Monday, 25 June 2018

Nifty Spot Outlook for 26th Jun

NIFTY


In the previous session Nifty spot opened at 10822.90 , it made a high of 10831.05 , then made a low of 10753.05 ,  before closing at 10762.45 

Had mentioned that long trade will get triggered for the day on sustaining above 10845 and short trade will get triggered for the day on sustaining below 10800 . Nifty initially triggered the short trade for the day and did 45 points . 

Had mentioned that " In this week Nifty needs to break and sustain / close above 10875 to test 10930 - 10945 initially and above it we can see a test of 10995 - 11050 . Similarly Nifty needs to break and sustain / close below 10765 to test 10710 - 10695 initially and below it we can see a test of 10650 - 10595 .", and Nifty has given a borderline close below 10765 and sustaining below it in the coming session can see a move till the initial targets .

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 . The entire month till now Nifty has traded between the short and long trigger level range of 10565 - 10905 with the intraday low of the month being 10550.90 and the intraday high of the month being 10893.25 .

Now in the coming session Nifty needs to break and sustain above 10785 to test 10805 - 10810 initially and sustaining above it we can see a further upmove till 10830 - 10850. Similarly breaking and sustaining below 10740 we can see a test of 10720 - 10715 initially and breaking and sustaining below it we can see a further correction till 10695 - 10675 . 


Nifty Spot Levels for the day are

Long above 10785 for 10795 - 10810 - 10850 , SL 10755

Short below 10740 for 10730 - 10715 - 10675 , SL 10770

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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.