Sunday, 29 April 2018

Bank Nifty Spot Outlook for 30th Apr

BANK NIFTY


Bank Nifty spot opened at 25030.15 and made a low of 25029.65  it made a high of 25441.50 before closing at 25394.60

Had mentioned that long positions can be taken above 25070 and short positions can be taken below 24955. Bank Nifty triggered our long trade and completed all our daily long targets . Bank Nifty has also triggered our weekly long trade and completed nearly all our weekly long targets too . 

Now this week Bank Nifty breaking and sustaining above 25595 can test 25805 - 25855 and on sustaining above it we can a further upmove till 26035 - 26235 next .Similarly in the coming session Bank Nifty breaking and sustaining below 25195 we can see a test of 24990 - 24935 initially and breaking and sustaining below it we can see a further correction till 24755 - 24555 next . Last week Bank Nifty finally triggered our long trade and nearly completed all our long targets . 

Had mentioned previously " Now for the month of April , Bank Nifty longs will get confirmed with a consecutive close above 24880 for a initial target of 25525 - 25690 and sustaining / closing above it we can see a further test of 26250 - 26865 . Similarly , shorts will get confirmed with a consecutive close below 23650 for a initial target of 23000 - 22835 and sustaining / closing below it we can see a further test of 22275 - 21665 .",  Bank Nifty had confirmed our long trade and we were expecting to see a test of 25525 - 25690 initially , and Bank Nifty has so far made a high of 25441.50  only.

Now in the coming session Bank Nifty breaking and sustaining above 25470 can test 25550 - 25570 and on sustaining above it we can see a further upmove till 25635 - 25710 next. Similarly in the coming session Bank Nifty breaking and sustaining below 25320 we can see a test of 24240 - 24220 initially and breaking and sustaining below it we can see a further correction till 25155 - 25080 next . 


Bank Nifty Spot Levels for the day are

Long above 25470 for 25515 
– 25570 – 25710 , SL 25370

Short below 25320 for 25275 – 25220 – 25080 , SL 25420

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Nifty Spot Outlook for 30th Apr

NIFTY


Nifty spot opened at 10651.65 , it made a low of 10647.55 , it made a high of 10719.80,  before closing at 10692.30

Had mentioned that long positions for the day can be taken above 10625 and short positions can be taken below 10610 . Nifty triggered our long trade by opening above our 2nd target and exceeded our daily target by 60 points and also completed all our weekly long targets too . 

Now this week Nifty needs to sustain / close above 10725 for a test of 10755 - 10765 initially and above it till 10790 - 10820 .Similarly Nifty needs to sustain / close below 10660 to test 10630 - 10620 initially and below it till 10595 - 10565 . Last week Nifty triggered our long trade and completed all our targets .

As mentioned previously  " Now for the month of April ,Nifty longs will get confirmed with a consecutive close above 10315 for a initial target of 10520 - 10575 and sustaining / closing above it we can see a further test of 10750 - 10950 . Similarly , shorts will get confirmed with a consecutive close below  9915 for a initial target of 9705 - 9655 and sustaining / closing below it we can see a further move till 9475 - 9275 ." , Nifty had confirmed our monthly longs above 10315 and now has made a high of 10719.80 near our next targets of 10750 - 10950 giving 400 points . 

Now in the coming session Nifty needs to break and sustain above 10705 to test 10715 - 10720 initially and sustaining above it we can see a further upmove till 10730 - 10740. Similarly breaking and sustaining below 10680 we can see a test of 10670 - 10665 initially and breaking and sustaining below it we can see a further correction till 10655 - 10645. Nifty finally gave a bigger move which we were expecting after the narrow range move. 


