutive close above 25620 for a initial target of 26155 - 26295 and sustaining / closing above it we can see a further test of 26755 - 27265 . Similarly , shorts will get confirmed with a consecutive close below 24595 for a initial target of 24055 - 23925 and sustaining / closing below it we can see a further test of 23455 - 22945 . 

Now in the coming session Bank Nifty breaking and sustaining above 25200 can test 25300 - 25325 and on sustaining above it we can see a further upmove till 25410 - 25500 next. Similarly in the coming session Bank Nifty breaking and sustaining below 25015 we can see a test of 24915 - 24890 initially and breaking and sustaining below it we can see a further correction till 24805 - 24715 next . 


Bank Nifty Spot Levels for the day are

Long above 25200 for 25260 
– 25325 – 25500 , SL 25080

Short below 25015 for 24955 – 24890 – 24715 , SL 25135

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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 Mar

NIFTY


Nifty spot opened at 10488.95 , it made a low of 10461.55 , it made a high of 10535.50 , before closing at 10492.85

Had mentioned that long positions for the day can be taken above 10580 and short positions can be taken below 10530 . Nifty triggered our short trade and nearly completed all short targets for the day .  As mentioned in the previous post "Last week Nifty had failed to give a close below 10360 for the correction to continue further and we saw Nifty recover to close near 10500 . Now in this week Nifty has to sustain / close above 10535 to test 10625 - 10645 initially and above it we can see a move till 10705 - 10770 . Similarly Nifty has to sustain / close below 10450 to test 10355 - 10335 initially and below it we can see a move till 10275 - 10210 . Those who are looking to enter on dips should keep a cbsl of 10425 " , and today we saw Nifty trade between our long and short trigger levels of 10450 - 10535 . Those who would have taken a long trade with cbsl of 10425 in the dip would have got some points in the upmove that came . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10580 to test 10605 - 10615 initially and sustaining above it we can see a further upmove till 10635 - 10660. Similarly breaking and sustaining below 10530 we can see a test of 10505 - 10495 initially and breaking and sustaining below it we can see a further correction till 10475 - 10445. " , and Nifty made a low of 10461.55 within our next support zone and reversed to make the day high . 

As per the calendar month end for February today ,Now for the month of March ,Nifty longs will get confirmed with a consecutive close above 10635 for a initial target of 10780 - 10820 and sustaining / closing above it we can see a further test of 10950 - 11090 . Similarly , shorts will get confirmed with a consecutive close below  10350 for a initial target of 10205 - 10165 and sustaining / closing below it we can see a further test of 10040 - 9900 . 

Now in the coming session Nifty needs to break and sustain above 10520 to test 10545 - 10555 initially and sustaining above it we can see a further upmove till 10575 - 10600. Similarly breaking and sustaining below 10465 we can see a test of 10440 - 10435 initially and breaking and sustaining below it we can see a further correction till 10410 - 10385 .


Nifty Spot Levels for the day are

Long above 10520 for 10535 - 10555 - 10600 , SL 10485

Short below 10465 for 10450 - 10435 - 10385 , SL 10500

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, 27 February 2018

Bank Nifty Spot Outlook for 28th Feb

BANK NIFTY


Bank Nifty spot opened at 25684.60 , it made a high of 25723.55 ,  it made a low of 25356.40  before closing at 25383.60

Had mentioned that long positions can be taken above 25780 for the day and short positions can be taken below 25595.  Bank Nifty triggered our short trade and completed 2 targets for the day giving 125+ points . Had mentioned in the previous posts that once Bank Nifty sustains / closes above 24905 we can expect a pullback and we saw Bank Nifty make a high of 25723.55 holding the same. As mentioned in the previous post " Now in this week Bank Nifty has to sustain / close above 25440 to test 25755 - 25815 initially and above it we can see a move till 26015 - 26325 . Similarly Bank Nifty has to sustain / close below 25165 to test 24850 - 24790 initially and below it we can see a move till 24590 - 24370 ." , and today we saw Bank Nifty reverse from near its initial resistance zone and correct by around 300+ points . Those who are looking to enter on dips should keep a cbsl of 25080 .

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 25780 can test 25880 - 25905 and on sustaining above it we can see a further upmove till 25990 - 26085 next. Similarly in the coming session Bank Nifty breaking and sustaining below 25595 we can see a test of 25495 - 25470 initially and breaking and sustaining below it we can see a further correction till 25385 - 25295 next . " , and Bank Nifty made a low of 25356.40 within our next support zone . 


