Tuesday, 27 March 2018

Bank Nifty Spot Outlook for 28th Mar

BANK NIFTY


Bank Nifty spot opened at 24396.40 , it made a high of 24496.95 ,  it made a low of 24266.40 before closing at 24434.15

Had mentioned that long positions can be taken above 24355 for the day and short positions can be taken below 24135. Bank Nifty triggered our long trade for the day and completed 2 long targets . Had mentioned in the previous post " Now in the coming week Bank Nifty needs to break and sustain / close above 23855 to test 24050 - 24100 initially and above it 24265 - 24450 next. Similarly Bank Nifty needs to break and sustain / close below 23485 to test 23290 - 23240 initially and below it 23075 - 22890 next ." , and Bank Nifty had confirmed our weekly long trade in the previous session and today completed all our weekly long targets giving nearly 600+ points from the weekly trade . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 24355 can test 24470 - 24495 and on sustaining above it we can a further upmove till 24595 - 24705 next .Similarly in the coming session Bank Nifty breaking and sustaining below 24135 we can see a test of 24020 - 23990 initially and breaking and sustaining below it we can see a further correction till 23895 - 23785 next "  , and today Bank Nifty made a high 24496.95 completing our initial targets .  


Had mentioned at the start of the month that " 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 ." , and Bank Nifty has so far made a low of 23605.60 after triggering our monthly shorts . Bank Nifty has now bounced nearly 900 points from the lows made last week .

Now in the coming session Bank Nifty breaking and sustaining above 24545 can test 24665 - 24695 and on sustaining above it we can see a further upmove till 24795 - 24910 next. Similarly in the coming session Bank Nifty breaking and sustaining below 24320 we can see a test of 24205 - 24175 initially and breaking and sustaining below it we can see a further correction till 24075 - 23960 next . 


Bank Nifty Spot Levels for the day are

Long above 24545 for 24615 
– 24695 – 24910 , SL 24400

Short below 24320 for 24255 – 24175 – 23960 , SL 24470

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 Mar

NIFTY


Nifty spot opened at 10188 , it made a high of 10207.90 , it made a low of 10139.65, before closing at 10184.15

Had mentioned that long positions for the day can be taken above 10165 and short positions can be taken below 10095 . Nifty triggered our long trade for the day and completed 2 targets . Had mentioned in the previous post " Now in the coming week Nifty needs to break and sustain / close above 10050 for a test of 10120 - 10135 initially and above it till 10195 - 10260 .Similarly Nifty needs to break and sustain / close below 9920 to test 9850 - 9830 initially and below it till 9770 - 9705 next. ", and Nifty triggered our weekly longs in the previous session and today made a high of 10207.90 testing our last long target zone of 10195 - 10260 for the week .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10165 to test 10200 - 10210 initially and sustaining above it we can see a further upmove till 10240 - 10275. Similarly breaking and sustaining below 10095 we can see a test of 10060 - 10050 initially and breaking and sustaining below it we can see a further correction till 10020 - 9985 " , and Nifty made a high of 10207.90 completing our initial targets.  

Had mentioned once March began that " 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 ." , and today Nifty made a low of 9951.90 and nearly tested our next targets at 10040 - 9900  for the month . As mentioned in the previous posts " Now closing / sustaining below 10165 is needed for further correction till 10040 - 9900  . Nifty has immediate resistance near 10455 - 10485 . " , Nifty has made a low of 9951.90 last week just near our last expected target of 9900 and has bounced nearly 250 points .

Now in the coming session Nifty needs to break and sustain above 10220 to test 10260 - 10270 initially and sustaining above it we can see a further upmove till 10300 - 10335. Similarly breaking and sustaining below 10145 we can see a test of 10110 - 10100 initially and breaking and sustaining below it we can see a further correction till 10065 - 10030.