Nifty Spot Levels for the day are

Long above 10705 for 10710 - 10720 - 10740 , SL 10690

Short below 10680 for 10675 - 10665 - 10645 , SL 10695

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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 Bank Nifty for 30th Apr to 04th May

BANK NIFTY

This week Bank Nifty spot went down by 478 by showing a low of 24466.10 and then went up by 498 points before finally ending the week with a gain of 451 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 25075 to trigger uptrend and Bank Nifty spot needed to sustain and close below 24815 to trigger downtrend for the week. Bank Nifty made a high of 25441.50 and showed a low of 24466.10 . 


As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 25075 for a test of 25210 - 25245 initially and closing above it we can see a further move till 25360 - 25490 . Similarly on sustaining / closing below 24815 we can see a test of 24680 - 24645 initially and closing below it we can see a test of 24530 - 24400 . Those who are holding longs should now their trailing cbsl to 24815 and can hold further only on closing above 25075 with a further trailing cbsl of 24905 and look to book once near 25210 - 25245. Those who are looking to short should wait for Bank Nifty to sustain / close below 24815 .   " , and Bank Nifty gave a borderline close once at 24814.60 and went on to make a high of 25441.50 for the week and April series . 


Now in the coming week Bank Nifty needs to break and sustain / close above 25595 for a test of 25805 - 25855 initially and closing above it we can see a further move till 26035 - 26235. Similarly on sustaining / closing below 25195 we can see a test of 24990 - 24935 initially and closing below it we can see a test of 24755 - 24555 . Those who are holding longs should now move their trailing cbsl to 25195 and can hold further only on closing above 25595 with a further trailing cbsl of 25455 and look to book once near 25855 unless we get a close above it . Those who are looking to short should wait for Bank Nifty to sustain / close below 25195 or near 26035 - 26235 with a strict cbsl of 26325. 


For the month of April longs will be confirmed with a consecutive close above 24880 for a initial target of 25525 - 25690 and sustaining / closing above it we can see a further move till 26250 - 26865. Similarly shorts will be confirmed with a consecutive close below 23650 for a initial target of 23000 - 22835 and sustaining / closing below it we can see a further move till 22275 - 21665. Bank Nifty had also confirmed our monthly longs and we were expecting to see a test of 25525 - 25690 initially and so far we saw a high of 25441.50 .

Bank Nifty Spot Levels for the week are

Long above 25520 , Tgt 25595 - 25655 - 25715

IF Bank Nifty spot manages to get a close / sustain above 25805 then 

long again for 25855 - 26035 - 26235

Short below 25270 , Tgt 25195 - 25135 - 25075

IF Bank Nifty spot manages to get a close / sustain below 24990 then 

short again for 24935 - 24755- 24555


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 30th Apr to 04th May

NIFTY

This week Nifty spot went down by 49 points and went up by 156 points before finally ending the week with a gain of 128 points compared to last weekly closing. Nifty had made a new life time high of 11171.55 in January and had corrected by 1200 points after that till 9951.90  .


As per levels given for the previous week Nifty Spot needed to sustain / close above 10585 to trigger a upmove and Nifty spot needed to sustain/close below 10540 to trigger downmove for the week. Nifty made a high of 10719.80 and a low of 10514.95 for the week. 

In the previous week had mentioned that " Now in the coming week Nifty needs to sustain and  close above 10585 to test 10610 - 10615 initially and closing above it we can see a test of 10630 - 10655 . Sustaining and closing below 10540 we can see a test of 10520 - 10515 initially and closing below it we can see a test of 10495 - 10475 . Those who are holding longs should now move their trailing cbsl to 10540 this week and can hold further on sustaining / closing above 10585 with a trailing cbsl of 10570 and look to book once near 10610 - 10615 incase we dont get a close above 10615 .  Fresh shorts may be entered this week on sustaining / closing below 10540 .  Nifty has a good resistance near 10575 - 10600 for this month and it needs to give a strong close above it for higher levels this week . "  and Nifty made a low of 10514.95 near our initial short target but did not sustain or close below our cbsl for longs at 10540 and bounced back . Once we got a close above 10615 we saw Nifty give a 100 point move.  Nifty has now given us nearly 700 points in our long trade from 10050 . 