For the month of March , longs will get confirmed with a consecutive close above 25395 for a initial target of 25860 - 25975 and sustaining / closing above it we can see a further test of 26375 - 26815 . Similarly , shorts will get confirmed with a consecutive close below 24515 for a initial target of 24050 - 23935 and sustaining / closing below it we can see a further test of 23535 - 23095 . 

Now in the coming session Bank Nifty breaking and sustaining above 25475 can test 25565 - 25590 and on sustaining above it we can see a further upmove till 25670 - 25760 next. Similarly in the coming session Bank Nifty breaking and sustaining below 25295 we can see a test of 25200 - 25175 initially and breaking and sustaining below it we can see a further correction till 25095 - 25005 next . 


Bank Nifty Spot Levels for the day are

Long above 25475 for 25530 
– 25590 – 25760 , SL 25355

Short below 25295 for 25240 – 25175 – 25005 , SL 25410

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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 Feb

NIFTY


Nifty spot opened at 10615.20 , it made a high of 10631.65 , it made a low of 10537.25, before closing at 10554.30

Had mentioned that long positions for the day can be taken above 10610 and short positions can be taken below 10555 . Nifty initially triggered our long trade and  completed just 1 target and took our TSL . Nifty then triggered our short trade and completed just 1 target and again took our TSL . As mentioned in the previous post " Last week Nifty had failed to give a close below 10360 for the correction to continue further and we saw Nifty recover to close near 10500 . Now in this week Nifty has to sustain / close above 10535 to test 10625 - 10645 initially and above it we can see a move till 10705 - 10770 . Similarly Nifty has to sustain / close below 10450 to test 10355 - 10335 initially and below it we can see a move till 10275 - 10210 . " , and today we saw Nifty test its initial resistance zone of 10625 - 10645 and reverse till near our long trigger of 10535 . Those who are looking to enter on dips should keep a cbsl of 10425  .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10610 to test 10635 - 10645 initially and sustaining above it we can see a further upmove till 10665 - 10690. Similarly breaking and sustaining below 10555 we can see a test of 10530 - 10525 initially and breaking and sustaining below it we can see a further correction till 10500 - 10475. " , and Nifty made a high of 10631.65 just below our initial resistance zone and reversed to make a low of 10537.20 just above our initial support zone . Nifty traded range bound the entire session and we should see a bigger move in the coming sessions .

For the month of March , longs will get confirmed with a consecutive close above 10520 for a initial target of 10655 - 10695 and sustaining / closing above it we can see a further test of 10815 - 10950 . Similarly , shorts will get confirmed with a consecutive close below  10250 for a initial target of 10110 - 10075 and sustaining / closing below it we can see a further test of 9950 - 9820 . 

Now in the coming session Nifty needs to break and sustain above 10580 to test 10605 - 10615 initially and sustaining above it we can see a further upmove till 10635 - 10660. Similarly breaking and sustaining below 10530 we can see a test of 10505 - 10495 initially and breaking and sustaining below it we can see a further correction till 10475 - 10445 .


Nifty Spot Levels for the day are

Long above 10580 for 10595 - 10615 - 10660 , SL 10545

Short below 10530 for 10515- 10495 - 10445 , SL 10565

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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, 26 February 2018

Bank Nifty Spot Outlook for 27th Feb

BANK NIFTY


Bank Nifty spot opened at 25452.00 , it made a low of 25381.20 ,  it made a high of 25722.15  before closing at 25687.90

Had mentioned that long positions can be taken above 25385 for the day and short positions can be taken below 25220 .  Bank Nifty triggered our long trade and completed and all long targets for the day giving 250+ points . Had mentioned in the previous posts that once Bank Nifty sustains / closes above 24905 we can expect a pullback and we saw Bank Nifty make a high of 25722.15 holding the same. As mentioned in the previous post " Now in this week Bank Nifty has to sustain / close above 25440 to test 25755 - 25815 initially and above it we can see a move till 26015 - 26325 . Similarly Bank Nifty has to sustain / close below 25165 to test 24850 - 24790 initially and below it we can see a move till 24590 - 24370 ." , and in the coming session Bank Nifty can test its initial resistance zone of 25755 - 25815 and closing above it we can see the next targets . Those who are looking to enter on dips should keep a cbsl of 25080 .

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 25385 can test 25475 - 25495 and on sustaining above it we can see a further upmove till 25570 - 25655 next. Similarly in the coming session Bank Nifty breaking and sustaining below 25220 we can see a test of 25130 - 25110 initially and breaking and sustaining below it we can see a further correction till 25035 - 24950 next . " , and Bank Nifty made a high of 25722.15 above our next resistance zone and also closed above it .


