Sunday, 30 September 2018

Bank Nifty Spot Outlook for 01st Oct

BANK NIFTY


In the previous session Bank Nifty spot opened at 25135.80, made a high of 25354.70, then made a low of 24919.25,  before closing at 25119.85

Had mentioned that long trade for the day will get triggered on sustaining above 25175 and short trade for the day will get triggered on sustaining below 24910 . Bank Nifty triggered our long trade and completed 2 targets and then took our TSL.

Now in this week Bank Nifty needs to break and sustain / close above 25440 to test 25775 - 25860 initially and above it we can see a test of 26150 - 26470 . Similarly Bank Nifty needs to break and sustain / close below 24800 to test 24465 - 24375 initially and below it we can see a test of 24090 - 23770. 

For the month of October ,Bank Nifty longs will get confirmed with a consecutive close above 25780 for a initial target of 26480 - 26655 and sustaining / closing above it we can see a further test of 27255 - 27915 . Similarly , shorts will get confirmed with a consecutive close below  24460 for a initial target of 23765 - 23585 and sustaining / closing below it we can see a further move till 22985 - 22325 . 

Now in the coming session Bank Nifty needs to break and sustain above 25240 to test 25370 - 25400 initially and sustaining above it we can see a further upmove till 25510 - 25630. Similarly breaking and sustaining below 25000 we can see a test of 24870 - 24840 initially and sustaining below it we can see a further correction till 24730 - 24610 .


Bank Nifty Spot Levels for the day are

Long above 25240 for 25315 - 25400 - 25630 , SL 25155

Short below 25000 for 24925 - 24840 - 24610 , SL 25085

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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.

Nifty Spot Outlook for 01st Oct

NIFTY


In the previous session Nifty spot opened at 11008.10, made a high of 11034.10,  then made a low of 10850.30,  before closing at 10930.45

Had mentioned that long trade will get triggered for the day on sustaining above 11015 and short trade will get triggered for the day on sustaining below 10940. Nifty triggered our long   trade at opening but did not sustain and took our stoploss . It then triggered our short trade and did 80 points . 

Now in this week Nifty needs to break and sustain / close above 11005 to test 11085 - 11105 initially and above it we can see a test of 11170 - 11245 . Similarly Nifty needs to break and sustain / close below 10855 to test 10775 - 10755 initially and below it we can see a test of 10690 - 10620 . 

For the month of October ,Nifty longs will get confirmed with a consecutive close above 11085 for a initial target of 11245 - 11290 and sustaining / closing above it we can see a further test of 11425 - 11580 . Similarly , shorts will get confirmed with a consecutive close below  10775 for a initial target of 10615 - 10575 and sustaining / closing below it we can see a further move till 10435 - 10285 . Nifty can face resistance from near 11185 - 11245 zones itself and once should watch the price action incase it nears these levels in the coming week.

Now in the coming session Nifty needs to break and sustain above 10960 to test 10990 - 10995 initially and sustaining above it we can see a further upmove till 11020 - 11050. Similarly breaking and sustaining below 10900 we can see a test of 10870 - 10865 initially and breaking and sustaining below it we can see a further correction till 10840 - 10815 . 


Nifty Spot Levels for the day are

Long above 10960 for 10975 - 10995 - 11050 , SL 10935

Short below 10900 for 10885 - 10865 - 10815, SL 10925

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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.

Saturday, 29 September 2018

Weekly Spot Outlook Of Bank Nifty for 01st to 05th Oct

BANK NIFTY

This week Bank Nifty spot went up by 53 points , then went down by 919 points before finally ending the week with a loss of 477 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 25875 to trigger uptrend and Bank Nifty spot needed to sustain and close below 25320 to trigger downtrend for the week. Bank Nifty made a high of 25649.70 and made a low of 24678.25 for the week . 