Now in the coming week Nifty needs to break and sustain above 10725 to test 10755 - 10765 initially and above it we can see a test of 10790 - 10820 . Breaking and sustaining below 10660 we can see a test of 10630 - 10620 initially and below it we can see a test of 10595 - 10565.  Those who are holding longs should now move their trailing cbsl to 10660 this week and can hold further on sustaining / closing above 10725 with a trailing cbsl of 10700 and look to book once near 10790 - 10820 incase we dont get a close above 10765 . Fresh shorts may be entered this week on sustaining / closing below 10660 or near 10790 - 10820 with a strict cbsl of 10830.  Nifty has a strong resistance near 10765 - 10815 now and it needs to give a strong close above it for higher levels in this new series  . 


For the month of April , longs will get confirmed with a consecutive close above 10315 for a initial target of 10520 - 10575 and sustaining / closing above it we can see a further move till 10750 - 10900 .  Similarly shorts will get confirmed with a consecutive close below 9915 for  a initial target of 9705 - 9655 and sustaining / closing below it we can see a further move till 9475 - 9275 . Nifty had confirmed our monthly longs and we saw our initial targets get achieved in the earlier week of 10520 - 10575 . Now on sustaining closing above 10575 - 10615 we saw a further move till 10719.80 . Nifty has strong resistance in the zone of 10765 - 10815 for the coming month which has to broken and sustained for this upmove to continue else we might see a correction begin again from the mentioned levels .


Nifty Spot Levels for the week are

Long above 10710 , Tgt  10725 - 10735 - 10745

IF Nifty spot manages to get a close / sustain above 10755 then ,

long again for 10765 - 10790 - 10820

Short below 10675 , Tgt 10660 - 10650 - 10640

IF Nifty spot manages to get a close / sustain below 10630 then, 

short again for 10620 - 10595 - 10565

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.

Friday, 27 April 2018

Bank Nifty Spot Outlook for 27th Apr

BANK NIFTY


Bank Nifty spot opened at 24833.20 and made a low of 24753.40,  it made a high of 25064 before closing at 25010.90

Had mentioned that long positions can be taken above 24865 and short positions can be taken below 24765. Bank Nifty triggered our short trade but did not sustain and reveresed to take our stoploss. Bank Nifty then triggered our long trade and completed all targets for the day .

Now this week Bank Nifty breaking and sustaining above 25075 can test 25210 - 25245 and on sustaining above it we can a further upmove till 25360 - 25490 next .Similarly in the coming session Bank Nifty breaking and sustaining below 24815 we can see a test of 24680 - 24645 initially and breaking and sustaining below it we can see a further correction till 24530 - 24400 next . Though Bank Nifty has broken above 25075 twice this week but it has failed to sustain / close above it . 

Had mentioned previously " Now for the month of April , Bank Nifty longs will get confirmed with a consecutive close above 24880 for a initial target of 25525 - 25690 and sustaining / closing above it we can see a further test of 26250 - 26865 . Similarly , shorts will get confirmed with a consecutive close below 23650 for a initial target of 23000 - 22835 and sustaining / closing below it we can see a further test of 22275 - 21665 .",  Bank Nifty has confirmed our long trade and we were expecting to see a test of 25525 - 25690 initially but Bank Nifty has so far only made a high of 25426.75 and faced selling pressure. 

Now in the coming session Bank Nifty breaking and sustaining above 25070 can test 25130 - 25145 and on sustaining above it we can see a further upmove till 25195 - 25250 next. Similarly in the coming session Bank Nifty breaking and sustaining below 24955 we can see a test of 24895 - 24880 initially and breaking and sustaining below it we can see a further correction till 24825 - 24770 next . 