For the month of March , longs will get confirmed with a consecutive close above 25395 for a initial target of 25860 - 25975 and sustaining / closing above it we can see a further test of 26375 - 26815 . Similarly , shorts will get confirmed with a consecutive close below 24515 for a initial target of 24050 - 23935 and sustaining / closing below it we can see a further test of 23535 - 23095 . 

Now in the coming session Bank Nifty breaking and sustaining above 25780 can test 25880 - 25905 and on sustaining above it we can see a further upmove till 25990 - 26085 next. Similarly in the coming session Bank Nifty breaking and sustaining below 25595 we can see a test of 25495 - 25470 initially and breaking and sustaining below it we can see a further correction till 25385 - 25295 next . 


Bank Nifty Spot Levels for the day are

Long above 25780 for 25840 
– 25905 – 26085 , SL 25660

Short below 25595 for 25535 – 25470 – 25290 , SL 25715

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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 Feb

NIFTY


Nifty spot opened at 10526.55 , it made a low of 10520.20 , it made a high of 10592.95, before closing at 10582.60

Had mentioned that long positions for the day can be taken above 10515 and short positions can be taken below 10465 . Nifty triggered our long trade and  completed all  long targets for the day giving 70 points . As mentioned in the previous post " Last week Nifty had failed to give a close below 10360 for the correction to continue further and we saw Nifty recover to close near 10500 . Now in this week Nifty has to sustain / close above 10535 to test 10625 - 10645 initially and above it we can see a move till 10705 - 10770 . Similarly Nifty has to sustain / close below 10450 to test 10355 - 10335 initially and below it we can see a move till 10275 - 10210 . " , and we can see Nifty test its initial resistance zone of 10625 - 10645 now and incase of closing above it we can expect a move towards the next targets . Those who have entered longs or looking to enter on dips should keep a cbsl of 10425  .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10515 to test 10545 - 10550 initially and sustaining above it we can see a further upmove till 10575 - 10595. Similarly breaking and sustaining below 10465 we can see a test of 10440 - 10435 initially and breaking and sustaining below it we can see a further correction till 10410 - 10385. " , and Nifty made a high of 10592.95 above our next resistance zone and also closed above it . 


For the month of March , longs will get confirmed with a consecutive close above 10520 for a initial target of 10655 - 10695 and sustaining / closing above it we can see a further test of 10815 - 10950 . Similarly , shorts will get confirmed with a consecutive close below  10250 for a initial target of 10110 - 10075 and sustaining / closing below it we can see a further test of 9950 - 9820 . 

Now in the coming session Nifty needs to break and sustain above 10610 to test 10635 - 10645 initially and sustaining above it we can see a further upmove till 10665 - 10690. Similarly breaking and sustaining below 10555 we can see a test of 10530 - 10525 initially and breaking and sustaining below it we can see a further correction till 10500 - 10475 .


Nifty Spot Levels for the day are

Long above 10610 for 10625 - 10645 - 10690 , SL 10575

Short below 10555 for 10540 - 10525 - 10475 , SL 10590

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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, 25 February 2018

Bank Nifty Spot Outlook for 26th Feb

BANK NIFTY


Bank Nifty spot opened at 25002.25 , it made a low of 24962.85 ,  it made a high of 25345.15  before closing at 25302.50 

Had mentioned that long positions can be taken above 25035 for the day and short positions can be taken below 24875 .  Bank Nifty triggered our long trade and completed and all long targets for the day giving 260 points . Had mentioned in the previous post that once Bank Nifty sustains / closes above 24905 we can expect a pullback and we saw Bank Nifty make a high of 25345 holding the same. Now in this week Bank Nifty has to sustain / close above 25440 to test 25755 - 25815 initially and above it we can see a move till 26015 - 26325 . Similarly Bank Nifty has to sustain / close below 25165 to test 24850 - 24790 initially and below it we can see a move till 24590 - 24370 .

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 25035 can test 25120 - 25145 and on sustaining above it we can see a further upmove till 25215 - 25295 next. Similarly in the coming session Bank Nifty breaking and sustaining below 24875 we can see a test of 24790 - 24770 initially and breaking and sustaining below it we can see a further correction till 24695 - 24615 next . " , and Bank Nifty made a high of 25345.15 above our next resistance zone and also closed above it .