Nifty Spot Levels for the day are

Long above 10220 for 10245 - 10270 - 10335 , SL 10175

Short below 10145 for 10125 - 10000 - 10030 , SL 10195

Expected Expiry Range is as follows

Upper End - 10267

Lower End - 10101


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, 26 March 2018

Bank Nifty Spot Outlook for 27th Mar

BANK NIFTY


Bank Nifty spot opened at 23674.90 , it made a low of 23657.05 ,  it made a high of 24290.65 before closing at 24244

Had mentioned that long positions can be taken above 23740 for the day and short positions can be taken below 23600. Bank Nifty triggered our long trade for the day and completed all our long targets giving 225 points . Had mentioned in the previous post " Now in the coming week Bank Nifty needs to break and sustain / close above 23855 to test 24050 - 24100 initially and above it 24265 - 24450 next. Similarly Bank Nifty needs to break and sustain / close below 23485 to test 23290 - 23240 initially and below it 23075 - 22890 next ." , and Bank Nifty confirmed weekly long trade and tested our last long targets giving overall 500+ points. 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 23740 can test 23815 - 23835 and on sustaining above it we can a further upmove till 23895 - 23965 next .Similarly in the coming session Bank Nifty breaking and sustaining below 23600 we can see a test of 23530 - 23510 initially and breaking and sustaining below it we can see a further correction till 23445 - 23375 next "  , and today Bank Nifty made a high 24290.65 after confirming our weekly long trade . 


Had mentioned at the start of the month that " 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 ." , and Bank Nifty has so far made a low of 23605.60 after triggering our monthly shorts . Now Bank Nifty has immediate resistance near 23925 - 24055 zone in the coming sessions .

Now in the coming session Bank Nifty breaking and sustaining above 24355 can test 24470 - 24495 and on sustaining above it we can see a further upmove till 24595 - 24705 next. Similarly in the coming session Bank Nifty breaking and sustaining below 24135 we can see a test of 24020 - 23990 initially and breaking and sustaining below it we can see a further correction till 23895 - 23785 next . 


Bank Nifty Spot Levels for the day are

Long above 24355 for 24420 
– 24495 – 24705 , SL 24210

Short below 24135 for 24070 – 23990 – 23785 , SL 24280

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 Mar

NIFTY


Nifty spot opened at 9989.15 , it made a low of 9958.55 , it made a high of 10143.50, before closing at 10130.65

Had mentioned that long positions for the day can be taken above 10010 and short positions can be taken below 9955 . Nifty triggered our long trade for the day and completed all targets giving 80 points . Had mentioned in the previous post " Now in the coming week Nifty needs to break and sustain / close above 10050 for a test of 10120 - 10135 initially and above it till 10195 - 10260 .Similarly Nifty needs to break and sustain / close below 9920 to test 9850 - 9830 initially and below it till 9770 - 9705 next. ", and Nifty triggered our weekly longs too and completed our initial targets of 10120 - 10135 overall giving us 125+ points for the day.

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10010 to test 10035 - 10040 initially and sustaining above it we can see a further upmove till 10065 - 10090. Similarly breaking and sustaining below 9955 we can see a test of 9930 - 9925 initially and breaking and sustaining below it we can see a further correction till 9905 - 9880 " , and Nifty made a high of 10143.50 completing our initial weekly long targets .  

Had mentioned once March began that " 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 ." , and today Nifty made a low of 9951.90 and nearly tested our next targets at 10040 - 9900  for the month . As mentioned in the previous posts " Now closing / sustaining below 10165 is needed for further correction till 10040 - 9900  . Nifty has immediate resistance near 10455 - 10485 . " , Nifty has made a low of 9951.90 last week just near our last expected target of 9900 .

Now in the coming session Nifty needs to break and sustain above 10165 to test 10200 - 10210 initially and sustaining above it we can see a further upmove till 10240 - 10275. Similarly breaking and sustaining below 10095 we can see a test of 10060 - 10050 initially and breaking and sustaining below it we can see a further correction till 10020 - 9985.


Nifty Spot Levels for the day are

Long above 10165 for 10185 - 10210 - 10275 , SL 10120

Short below 10095 for 10075 - 10050 - 9985 , SL 10140

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, 25 March 2018

Bank Nifty Spot Outlook for 26th Mar

BANK NIFTY


Bank Nifty spot opened at 23785.65 , it made a high of 23796.3 ,  it made a low of 23605.60 before closing at 23670.40

Had mentioned that long positions can be taken above 24215 for the day and short positions can be taken below 24070. Bank Nifty opened below our last target for the day and did not give a chance to enter . Now in the coming week Bank Nifty needs to break and sustain / close above 23855 to test 24050 - 24100 initially and above it 24265 - 24450 next. Similarly Bank Nifty needs to break and sustain / close below 23485 to test 23290 - 23240 initially and below it 23075 - 22890 next . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 24215 can test 24290 - 24310 and on sustaining above it we can a further upmove till 24375 - 24445 next .Similarly in the coming session Bank Nifty breaking and sustaining below 24070 we can see a test of 23995 - 23975 initially and breaking and sustaining below it we can see a further correction till 23910 - 23835 next "  , and today Bank Nifty opened at 23785.65 below our last target and a made a low of 23605.60 .