As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 25875 for a test of 26165 - 26235 initially and closing above it we can see a further move till 26490 - 26765 . Similarly on sustaining / closing below 25320 we can see a test of 25030 - 24955 initially and closing below it we can see a test of 24705 - 24430. Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 25875 and enter with a stoploss of 25680 and look to hold further only on getting a close above 26165 - 26235 zone. Those who are looking to enter fresh shorts should wait for Bank Nifty to sustain / close below 25320 and enter with a stoploss of 25510 and look to hold further only on getting a close below 25030 - 24955 zone" , and we saw Bank Nifty trigger our weekly short trade and do 640 points .


Now in the coming week Bank Nifty needs to break and sustain / close above 25440 for a test of 25775 - 25860 initially and closing above it we can see a further move till 26150 - 26470. Similarly on sustaining / closing below 24800 we can see a test of 24465 - 24375 initially and closing below it we can see a test of 24090 - 23770 . Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 25440 and enter with a stoploss of 25215 and look to hold further only getting a close above 25775 - 25860 zone . Those who are looking to enter fresh shorts should wait for Bank Nifty to sustain / close below 24800 and enter with a stoploss of 25025 and look to hold further only on getting a close below 24465 - 24375 zone .   

For the month of October Bank Nifty monthly longs will be confirmed with a consecutive close above 25780 for a initial target of 26480 - 26655 and sustaining / closing above it we can see a further move till 27255 - 27915. Similarly Bank Nifty shorts will be confirmed with a consecutive close below 24460 for a initial target of 23765 - 23585 and sustaining / closing below it we can see a further move till 22985 - 22325.  For the month of September Bank Nifty triggered our short trade and did 2000+ points on the short side .  Now Bank Nifty has immediate resistances for a bounce back near 25320 - 25440 .


Bank Nifty Spot Levels for the week are

Long above 25320 , Tgt 25440 - 25540 - 25635

IF Bank Nifty spot manages to get a close / sustain above 25775 then 

long again for 25860 - 26150 - 26470

Short below 24920 , Tgt 24800 - 24705 - 24605

IF Bank Nifty spot manages to get a close / sustain below 24465 then 

short again for 24375 - 24090 - 23770


P.S. Always wait for the yellow highlighted levels to be crossed after taking a long/short position for confirmation of the trade . Once the highlighted levels are crossed and the next target is achieved move your Stoploss to the highlighted levels and continue trailing it further .

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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.

Weekly Spot Outlook of Nifty for 01st to 05th Oct

NIFTY

This week Nifty went up by 27 points , then went down by 293 points before finally ending the week with a loss of 213 points compared to last weekly closing. 

As per levels given for the previous week Nifty Spot needed to sustain and close above 11245 to trigger uptrend and Nifty spot needed to sustain and close below 11040 to trigger downtrend for the week. Nifty made a high of 11170.15 and made a low of 10850.30

As mentioned in the previous weekly post " Now in the coming week Nifty needs to break and sustain above 11245 to test 11355 - 11385 initially and above it we can see a test of 11475 - 11580. Breaking and sustaining below 11040 we can see a test of 10930 - 10905 initially and below it we can see a test of 10810 - 10710 . Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11245 to enter with a stoploss of 11175 and look to hold further only on getting a close above 11355 - 11385 zone . Those who are looking to enter fresh shorts should wait for Nifty to sustain / close below 11040 to enter with a stoploss of 11115 and look to hold further only on getting a close below 10930 - 10905 zone ." , and we saw Nifty trigger our short trade and sustain to do 230 points with a low of 10850.30 .  


Now in the coming week Nifty needs to break and sustain above 11005 to test 11085 - 11105 initially and above it we can see a test of 11170 - 11245 . Breaking and sustaining below 10855 we can see a test of 10775 - 10755 initially and below it we can see a test of 10690 - 10620. Those who looking to enter fresh longs should wait for Nifty to sustain / close above 11005 to enter with a stoploss of 10950 and look to hold further only on getting a close above 11085 - 11105 zone . Those who are looking to enter fresh shorts should wait for Nifty to sustain / close below 10855 to enter with a stoploss of 10910 and look to hold further only on getting a close below 10775 - 10755 zone .