For the month of March , longs will get confirmed with a consecutive close above 25395 for a initial target of 25860 - 25975 and sustaining / closing above it we can see a further test of 26375 - 26815 . Similarly , shorts will get confirmed with a consecutive close below 24515 for a initial target of 24050 - 23935 and sustaining / closing below it we can see a further test of 23535 - 23095 . 

Now in the coming session Bank Nifty breaking and sustaining above 25385 can test 25475 - 25495 and on sustaining above it we can see a further upmove till 25570 - 25655 next. Similarly in the coming session Bank Nifty breaking and sustaining below 25220 we can see a test of 25130 - 25110 initially and breaking and sustaining below it we can see a further correction till 25035 - 24950 next . 


Bank Nifty Spot Levels for the day are

Long above 25385 for 25435 
– 25495 – 25655 , SL 25275

Short below 25220 for 25165 – 25110 – 24950 , SL 25330

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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 Feb

NIFTY


Nifty spot opened at 10408.10 , it made a low of 10396.65 , it made a high of 10499.10, before closing at 10491.05

Had mentioned that long positions for the day can be taken above 10410 and short positions can be taken below 10355 . Nifty triggered our long trade and  completed all  long targets for the day giving 75 points . Last week Nifty had failed to give a close below 10360 for the correction to continue further and we saw Nifty recover to close near 10500 . Now in this week Nifty has to sustain / close above 10535 to test 10625 - 10645 initially and above it we can see a move till 10705 - 10770 . Similarly Nifty has to sustain / close below 10450 to test 10355 - 10335 initially and below it we can see a move till 10275 - 10210 . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10410 to test 10435 - 10440 initially and sustaining above it we can see a further upmove till 10460 - 10485. Similarly breaking and sustaining below 10355 we can see a test of 10330 - 10325 initially and breaking and sustaining below it we can see a further correction till 10305 - 10280 . " , and Nifty made a high of 10499.10 above our next resistance zone and also closed above it . 


For the month of March , longs will get confirmed with a consecutive close above 10520 for a initial target of 10655 - 10695 and sustaining / closing above it we can see a further test of 10815 - 10950 . Similarly , shorts will get confirmed with a consecutive close below  10250 for a initial target of 10110 - 10075 and sustaining / closing below it we can see a further test of 9950 - 9820 . 

Now in the coming session Nifty needs to break and sustain above 10515 to test 10545 - 10550 initially and sustaining above it we can see a further upmove till 10575 - 10595. Similarly breaking and sustaining below 10465 we can see a test of 10440 - 10435 initially and breaking and sustaining below it we can see a further correction till 10410 - 10385 .


Nifty Spot Levels for the day are

Long above 10515 for 10530 - 10550 - 10595 , SL 10480

Short below 10465 for 10450 - 10435 - 10385 , SL 10500

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, 24 February 2018

Weekly Spot Outlook Of Bank Nifty from 26th Feb to 02nd Mar

BANK NIFTY

This week Bank Nifty spot went down by 382 points and then went down up 181 points before finally ending the week with a gain of 139 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 25425 to trigger uptrend and Bank Nifty spot needed to break and sustain below 24905 to trigger downtrend for the week. Bank Nifty made a high of 25345.15 and a low of 24781.70 for the week . 


As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 25425 for a test of 25700 - 25770 initially and closing above it we can see a further move till 26005 - 26265 . Similarly on sustaining / closing below 24905 we can see a test of 24630 - 24560 initially and closing below it we can see a test of 24325 - 24065 . Those who are holding shorts entered below 27275 should now move their trailing cbsl further to 25425 and should further move it to 25085 once we get a close below 24905 . Trailing the weekly cbsl helps us to take bigger points once we enter a position as per monthly levels . Bank Nifty sustaining / closing below 25160 can give a further downmove till 24760 - 24660 levels initially and below it we can see a further correction till 24315 - 23950 next . " , and Bank Nifty made a low of 24781.70 just above our initial support zone of 24760 - 24660 and also took our trailing cbsl at 25085 this week still giving us nearly 2000 points from the positional short trade .


Now in the coming week Bank Nifty needs to break and sustain / close above 25440 for a test of 25755 - 25815 initially and closing above it we can see a further move till 26015 - 26235. Similarly on sustaining / closing below 25165 we can see a test of 24850 - 24790 initially and closing below it we can see a test of 24590 - 24370 . Those who were holding shorts entered below 27275 have now got the trailing cbsl triggered at 25085 . Now Bank Nifty has resistance near 25755 - 25815 on sustaining / closing above 25525 and those who are looking to enter fresh shorts should keep a strict cbsl of 25920 . Those are entering longs above 25525 should keep a cbsl of 25370 and look to book near 25755 - 25815 or hold further only if we get a close above 25920 .