Had mentioned at the start of the month that " 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 ." , and Bank Nifty has so far made a low of 23605.60 after triggering our monthly shorts . Now Bank Nifty has immediate resistance near 23925 - 24055 zone in the coming sessions .

Now in the coming session Bank Nifty breaking and sustaining above 23740 can test 23815 - 23835 and on sustaining above it we can see a further upmove till 23895 - 23965 next. Similarly in the coming session Bank Nifty breaking and sustaining below 23600 we can see a test of 23530 - 23510 initially and breaking and sustaining below it we can see a further correction till 23445 - 23375 next . 


Bank Nifty Spot Levels for the day are

Long above 23740 for 23785 
– 23835 – 23965 , SL 23650

Short below 23600 for 23560 – 23510 – 23375 , SL 23690

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 Mar

NIFTY


Nifty spot opened at 9968.80 , it made a low of 9951.90 , it made a high of 10012.85, before closing at 9983.35

Had mentioned that long positions for the day can be taken above 10150 and short positions can be taken below 10080 . Nifty opened near our last short target and did not give a chance to trade . Now in the coming week Nifty needs to break and sustain / close above 10050 for a test of 10120 - 10135 initially and above it till 10195 - 10260 .Similarly Nifty needs to break and sustain / close below 9920 to test 9850 - 9830 initially and below it till 9770 - 9705 next. 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10050 to test 10185 - 10195 initially and sustaining above it we can see a further upmove till 10230 - 10265. Similarly breaking and sustaining below 10080 we can see a test of 10045 - 10035 initially and breaking and sustaining below it we can see a further correction till 10000 - 9965 " , and today Nifty opened only at 9968 and made a low of 9951.90 below our next targets . 

Had mentioned once March began that " 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 ." , and today Nifty made a low of 9951.90 and nearly tested our next targets at 10040 - 9900  for the month . As mentioned in the previous posts " Now closing / sustaining below 10165 is needed for further correction till 10040 - 9900  . Nifty has immediate resistance near 10455 - 10485 . " , Nifty has made a low of 9951.90 last week just near our last expected target of 9900 .

Now in the coming session Nifty needs to break and sustain above 10010 to test 10035 - 10040 initially and sustaining above it we can see a further upmove till 10065 - 10090. Similarly breaking and sustaining below 9955 we can see a test of 9930 - 9925 initially and breaking and sustaining below it we can see a further correction till 9905 - 9880.


Nifty Spot Levels for the day are

Long above 10010 for 10025 - 10040 - 10090 , SL 9975

Short below 9955 for 9945 - 9925 - 9880 , SL 9990

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 March 2018

Weekly Spot Outlook of Bank Nifty for 26th to 28th Mar

BANK NIFTY

This week Bank Nifty spot went up by 99 points and then went down by 884 points before finally ending the week with a loss of 819 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 24755 to trigger uptrend and Bank Nifty spot needed to break and sustain below 24225 to trigger downtrend for the week. Bank Nifty made a high of 24588.05 and a low of 23605.60 . 


As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 24755 for a test of 25040 - 25110 initially and closing above it we can see a further move till 25350 - 25615 . Similarly on sustaining / closing below 24225 we can see a test of 23940 - 23870 initially and closing below it we can see a test of 23630 - 23365 . Those who are looking to enter fresh shorts this week should keep a cbsl of 24760 and can trail their cbsl to 24410 once Bank Nifty closes below 24220. Fresh longs to be considered on closing above 24755 and should be booked once near initial targets of 25040 - 25180 .   " , and Bank Nifty made a high of 24588.05 and gave a good chance to short with the cbsl of 24760 and made a low of 23605.60 completing 5 weekly short targets and giving around 800+ points from the weekly sell levels and nearly 1000+ from 24500 levels . 

