Tuesday, 24 July 2018

Nifty Spot Outlook for 25th Jul

NIFTY


In the previous session Nifty spot opened at 11109, made a low of 11092.50 ,  then made a high of 11143.40 ,  before closing at 11134.30.

Had mentioned that long trade will get triggered for the day on sustaining above 11105 and short trade will get triggered for the day on sustaining below 11065. Nifty triggered our long trade and did nearly 40 points .

Had mentioned in the previous post that " In this week Nifty needs to break and sustain / close above 11065 to test 11125 - 11140 initially and above it we can see a test of 11190 - 11240 . Similarly Nifty needs to break and sustain / close below 10955 to test 10895 - 10880 initially and below it we can see a test of 10830 - 10775 . Nifty currently has support near 10925 and has resistance near 11090 and has been trading in the range of 10925 - 11090 which has to be broken and sustained on either side for a bigger move ." , and today Nifty sustained above 11090 and tested our initial weekly long targets of 11125 - 11140 with a high of 11143.40 . Now in the coming session Nifty has to sustain above 11140 for the next move till 11190 - 11240 else we might see a move back till 11085 - 11065 . 

Had mentioned previously that " For the month of July ,Nifty longs will get confirmed with a consecutive close above 10875 for a initial target of 11050 - 11090 and sustaining / closing above it we can see a further test of 11240 - 11400 . Similarly , shorts will get confirmed with a consecutive close below  10550 for a initial target of 10380 - 10335 and sustaining / closing below it we can see a further move till 10190 - 10025 .  Now for further upmove Nifty has to close above 11090 in the coming sessions for a move towards 11240 - 11400 else we might see a move back to 10975 - 10925 initially and breaking below we can test 10885 - 10850 next . " , and today Nifty finally sustained above 11090 to make a high of 11143.40 and now on sustaining above 11140 we can see our next targets being done . 

Now in the coming session Nifty needs to break and sustain above 11155 to test 11175 - 11180 initially and sustaining above it we can see a further upmove till 11200 - 11220. Similarly breaking and sustaining below 11115 we can see a test of 11090 - 11085 initially and breaking and sustaining below it we can see a further correction till 11065 - 11045 . 


Nifty Spot Levels for the day are

Long above 11155 for 11165 - 11180 - 11220 , SL 11125

Short below 11115 for 11100 - 11085 - 11045 , SL 11140

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.