Bank Nifty Spot Levels for the day are

Long above 25070 for 25105 
– 25145 – 25250 , SL 24995

Short below 24955 for 24920 – 24880 – 24770 , SL 25030

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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 Apr

NIFTY


Nifty spot opened at 10586.50 , it made a low of 10559.65 , it made a high of 10628.40,  before closing at 10617.80

Had mentioned that long positions for the day can be taken above 10595 and short positions can be taken below 10580 . Nifty initially triggered our short trade and completed 2 targets . It then triggered our long trade and completed all our long targets .

Had mentioned in the previous post "Now this week Nifty needs to break and sustain / close above 10585 for a test of 10610 - 10615 initially and above it till 10635 - 10655 .Similarly Nifty needs to break and sustain / close below 10540 to test 10520 - 10515 initially and below it till 10495 - 10475 ." , and Nifty triggered our weekly long trade and made a high of 10638.35 this week testing our next targets of 10635 - 10655 .Nifty has not been able to break above 10635 - 10655 zone after coming close to it on a couple of times .

As mentioned previously  " Now for the month of April ,Nifty longs will get confirmed with a consecutive close above 10315 for a initial target of 10520 - 10575 and sustaining / closing above it we can see a further test of 10750 - 10950 . Similarly , shorts will get confirmed with a consecutive close below  9915 for a initial target of 9705 - 9655 and sustaining / closing below it we can see a further move till 9475 - 9275 ." , Nifty had confirmed our monthly longs above 10315 and has made a high of 10638.35 and also closed above 10575 . Now sustaining above it in the coming session can take us to our next targets for the month.

Now in the coming session Nifty needs to break and sustain above 10625 to test 10635 - 10640 initially and sustaining above it we can see a further upmove till 10650 - 10660. Similarly breaking and sustaining below 10610 we can see a test of 10600 - 10595 initially and breaking and sustaining below it we can see a further correction till 10585 - 10575. Nifty is trading in a narrow range and the target range has narrowed down a lot in the past few sessions and we can see a trending move in the coming session .


Nifty Spot Levels for the day are

Long above 10625 for 10635 - 10640 - 10660 , SL 10615

Short below 10610 for 10600 - 10595 - 10575 , SL 10620

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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.

Thursday, 26 April 2018

Bank Nifty Spot Outlook for 26th Apr

BANK NIFTY


Bank Nifty spot opened at 24993.40 which was also the high  it made a low of 24734.60 before closing at 24814.60

Had mentioned that long positions can be taken above 25090 and short positions can be taken below 24995. Bank Nifty triggered our short trade and completed all targets for the day .  

Now this week Bank Nifty breaking and sustaining above 25075 can test 25210 - 25245 and on sustaining above it we can a further upmove till 25360 - 25490 next .Similarly in the coming session Bank Nifty breaking and sustaining below 24815 we can see a test of 24680 - 24645 initially and breaking and sustaining below it we can see a further correction till 24530 - 24400 next . Though Bank Nifty has broken above 25075 twice this week but it has failed to sustain / close above it .In the previous session Bank Nifty now broke below 24815 and again failed to sustain and gave a borderline close.

Had mentioned previously " Now for the month of April , Bank Nifty longs will get confirmed with a consecutive close above 24880 for a initial target of 25525 - 25690 and sustaining / closing above it we can see a further test of 26250 - 26865 . Similarly , shorts will get confirmed with a consecutive close below 23650 for a initial target of 23000 - 22835 and sustaining / closing below it we can see a further test of 22275 - 21665 .",  Bank Nifty has confirmed our long trade and we were expecting to see a test of 25525 - 25690 initially but Bank Nifty has so far only made a high of 25426.75 and faced selling pressure. 

Now in the coming session Bank Nifty breaking and sustaining above 24865 can test 24915 - 24930 and on sustaining above it we can see a further upmove till 24975 - 25020 next. Similarly in the coming session Bank Nifty breaking and sustaining below 24765 we can see a test of 24715 - 24700 initially and breaking and sustaining below it we can see a further correction till 24655 - 24610 next . 


