Sunday, 10 June 2018

Nifty Spot Outlook for 11th Jun

NIFTY


In the previous session Nifty spot opened at 10736.40 ,  made a low of 10709.05 , then made a high of 10779.45 ,  before closing at 10767.65 .

In the coming week Nifty needs to break and sustain / close above 10835 to test 10910 - 10925 initially and above it we can see a test of 10990 - 11055 . Similarly Nifty needs to break and sustain / close below 10700 to test 10625 - 10610 initially and below it we can see a test of 10545 - 10480 . 

For the month of June ,Nifty longs will get confirmed with a consecutive close above 10905 for a initial target of 11085 - 11125 and sustaining / closing above it we can see a further test of 11280 - 11450 . Similarly , shorts will get confirmed with a consecutive close below  10565 for a initial target of 10390 - 10345 and sustaining / closing below it we can see a further move till 10190 - 10025 . 

Now in the coming session Nifty needs to break and sustain above 10795 to test 10820 - 10830 initially and sustaining above it we can see a further upmove till 10850 - 10875. Similarly breaking and sustaining below 10740 we can see a test of 10715 - 10705 initially and breaking and sustaining below it we can see a further correction till 10685 - 10660. 


Nifty Spot Levels for the day are

Long above 10795 for 10810 - 10830 - 10875 , SL 10760

Short below 10740 for 10725 - 10705 - 10660 , SL 10775

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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.