Now in the coming week Bank Nifty needs to break and sustain / close above 23855 for a test of 24050 - 24100 initially and closing above it we can see a further move till 24265 - 24450. Similarly on sustaining / closing below 23485 we can see a test of 23290 - 23240 initially and closing below it we can see a test of 23075 - 22890 . Those who are holding shorts entered near 24500 last week and had trailed their cbsl to 24410 should now further trail their cbsl to 23855 and look to book if Bank Nifty does not sustain / close below 23485 this week.  Fresh longs to be considered on sustaining / closing above 23855 for a initial target of 24050 - 24100 and 24265 - 24450 next or on a further correction till 23290 - 23245 with a cbsl of 23055  . Existing shorts to be held if Bank Nifty sustains / closes below 23485 for a initial target of 23290 - 23245 and should be held further for a target of 23075 - 22890 only if we get a close below 23245 .


For the month of March longs will be confirmed with a consecutive close above 25620 for a initial target of 26155 - 26295 and sustaining / closing above it we can see a further move till 26760 - 27270. Similarly shorts will be confirmed with a consecutive close below 24595 for a initial target of 24060 - 23920 and sustaining / closing below it we can see a further move till 23455 - 22950. Bank Nifty had confirmed our monthly shorts and has reached close to our next targets of 23455 - 22950 with a low of 23605 last week .

Bank Nifty Spot Levels for the week are

Long above 23785 , Tgt 23855 - 23910 - 23970

IF Bank Nifty spot manages to get a close / sustain above 24050 then 

long again for 24100 - 24265 - 24450

Short below 23555 , Tgt 23485 - 23430 - 23375

IF Bank Nifty spot manages to get a close / sustain below 23290 then 

short again for 23240 - 23075 - 22890


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.


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.Wee

Weekly Spot Outlook of Nifty from 26th to 28th Mar

NIFTY

This week Nifty spot went up by 32 points and went down by 243 points before finally ending the week with a loss of 212 points compared to last weekly closing. Nifty had made a new life time high of 11171.55 in January and has since corrected by  1200 points .


As per levels given for the previous week Nifty Spot needed to break and sustain above 10300 to trigger uptrend and Nifty spot needed to break and sustain below 10090 to trigger downtrend for the week. Nifty made a high of 10227.30 and a low of 9951.90 for the week. 

In the previous week had mentioned that " Now in the coming week Nifty needs to break and sustain above 10300 to test 10405 - 10435 initially and above it we can see a test of 10525 - 10630 . Breaking and sustaining below 10090 we can see a test of 9985 - 9955 initially and below it we can see a test of 9865 - 9765Those who are looking to enter fresh shorts this week should keep a cbsl of 10300 and can hold once Nifty closes below 10090 with a trailing cbsl of 10165 . Fresh long positions should be entered only on closing above 10300 spot for a initial target of 10405 - 10435 .  Nifty has support near 10130 - 10090 zone in the coming week . "  and Nifty went up initially to make a high of 10227.30 and gave a good shorting opportunity with a small cbsl of 75 points and corrected till 9951.90 just below our initial target giving nearly 275 points to shorts . Our monthly shorts were confirmed below 10350 and the positional cbsl for that was at 10490 for a initial target of 10205 - 10165  and next target were 10040 - 9900 , and we saw a low of 9951.90 being made so far for the month nearly completing our monthly short targets . 


Now in the coming week Nifty needs to break and sustain above 10050 to test 10120 - 10135 initially and above it we can see a test of 10195 - 10260 . Breaking and sustaining below 9920 we can see a test of 9850 - 9830 initially and below it we can see a test of 9770 - 9705.  Those who are holding shorts entered near 10225 with a cbsl of 10300 should now move their trailing cbsl to 10050 for the coming week and look to book on a further dip till 9880 - 9850 on sustaining below 9920 . Fresh long positions may be entered only on dips near 9880 - 9850 with a cbsl of 9830 or on sustaining / closing above 10050 spot for a initial target of 10120 - 10135 .  Nifty has good support near 9850 - 9830 now and can take some support there in the coming week . 


