Tuesday 11 September 2018

Nifty Spot Outlook for 12th Sep

NIFTY


In the previous session Nifty spot opened at 11476.85 , made a high of 11479.40 , then made a low of 11274,  before closing at 11287.50

Had mentioned that long trade will get triggered for the day on sustaining above 11465 and short trade will get triggered for the day on sustaining below 11415. Nifty triggered our long trade at opening but did not sustain and took our stoploss . Nifty then triggered our short trade and completed all our daily targets and did 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 had triggered our weekly short trade in the previous session and today completed our last targets of 11415 - 11365 with a low of 11274.

 
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 today made a low of 11274 nearly completing our last targets of 11320 - 11205 giving us till now 290 points from the monthly short trade . Now Nifty needs to sustain / close above 11370 for move back till 11420 - 11470 and sustaining / closing below 11360 - 11290 we can see a move  till 11230 - 11205  . 

Now in the coming session Nifty needs to break and sustain above 11315 to test 11345 - 11355 initially and sustaining above it we can see a further upmove till 11380 - 11405. Similarly breaking and sustaining below 11260 we can see a test of 11230 - 11225 initially and breaking and sustaining below it we can see a further correction till 11200 - 11170. 


Nifty Spot Levels for the day are

Long above 11315 for 11335 - 11355 - 11405 , SL 11280

Short below 11260 for 11245 - 11225 - 11170 , SL 11295

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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.

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