For the month of October , longs will get confirmed in Nifty with a consecutive close above 11085 for a initial target of 11245 - 11290 and sustaining / closing above it we can see a further move till 11425 - 11580 .  Similarly shorts will get confirmed with a consecutive close below 10775 for  a initial target of 10615 - 10575 and sustaining / closing below it we can see a further move till 10435 - 10285 . In the month of September Nifty gave 700+ points from the short trade .  A close below 10800 will make the bear grip stronger. Nifty has immediate support near 10835 - 10775 which needs to hold on a closing basis for any bounce back .


Nifty Spot Levels for the week are

Long above 10975 , Tgt  11005 - 11030 - 11050

IF Nifty spot manages to get a close / sustain above 11085 then ,

long again for 11105 - 11170 - 11245

Short below 10885 , Tgt 10855 - 10835 - 10810

IF Nifty spot manages to get a close / sustain below 10775 then, 

short again for 10755 - 10690 - 10620

P.S. Always wait for the yellow highlighted levels to be crossed after taking a long/short position for confirmation of the trade . Once the highlighted levels are crossed and the next target is achieved move your Stoploss to the highlighted levels and keep trailing your stoploss .

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.

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.

Thursday, 27 September 2018

Bank Nifty Spot Outlook for 28th Sep

BANK NIFTY


In the previous session Bank Nifty spot opened at 25442.10, made a high of 25452.50, then made a low of 25007.05,  before closing at 25042.15

Had mentioned that long trade for the day will get triggered on sustaining above 25510 and short trade for the day will get triggered on sustaining below 25240 . Bank Nifty triggered our short trade and did 220 points

As mentioned " In this week Bank Nifty needs to break and sustain / close above 25875 to test 26165 - 26235 initially and above it we can see a test of 26490 - 26765 . Similarly Bank Nifty needs to break and sustain / close below 25320 to test 25030 - 24955 initially and below it we can see a test of 24705 - 24430. " , and Bank Nifty had triggered our weekly short trade in the previous session and completed our next targets with a low of 24678.25 .Now in the coming session Bank Nifty has support near 24955 which needs to broken and sustained for a further move till 24705 - 24430 . Holding the support near 24955 we can see a bounce back till 25320 .

As mentioned " For the month of September ,Bank Nifty longs will get confirmed with a consecutive close above 28455 for a initial target of 28870 - 28975 and sustaining / closing above it we can see a further test of 29335 - 29725 . Similarly , shorts will get confirmed with a consecutive close below  27670 for a initial target of 27255 - 27150 and sustaining / closing below it we can see a further move till 26790 - 26395 . " , and Bank Nifty had triggered our short trade below 27670 and completed all our short targets giving 1250+ points from the monthly short trade  . Bank Nifty has exceeded our short targets by a further 1450 points now with todays dip  . 

Now in the coming session Bank Nifty needs to break and sustain above 25175 to test 25315 - 25350 initially and sustaining above it we can see a further upmove till 25470 - 25605. Similarly breaking and sustaining below 24910 we can see a test of 24770 - 24735 initially and sustaining below it we can see a further correction till 24615 - 24480 .


Bank Nifty Spot Levels for the day are

Long above 25175 for 25255 - 25350 - 25605 , SL 25080

Short below 24910 for 24830 - 24735 - 24480 , SL 25000

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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.

Nifty Spot Outlook for 28th Sep

NIFTY


In the previous session Nifty spot opened at 11079.80, made a high of 11089.45,  then made a low of 10953.35,  before closing at 10977.55

Had mentioned that long trade will get triggered for the day on sustaining above 11095 and short trade will get triggered for the day on sustaining below 11015. Nifty triggered our short  and did 60 points . 

As mentioned " In this week Nifty needs to break and sustain / close above 11245 to test 11355 - 11385 initially and above it we can see a test of 11475 - 11580 . Similarly Nifty needs to break and sustain / close below 11040 to test 10930 - 10905 initially and below it we can see a test of 10810 - 10710 . " , Nifty had triggered our weekly short trade in the previous session and completed our initial targets with a low of 10882.85 . For further downmove Nifty had to close below 10905 which it did not do and bounced back . Also as mentioned " Those who are looking to enter fresh shorts on further bounce in the coming session should keep a stoploss of 11110 . " , and Nifty made a high of 11089.45 and corrected by 130 point today.

