Monday, 10 September 2018

Nifty Spot Outlook for 11th Sep

NIFTY


In the previous session Nifty spot opened at 11570.25 , made a high of 11573 , then made a low of 11427.30,  before closing at 11438.10

Had mentioned that long trade will get triggered for the day on sustaining above 11610 and short trade will get triggered for the day on sustaining below 11570. Nifty triggered our short  trade and completed all our daily targets giving 65 points from the intraday short tradeand further triggered our weekly short trade to give us around 140 points. 

As mentioned " In this week Nifty needs to break and sustain / close above 11645 to test 11700 - 11715 initially and above it we can see a test of 11760 - 11815 . Similarly Nifty needs to break and sustain / close below 11535 to test 11480 - 11465 initially and below it we can see a test of 11415 - 11365 ." , and Nifty today triggered our weekly short trade and completed our initial targets giving 100 points from the weekly short trade 
 
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 has completed our initial targets of 11450 - 11420 after confirming our monthly short trade giving 145 points till now . Now Nifty needs to sustain / close below 11420 for the next move till 11320 - 11205 and sustaining / closing above 11535 - 11570 we can see a move back till 11625 - 11650  . 

Now in the coming session Nifty needs to break and sustain above 11465 to test 11490 - 11495 initially and sustaining above it we can see a further upmove till 11515 - 11540. Similarly breaking and sustaining below 11415 we can see a test of 11390 - 11385 initially and breaking and sustaining below it we can see a further correction till 11360 - 11335. 


Nifty Spot Levels for the day are

Long above 11465 for 11480 - 11495 - 11540 , SL 11430

Short below 11415 for 11400 - 11385 - 11335 , SL 11445

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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.