Monday, 17 September 2018

Nifty Spot Outlook for 18th Sep

NIFTY


In the previous session Nifty spot opened at 11464.95 which was also the high , made a low of 11366.90 ,  before closing at 11377.75

Had mentioned that long trade will get triggered for the day on sustaining above 11555 and short trade will get triggered for the day on sustaining below 11475. Nifty triggered our short trade and did 100 points. 

As mentioned " In this week Nifty needs to break and sustain / close above 11620 to test 11725 - 11755 initially and above it we can see a test of 11850 - 11950 . Similarly Nifty needs to break and sustain / close below 11410 to test 11305 - 11275 initially and below it we can see a test of 11185 - 11080 ." , and Nifty triggered our weekly short trade today and now it has to sustain below 11410 to test 11305 - 11275 initially. Those who are holding shorts should keep a trailing cbsl of 11455 now.

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 11250.20 nearly completing our last targets of 11320 - 11205 giving us 300 points from the monthly short trade .Also as mentioned in the previous post " Now Nifty needs to sustain / close above 11620 - 11650 for move back till 11715 - 11750 and sustaining / closing below 11450 - 11410 we can see a move  till 11350 - 11325  ." , and today made a low of 11366.90 on sustaining below 11450 - 11410. Now Nifty needs to sustain / close above 11450 - 11500 for move back till 11570 - 11610 and sustaining / closing below 11350 - 11325 we can see a move till 11250 - 11210 . 

Now in the coming session Nifty needs to break and sustain above 11420 to test 11460 - 11470 initially and sustaining above it we can see a further upmove till 11505 - 11545. Similarly breaking and sustaining below 11335 we can see a test of 11295 - 11285 initially and breaking and sustaining below it we can see a further correction till 11250 - 11210. 


Nifty Spot Levels for the day are

Long above 11420 for 11445 - 11470 - 11545 , SL 11390

Short below 11335 for 11315 - 11285 - 11210 , SL 11365

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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.