Bank Nifty Spot Levels for the day are

Long above 24865 for 24895 
– 24930 – 25020 , SL 24800

Short below 24765 for 24735 – 24700 – 24610 , SL 24830

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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 Apr

NIFTY


Nifty spot opened at 10612.40 , it made a high of 10612.60 , it made a high of 10576.65 ,  before closing at 10587.35

Had mentioned that long positions for the day can be taken above 10625 and short positions can be taken below 10605 . Nifty initially triggered our short trade and completed all targets . 

Had mentioned in the previous post "Now this week Nifty needs to break and sustain / close above 10585 for a test of 10610 - 10615 initially and above it till 10635 - 10655 .Similarly Nifty needs to break and sustain / close below 10540 to test 10520 - 10515 initially and below it till 10495 - 10475 ." , and Nifty triggered our weekly long trade and made a high of 10638.35 this week testing our next targets of 10635 - 10655 .

As mentioned previously  " Now for the month of April ,Nifty longs will get confirmed with a consecutive close above 10315 for a initial target of 10520 - 10575 and sustaining / closing above it we can see a further test of 10750 - 10950 . Similarly , shorts will get confirmed with a consecutive close below  9915 for a initial target of 9705 - 9655 and sustaining / closing below it we can see a further move till 9475 - 9275 ." , Nifty had confirmed our monthly longs above 10315 and has today made a high of 10638.35 and also closed above 10575 . Now sustaining above it in the coming session can take us to our next targets for the month.

Now in the coming session Nifty needs to break and sustain above 10595 to test 10605 - 10610 initially and sustaining above it we can see a further upmove till 10620 - 10630. Similarly breaking and sustaining below 10580 we can see a test of 10570 - 10565 initially and breaking and sustaining below it we can see a further correction till 10555 - 10545. The target range has narrowed down a lot in the past few sessions and we should see a trending move in the next 2 sessions .


Nifty Spot Levels for the day are

Long above 10595 for 10600 - 10610 - 10630 , SL 10585

Short below 10580 for 10575 - 10565 - 10545 , SL 10590

The expected expiry range is 

Upper End - 10656

Lower End - 10518 

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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, 24 April 2018

Bank Nifty Spot Outlook for 25th Apr

BANK NIFTY


Bank Nifty spot opened at 24972.70 and made a low of 24955   it made a high of 25123.45 before closing at 25042.10

Had mentioned that long positions can be taken above 25005 and short positions can be taken below 24915. Bank Nifty triggered our long trade and nearly completed all targets for the day .  

Now this week Bank Nifty breaking and sustaining above 25075 can test 25210 - 25245 and on sustaining above it we can a further upmove till 25360 - 25490 next .Similarly in the coming session Bank Nifty breaking and sustaining below 24815 we can see a test of 24680 - 24645 initially and breaking and sustaining below it we can see a further correction till 24530 - 24400 next . Though Bank Nifty has broken above 25075 twice this week but it has failed to sustain / close above it .

Had mentioned previously " Now for the month of April , Bank Nifty longs will get confirmed with a consecutive close above 24880 for a initial target of 25525 - 25690 and sustaining / closing above it we can see a further test of 26250 - 26865 . Similarly , shorts will get confirmed with a consecutive close below 23650 for a initial target of 23000 - 22835 and sustaining / closing below it we can see a further test of 22275 - 21665 .",  Bank Nifty has confirmed our long trade and we were expecting to see a test of 25525 - 25690 initially but Bank Nifty has so far only made a high of 25426.75 and faced selling pressure. 

Now in the coming session Bank Nifty breaking and sustaining above 25090 can test 25135 - 25145 and on sustaining above it we can see a further upmove till 25185 - 25230 next. Similarly in the coming session Bank Nifty breaking and sustaining below 24995 we can see a test of 24950 - 24940 initially and breaking and sustaining below it we can see a further correction till 24900 - 24855 next . 