For the month of February shorts have been confirmed below 26975 for a initial target of 26405 - 26295 and breaking and sustaining / closing below it we can see a test of 25940 - 25540 . Fresh long will be confirmed on a consecutive close above 27620 for a initial target of 28040 - 28150 and breaking and sustaining / closing above it we can see a test of 28505 - 28905 . Now as our monthly short targets are done , for further downmove now Bank Nifty needs to give a close below 25160 spot to test 24760 - 24660 levels initially and below it we can see a test of 24315 - 23950 . Taking support near 25305 - 25160 zone we can expect a pull back till 25775 - 25920 levels initially.


Bank Nifty Spot Levels for the week are

Long above 25440, Tgt 25525 - 25590 - 25660

IF Bank Nifty spot manages to get a close / sustain above 25755 then 

long again for 25815 - 26015 - 26235

Short below 25165 , Tgt 25080 - 25015 - 24945

IF Bank Nifty spot manages to get a close / sustain below 24850 then 

short again for 24790 - 24590 - 24370


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 26th Feb to 02nd Mar

NIFTY

This week Nifty spot went down by 150 points and then went up by 47 points before finally ending the week with a gain of 39 points compared to last weekly closing. Nifty had made a new life time high of 11171.55 in January.


As per levels given for the previous week Nifty Spot needed to break and sustain above 10515 to trigger uptrend and Nifty spot needed to break and sustain below 10390 to trigger downtrend for the week. Nifty made a high of 10499.10 and a low of 10302.75 for the week. 

In the previous week had mentioned that " Now in the coming week Nifty needs to break and sustain above 10515 to test 10650 - 10680 initially and above it we can see a test of 10765 - 10860 . Breaking and sustaining below 10390 we can see a test of 10260 - 10230 initially and below it we can see a test of 10145 - 10050Those who are holding shorts entered near 11175 with cbsl of 11195 as mentioned in the previous weekly post 2 weeks ago and had trailed their cbsl to 10730 as mentioned last week should now further move the trailing cbsl to 10550 in the coming week and also look to book if Nifty does not break and sustain below 10360 . Nifty has support near 10390 - 10360 now in the coming week .  "  and Nifty made a low of 10302.75 completing our initial 3 weekly short targets but it held the lower end of the support zone of 10390 - 10360 by not giving a close below 10360 on closing basis . Now as mentioned one should have booked the shorts as we did not get a close below 10360 even though our weekly trailing cbsl of 10550 is yet to be taken . Those who are yet to book the shorts entered near 11175 should look to book in the coming week on Nifty sustaining or closing above 10550 now as it would still give around 600 points from the positional short trade . 


Now in the coming week Nifty needs to break and sustain above 10535 to test 10625 - 10645 initially and above it we can see a test of 10705 - 10770 . Breaking and sustaining below 10450 we can see a test of 10355 - 10335 initially and below it we can see a test of 10275 - 10210.  Those who are yet to book the shorts entered near 11175 should look to book in the coming week on Nifty sustaining or closing above 10550 and take around 600 points from the positional short trade . The short position can be held if Nifty gives a close below 10450 with a further trailing cbsl of 10475 . Nifty has support near 10355 - 10335 now in the coming week . Nifty can face resistance near 10660 - 10700 zone on the upside .


For the month of February shorts are confirmed with a close below 10965 for a initial target of 10775 - 10745 and closing / sustaining below 10745 we can see a test of 10635 - 10515 . Fresh longs will get confirmed with a consecutive close above 11150 for a initial target of 11280 - 11310 and closing / sustaining above it we can see a test of 11420 - 11545 . Now as our montly targets are done , for further downmove now Nifty needs to give a close below 10390 spot to test 10240 -  10200 levels initially and below it we can see a test of 10050 - 9950 . Taking support near 10390 - 10450 zone we can expect a pull back till 10620 - 10675 initially . 


Nifty Spot Levels for the week are

Long above 10535 , Tgt  10560 - 10580 - 10600

IF Nifty spot manages to get a close / sustain above 10625 then ,

long again for 10645 - 10705 - 10770

Short below 10450 , Tgt 10425 - 10405 - 10385

IF Nifty spot manages to get a close / sustain below 10355 then, 

short again for 10335 - 10275 - 10210

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 .

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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.