As mentioned " For the month of September ,Nifty longs will get confirmed with a consecutive close above 11795 for a initial target of 11915 - 11940 and sustaining / closing above it we can see a further test of 12045 - 12155 . Similarly , shorts will get confirmed with a consecutive close below  11565 for a initial target of 11450 - 11420 and sustaining / closing below it we can see a further move till 11320 - 11205 . " , and Nifty had triggered our monthly shorts below 11565 and made a low of 10866.45 completing all short targets . Nifty exceeded the short targets by another 350 points on the back of panic selling witnessed among many stocks from the financial sectors . 

Now in the coming session Nifty needs to break and sustain above 11015 to test 11055 - 11065 initially and sustaining above it we can see a further upmove till 11100 - 11135. Similarly breaking and sustaining below 10940 we can see a test of 10900 - 10890 initially and breaking and sustaining below it we can see a further correction till 10855 - 10820 . 


Nifty Spot Levels for the day are

Long above 11015 for 11035 - 11065 - 11135 , SL 10990

Short below 10940 for 10920 - 10890 - 10820, SL 10965
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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.

Wednesday, 26 September 2018

Bank Nifty Spot Outlook for 27th Sep

BANK NIFTY


In the previous session Bank Nifty spot opened at 25525.10 which was also the high, made a low of 25197.35,  before closing at 25376.30

Had mentioned that long trade for the day will get triggered on sustaining above 25465 and short trade for the day will get triggered on sustaining below 25195 . Bank Nifty initially triggered our long trade at opening and then took our TSL . Post that the entire session Bank Nifty traded sideways between our long and short trigger levels .  

As mentioned " In this week Bank Nifty needs to break and sustain / close above 25875 to test 26165 - 26235 initially and above it we can see a test of 26490 - 26765 . Similarly Bank Nifty needs to break and sustain / close below 25320 to test 25030 - 24955 initially and below it we can see a test of 24705 - 24430. " , and Bank Nifty had triggered our weekly short trade in the previous session and completed our next targets with a low of 24678.25 . Now in the coming sessions Bank Nifty has resistance near 25510 and above it near 25605 - 25640 . 

As mentioned " For the month of September ,Bank Nifty longs will get confirmed with a consecutive close above 28455 for a initial target of 28870 - 28975 and sustaining / closing above it we can see a further test of 29335 - 29725 . Similarly , shorts will get confirmed with a consecutive close below  27670 for a initial target of 27255 - 27150 and sustaining / closing below it we can see a further move till 26790 - 26395 . " , and Bank Nifty had triggered our short trade below 27670 and completed all our short targets giving 1250+ points from the monthly short trade  . Bank Nifty has exceeded our short targets by a further 1450 points now with todays dip  . 

Now in the coming session Bank Nifty needs to break and sustain above 25510 to test 25655 - 25690 initially and sustaining above it we can see a further upmove till 25815 - 25950. Similarly breaking and sustaining below 25240 we can see a test of 25100 - 25065 initially and sustaining below it we can see a further correction till 24940 - 24805 .


Bank Nifty Spot Levels for the day are

Long above 25510 for 25595 - 25690 - 25950 , SL 25415

Short below 25240 for 25160 - 25065 - 24805 , SL 25335

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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.

Nifty Spot Outlook for 27th Sep

NIFTY


In the previous session Nifty spot opened at 11145.55 which was also the high for the day,  made a low of 10993.05,  before closing at 11053.80

Had mentioned that long trade will get triggered for the day on sustaining above 11110 and short trade will get triggered for the day on sustaining below 11025. Nifty initially triggered our long trade at opening and did just 30 points before taking our TSL . Nifty then triggered our short trade and did just 1 target . Nifty traded in a narrow sideways range for most of the session.