Bank Nifty Spot Levels for the day are

Long above 25090 for 25115 
– 25145 – 25230 , SL 25025

Short below 24995 for 24970 – 24940 – 24855 , SL 25055

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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 25th Apr

NIFTY


Nifty spot opened at 10578.10 , it made a low of 10569 , it made a high of 10636.80 ,  before closing at 10614.35

Had mentioned that long positions for the day can be taken above 10593 and short positions can be taken below 10577 . Nifty initially triggered our short trade and completed just 1 target and took our TSL . It then triggered our long trade and completed all our targets.

Had mentioned in the previous post "Now this week Nifty needs to break and sustain / close above 10585 for a test of 10610 - 10615 initially and above it till 10635 - 10655 .Similarly Nifty needs to break and sustain / close below 10540 to test 10520 - 10515 initially and below it till 10495 - 10475 ." , and today Nifty triggered our weekly long trade and made a high of 10638.35 so far testing our next targets of 10635 - 10655 .

As mentioned previously  " Now for the month of April ,Nifty longs will get confirmed with a consecutive close above 10315 for a initial target of 10520 - 10575 and sustaining / closing above it we can see a further test of 10750 - 10950 . Similarly , shorts will get confirmed with a consecutive close below  9915 for a initial target of 9705 - 9655 and sustaining / closing below it we can see a further move till 9475 - 9275 ." , Nifty had confirmed our monthly longs above 10315 and has today made a high of 10638.35 and also closed above 10575 . Now sustaining above it in the coming session can take us to our next targets for the month.

Now in the coming session Nifty needs to break and sustain above 10625 to test 10630 - 10635 initially and sustaining above it we can see a further upmove till 10640 - 10650. Similarly breaking and sustaining below 10605 we can see a test of 10600 - 10595 initially and breaking and sustaining below it we can see a further correction till 10590 - 10580. The target range has narrowed down a lot in the past few sessions and we should see a trending move soon.


Nifty Spot Levels for the day are

Long above 10625 for 10630 - 10635 - 10650 , SL 10610

Short below 10605 for 10600 - 10595 - 10580 , SL 10620

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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, 23 April 2018

Bank Nifty Spot Outlook for 24th Apr

BANK NIFTY


Bank Nifty spot opened at 25065.50 and made a low of 24466.10   it made a high of 25084.15 before closing at 24960.65

Had mentioned that long positions can be taken above 24995 and short positions can be taken below 24895. Bank Nifty made a low of 24466.10 in pre open and then triggered our long trade and completed 2 targets for the day .  

Now this week Bank Nifty breaking and sustaining above 25075 can test 25210 - 25245 and on sustaining above it we can a further upmove till 25360 - 25490 next .Similarly in the coming session Bank Nifty breaking and sustaining below 24815 we can see a test of 24680 - 24645 initially and breaking and sustaining below it we can see a further correction till 24530 - 24400 next . 

Had mentioned previously " Now for the month of April , Bank Nifty longs will get confirmed with a consecutive close above 24880 for a initial target of 25525 - 25690 and sustaining / closing above it we can see a further test of 26250 - 26865 . Similarly , shorts will get confirmed with a consecutive close below 23650 for a initial target of 23000 - 22835 and sustaining / closing below it we can see a further test of 22275 - 21665 .",  Bank Nifty has confirmed our long trade and we can see a test of 25525 - 25690 initially . 

Now in the coming session Bank Nifty breaking and sustaining above 25005 can test 25055 - 25065 and on sustaining above it we can see a further upmove till 25105 - 25150 next. Similarly in the coming session Bank Nifty breaking and sustaining below 24915 we can see a test of 24865 - 24855 initially and breaking and sustaining below it we can see a further correction till 24815 - 24770 next . 


Bank Nifty Spot Levels for the day are

Long above 25005 for 25035 
– 25065 – 25150 , SL 24945

Short below 24915 for 24890 – 24855 – 24770 , SL 24975

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.