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

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.