As mentioned " In this week Nifty needs to break and sustain / close above 11245 to test 11355 - 11385 initially and above it we can see a test of 11475 - 11580 . Similarly Nifty needs to break and sustain / close below 11040 to test 10930 - 10905 initially and below it we can see a test of 10810 - 10710 . " , Nifty had triggered our weekly short trade in the previous session and completed our initial targets with a low of 10882.85 . For further downmove Nifty had to close below 10905 which it did not do today and bounced back . Those who are looking to enter fresh shorts on further bounce in the coming session should keep a stoploss of 11110 . 

As mentioned " For the month of September ,Nifty longs will get confirmed with a consecutive close above 11795 for a initial target of 11915 - 11940 and sustaining / closing above it we can see a further test of 12045 - 12155 . Similarly , shorts will get confirmed with a consecutive close below  11565 for a initial target of 11450 - 11420 and sustaining / closing below it we can see a further move till 11320 - 11205 . " , and Nifty had triggered our monthly shorts below 11565 and made a low of 10866.45 completing all short targets . Nifty exceeded the short targets by another 350 points on the back of panic selling witnessed among many stocks from the financial sectors . 

Now in the coming session Nifty needs to break and sustain above 11095 to test 11135 - 11145 initially and sustaining above it we can see a further upmove till 11185 - 11225. Similarly breaking and sustaining below 11015 we can see a test of 10970 - 10960 initially and breaking and sustaining below it we can see a further correction till 10925 - 10885 . 


Nifty Spot Levels for the day are

Long above 11095 for 11120 - 11145 - 11225 , SL 11065

Short below 11015 for 10990 - 10960 - 10885 , SL 11040

Expected Expiry Range is

Upper End - 11153

Lower End - 10955

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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.

Tuesday, 25 September 2018

Bank Nifty Spot Outlook for 26th Sep

BANK NIFTY


In the previous session Bank Nifty spot opened at 24947.70, made a low of 24678.25, then made a high of 25406.95 before closing at 25330.35

Had mentioned that long trade for the day will get triggered on sustaining above 25080 and short trade for the day will get triggered on sustaining below 24860 . Bank Nifty initially triggered our short trade and did 180 points then took our TSL . Bank Nifty then triggered our long trade and did 320 points  . 

As mentioned " In this week Bank Nifty needs to break and sustain / close above 25875 to test 26165 - 26235 initially and above it we can see a test of 26490 - 26765 . Similarly Bank Nifty needs to break and sustain / close below 25320 to test 25030 - 24955 initially and below it we can see a test of 24705 - 24430. " , and Bank Nifty had triggered our weekly short trade in the previous session and completed our next targets with a low of 24678.25 . Now in the coming sessions Bank Nifty has resistance near 25510 and above it near 25605 - 25640 . 

As mentioned " For the month of September ,Bank Nifty longs will get confirmed with a consecutive close above 28455 for a initial target of 28870 - 28975 and sustaining / closing above it we can see a further test of 29335 - 29725 . Similarly , shorts will get confirmed with a consecutive close below  27670 for a initial target of 27255 - 27150 and sustaining / closing below it we can see a further move till 26790 - 26395 . " , and Bank Nifty had triggered our short trade below 27670 and completed all our short targets giving 1250+ points from the monthly short trade  . Bank Nifty has exceeded our short targets by a further 1450 points now with todays dip  . 

Now in the coming session Bank Nifty needs to break and sustain above 25465 to test 25605 - 25640 initially and sustaining above it we can see a further upmove till 25765 - 25895. Similarly breaking and sustaining below 25195 we can see a test of 25055 - 25020 initially and sustaining below it we can see a further correction till 24900 - 24765 .


Bank Nifty Spot Levels for the day are

Long above 25465 for 25545 - 25640 - 25895 , SL 25370

Short below 25195 for 25115 - 25020 - 24765 , SL 24940

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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.

