Nifty Spot Outlook for 12th Nov

NIFTY

In the previous session Nifty spot opened at 10608.15, made a high of 10619.20 ,  made a low of 10547.35,  before closing at 10585.20

Now in this week Nifty needs to break and sustain / close above 10690 to test 10800 - 10825 initially and above it we can see a test of 10920 - 11025 . Similarly Nifty needs to break and sustain / close below 10480 to test 10375 - 10345 initially and below it we can see a test of 10250 - 10150 .

For the month of November , further longs will get confirmed with a consecutive close above 10660 for a initial target of 10945 - 11020 and sustaining / closing above it we can see a further test of 11265 - 11535 . Similarly , shorts will get confirmed with a consecutive close below  10115 for a initial target of 9830 - 9755 and sustaining / closing below it we can see a further move till 9510 - 9235 . 

Now in the coming session Nifty needs to break and sustain above 10625 to test 10650 - 10675 initially and sustaining above it we can see a further upmove till 10710 - 10750. Similarly breaking and sustaining below 10545 we can see a test of 10505 - 10495 initially and breaking and sustaining below it we can see a further correction till 10460 - 10420 .

Nifty Spot Levels for the day are

Long above 10625 for 10650 - 10675 - 10750 , SL 10595

Short below 10545 for 10520 - 10495 - 10420 , SL 10575

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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.