For the month of March , 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 move till 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 move till 10040 - 9900 . Nifty monthly shorts had got confirmed 2 weeks ago and has now made a low of 9951.90 within our next target zone of 10040 - 9900 this week . Those who are looking to go long on a dip below our last monthly targets near 9880 - 9850 for this expiry should keep a strict cbsl of 9830 


Nifty Spot Levels for the week are

Long above 10025 , Tgt  10050 - 10070 - 10090

IF Nifty spot manages to get a close / sustain above 10120 then ,

long again for 10135 - 10195 - 10260

Short below 9940 , Tgt 9920 - 9900 - 9875

IF Nifty spot manages to get a close / sustain below 9850 then, 

short again for 9830 - 9770 - 9705

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.

Friday, 23 March 2018

Bank Nifty Spot Outlook for 23rd Mar

BANK NIFTY


Bank Nifty spot opened at 24252.95 , it made a high of 24314.40 ,  it made a low of 24094.85 before closing at 24141.50

Had mentioned that long positions can be taken above 24330 for the day and short positions can be taken below 24180. Bank Nifty triggered our short trade and nearly completed 2 targets . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 24330 can test 24410 - 24430 and on sustaining above it we can a further upmove till 24495 - 24570 next .Similarly in the coming session Bank Nifty breaking and sustaining below 24180 we can see a test of 24105 - 24085 initially and breaking and sustaining below it we can see a further correction till 24015 - 23940 next "  , and today Bank Nifty made a low of 24094.85 within our initial support zone . 


Had mentioned at the start of the month that " 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 . " , and Bank Nifty has so far made a low of 24048.55 testing our initial short target below 24595 after triggering our monthly shorts . Now Bank Nifty has immediate support near 24055 - 23925 zone in the coming sessions which once broken and sustained can take us to our next targets .

Now in the coming session Bank Nifty breaking and sustaining above 24215 can test 24290 - 24310 and on sustaining above it we can see a further upmove till 24375 - 24445 next. Similarly in the coming session Bank Nifty breaking and sustaining below 24070 we can see a test of 23995 - 23975 initially and breaking and sustaining below it we can see a further correction till 23910 - 23835 next . 


Bank Nifty Spot Levels for the day are

Long above 24215 for 24260 
– 24310 – 24445 , SL 24120

Short below 24070 for 24025 – 23975 – 23835 , SL 24165

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.

Thursday, 22 March 2018

Nifty Spot Outlook for 23rd Mar

NIFTY


Nifty spot opened at 10167.50 , it made a high of 10207.85 , it made a low of 10105.40, before closing at 10114.75

Had mentioned that long positions for the day can be taken above 10190 and short positions can be taken below 10120 . Nifty triggered our long trade and did not complete any targets and took our stoploss .Nifty then triggered our short trade and again failed to complete any targets . Today Nifty indicated indecisiveness to move in any direction and traded mostly between our long and short trigger levels . We can expect a trending move in the coming sessions

Had mentioned in the previous post " Now in this week Nifty has to sustain / close above 10190 to test 10230 - 10240 initially and sustaining above it we can see a further upmove till 10270 - 10305 . Similarly breaking and sustaining below 10120 we can see a test of 10085 - 10075 initially and breaking and sustaining below it we can see a further correction till 10040 - 10005 ." , and today broke above both our long and short levels but failed to sustain on either side indicating indecisiveness .


Had mentioned once March began that " 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 ." , and today Nifty made a low of 10075.30 and nearly tested our next targets at 10040 - 9900  for the month . As mentioned in the previous posts " Now closing / sustaining below 10165 is needed for further correction till 10040 - 9900  . Nifty has immediate resistance near 10455 - 10485 . " , Nifty has made a low of 10049.10 this week just above our expected range of 10040 - 9900.

Now in the coming session Nifty needs to break and sustain above 10150 to test 10185 - 10195 initially and sustaining above it we can see a further upmove till 10230 - 10265. Similarly breaking and sustaining below 10080 we can see a test of 10045 - 10035 initially and breaking and sustaining below it we can see a further correction till 10000 - 9965.


Nifty Spot Levels for the day are

Long above 10150 for 10170 - 10195 - 10265 , SL 10105

Short below 10080 for 10060 - 10035 - 9965 , SL 10125

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.