Nifty Spot Outlook for 26th Sep

NIFTY


In the previous session Nifty spot opened at 10969.95 made a low of 10882.85, then made a high of 11080.60 ,  before closing at 11067.45

Had mentioned that long trade will get triggered for the day on sustaining above 11010 and short trade will get triggered for the day on sustaining below 10930. Nifty triggered our short trade initially and did 50 points before taking our TSL . Nifty then triggered our long trade and did 70 points.

As mentioned " In this week Nifty needs to break and sustain / close above 11245 to test 11355 - 11385 initially and above it we can see a test of 11475 - 11580 . Similarly Nifty needs to break and sustain / close below 11040 to test 10930 - 10905 initially and below it we can see a test of 10810 - 10710 . " , Nifty had triggered our weekly short trade in the previous session and completed our initial targets with a low of 10882.85 . For further downmove Nifty had to close below 10905 which it did not do today and bounced back . Those who are looking to enter fresh shorts on further bounce in the coming session should keep a stoploss of 11110 . 

As mentioned " For the month of September ,Nifty longs will get confirmed with a consecutive close above 11795 for a initial target of 11915 - 11940 and sustaining / closing above it we can see a further test of 12045 - 12155 . Similarly , shorts will get confirmed with a consecutive close below  11565 for a initial target of 11450 - 11420 and sustaining / closing below it we can see a further move till 11320 - 11205 . " , and Nifty had triggered our monthly shorts below 11565 and made a low of 10866.45 completing all short targets . Nifty exceeded the short targets by another 350 points on the back of panic selling witnessed among many stocks from the financial sectors . 

Now in the coming session Nifty needs to break and sustain above 11110 to test 11155 - 11165 initially and sustaining above it we can see a further upmove till 11205 - 11250. Similarly breaking and sustaining below 11025 we can see a test of 10980 - 10970 initially and breaking and sustaining below it we can see a further correction till 10930 - 10890 . 


Nifty Spot Levels for the day are

Long above 11110 for 11135 - 11165 - 11250 , SL 11080

Short below 11025 for 11000 - 10970 - 10890 , SL 11055

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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.

Monday, 24 September 2018

Bank Nifty Spot Outlook for 25th Sep

BANK NIFTY


In the previous session Bank Nifty spot opened at 25645.05, made a high of 25649.70, then made a low of 24904.50 before closing at 24970.35

Had mentioned that long trade for the day will get triggered on sustaining above 25700 and short trade for the day will get triggered on sustaining below 25495 . Bank Nifty triggered our short trade and completed all our targets . 

As mentioned " In this week Bank Nifty needs to break and sustain / close above 25875 to test 26165 - 26235 initially and above it we can see a test of 26490 - 26765 . Similarly Bank Nifty needs to break and sustain / close below 25320 to test 25030 - 24955 initially and below it we can see a test of 24705 - 24430. " , and Bank Nifty triggered our weekly short trade and completed our initial targets with a low of 24904.50 . Now in the coming sessions Bank Nifty needs to sustain below 24955 to move towards our next short targets and it needs to sustain above 25030 to move back till 25270 - 25320 . 

As mentioned " For the month of September ,Bank Nifty longs will get confirmed with a consecutive close above 28455 for a initial target of 28870 - 28975 and sustaining / closing above it we can see a further test of 29335 - 29725 . Similarly , shorts will get confirmed with a consecutive close below  27670 for a initial target of 27255 - 27150 and sustaining / closing below it we can see a further move till 26790 - 26395 . " , and Bank Nifty had triggered our short trade below 27670 and completed all our short targets giving 1250+ points from the monthly short trade  . Bank Nifty has exceeded our short targets by a further 1450 points now with todays dip  . 

Now in the coming session Bank Nifty needs to break and sustain above 25080 to test 25195 - 25225 initially and sustaining above it we can see a further upmove till 25320 - 25430. Similarly breaking and sustaining below 24860 we can see a test of 24745 - 24715 initially and sustaining below it we can see a further correction till 24620 - 24510 .


Bank Nifty Spot Levels for the day are

Long above 25080 for 25145 - 25225 - 25430 , SL 25000

Short below 24860 for 24795 - 24715 - 24510 , SL 24940

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.