Tuesday, 18 September 2018

Nifty Spot Outlook for 19th Sep

NIFTY


In the previous session Nifty spot opened at 11381.55 . made a high of 11411.45 ,then made a low of 11268.95 ,  before closing at 11278.90

Had mentioned that long trade will get triggered for the day on sustaining above 11420 and short trade will get triggered for the day on sustaining below 11335. Nifty triggered our short trade and did 65 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 had triggered our weekly short trade in the previous session and today made a low of 11268.95 completing our initial targets of 11305 - 11275 . Now in the coming session Nifty needs to sustain below 11275 for the next targets and sustaining above 11305 we might see a bounce back till 11350 - 11380 levels initially . Those who are holding shorts should keep a trailing cbsl of 11380 now or look to book if it fails to sustain below 11275 in the coming session .

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 11450 - 11500 for move back till 11570 - 11610 and sustaining / closing below 11350 - 11325 we can see a move till 11250 - 11210 . " , and today Nifty made a low of 11268.95 on sustaining below 11350 - 11325 levels. Now in the coming session Nifty needs to sustain / close below 11275 for a move till 11205 - 11185 and sustaining / closing above 11305 we can see a move till 11350 - 11380. 

Now in the coming session Nifty needs to break and sustain above 11320 to test 11365 - 11375 initially and sustaining above it we can see a further upmove till 11410 - 11450. Similarly breaking and sustaining below 11235 we can see a test of 11195 - 11185 initially and breaking and sustaining below it we can see a further correction till 11150 - 11110. 


Nifty Spot Levels for the day are

Long above 11320 for 11345 - 11375 - 11450 , SL 11290

Short below 11235 for 11215 - 11185 - 11110 , SL 11265

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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.