Wednesday, 13 June 2018

Nifty Spot Outlook for 14th Jun

NIFTY


In the previous session Nifty spot opened at 10887.50 ,  made a high of 10893.25 , then made a low of 10842.65 ,  before closing at 10856.75

Had mentioned that long trade will get triggered for the day on sustaining above 10865 and short trade will get triggered for the day on sustaining below 10820. Nifty triggered the long trade and did around 25 points . 

Had mentioned that " 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 . " , and Nifty had confirmed the weekly longs at close marginally in the previous session and today Nifty made a high of 10893 near our initial target of 10910 - 10925 . In the coming sessions Nifty can face some resistance in the range of 10910 - 10925 .

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 10875 to test 10900 - 10905 initially and sustaining above it we can see a further upmove till 10925 - 10945. Similarly breaking and sustaining below 10835 we can see a test of 10815 - 10810 initially and breaking and sustaining below it we can see a further correction till 10790 - 10770. 


Nifty Spot Levels for the day are

Long above 10875 for 10890 - 10905 - 10945 , SL 10850

Short below 10835 for 10825 - 10810 - 10770 , SL 10865

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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.