Sunday, 17 June 2018

Nifty Spot Outlook for 18th Jun

NIFTY


In the previous session Nifty spot opened at 10808.65 ,  made a low of 10755.40 , then made a high of 10834 ,  before closing at 10817.70

Had mentioned that long trade will get triggered for the day on sustaining above 10830 and short trade will get triggered for the day on sustaining below 10785. Nifty triggered the short trade and did around 30 points . 

In the coming week Nifty needs to break and sustain / close above 10865 to test 10915 - 10925 initially and above it we can see a test of 10970 - 11015 . Similarly Nifty needs to break and sustain / close below 10770 to test 10720 - 10710 initially and below it we can see a test of 10665 - 10620 . 

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 10835 to test 10855 - 10860 initially and sustaining above it we can see a further upmove till 10875 - 10895. Similarly breaking and sustaining below 10800 we can see a test of 10780 - 10775 initially and breaking and sustaining below it we can see a further correction till 10760 - 10745 . 


Nifty Spot Levels for the day are

Long above 10835 for 10845 - 10860 - 10895 , SL 10810

Short below 10800 for 10790 - 10775 - 10745 , SL 10825

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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.