Thursday 13 September 2018

Nifty Spot Outlook for 14th Sep

NIFTY


In the previous session Nifty spot opened at 11340.10 , made a low of 11250.20 , then made a high of 11380.75,  before closing at 11369.90

Had mentioned that long trade will get triggered for the day on sustaining above 11315 and short trade will get triggered for the day on sustaining below 11260. Nifty opened gap up but took stoploss of longs and then triggered shorts but did not sustain before finally moving up to give 65 points . Overall a flat jittery day for traders. 

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 has completed our last targets of 11415 - 11365 on tuesday itself . 

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 11250.20 nearly completing our last targets of 11320 - 11205 giving us till now 300 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 11405 to test 11435 - 11445 initially and sustaining above it we can see a further upmove till 11475 - 11505. Similarly breaking and sustaining below 11335 we can see a test of 11305 - 11295 initially and breaking and sustaining below it we can see a further correction till 11265 - 11235. 


Nifty Spot Levels for the day are

Long above 11405 for 11420 - 11445 - 11505 , SL 11360

Short below 11335 for 11320 - 11295 - 11235 , SL 11380

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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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