Thursday, 17 October 2019

Bank Nifty Spot Outlook for 18th Oct

BANK NIFTY


In the previous session Bank Nifty spot opened at 28596.35, made a low of 28487.95,  made a high of 29049.05 before closing at 28989.45

Had mentioned that long trade will get triggered for the day on sustaining above 28735 and short trade will get triggered for the day on sustaining below 28340. Bank Nifty triggered our long trade and completed 300 points.


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 28570 and then enter for a initial target of 29130 - 29270 and look to hold further only on sustaining or getting a close above 29270 for the next targets of 29750 - 30280. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 27515 and then enter for a initial target of 26960 - 26815 and look to hold further only on sustaining or getting a close below 26815 for the next targets of 26335 - 25810.


Bank Nifty confirmed our weekly long trade and completed 450 points nearly testing our initial targets. Now in the coming sessions Bank Nifty has to break and sustain above 29130 - 29270 for a further move towards our next targets . Those who are looking to enter fresh longs on a correction should keep a cbsl of 28515 .


For the month of October , longs will be confirmed in Bank Nifty with a consecutive close above 32145 for a initial target of 34415 - 34985 and sustaining / closing above 34985 we can see a further move till 36935 - 39080 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 27860 for a initial target of 25590 - 25020 and sustaining / closing below 25020 we can see a further move till 23070 - 20925.


Bank Nifty now needs to hold above 28570 in the coming session for the move till 29130 - 29270.

On the downside Bank Nifty has immediate support near 27715 - 27515 and it needs to give a strong close below it this week for a correction.







Now in the coming session Bank Nifty needs to break and sustain above 29195 to test 29410 - 29460 initially and sustaining above it we can see a further upmove till 29645 - 29850. Similarly breaking and sustaining below 28785 we can see a test of 28570 - 28515 initially and sustaining below it we can see a further correction till 28335 - 28130



Bank Nifty Spot Levels for the day are

Long above 29195 for 29320 - 29460 - 29850 , SL 29050

Short below 28785 for 28660 - 28515 - 28130 , SL 28930

Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/simplytradestocks

If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Nifty Spot Outlook for 18th Oct

NIFTY


In the previous session Nifty spot opened at 11466.30 , made a low of 11439.65 , made a high of 11599.10,  before closing at 11586.35


Had mentioned that long trade will get triggered for the day on sustaining above 11500 and short trade will get triggered for the day on sustaining below 11425. Nifty triggered our long trade and completed 100 points   .



For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11400 and then enter for a initial target of 11500 - 11530 and look to hold further only on sustaining or getting a close above 11530 for the next targets of 11615 - 11710. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11210 and then enter for a initial target of 11110 - 11080 and look to hold further only on sustaining or getting a close below 11080 for the next targets of 10995 - 10900. 

Nifty had triggered our weekly long trade and today made a high of 11599.10 giving 200 points from the weekly long trade . Those who want to enter fresh longs now should keep a trailing stoploss of 11545 and hold for the next targets of 11615 - 11710 .







For the month of October , longs will get confirmed in Nifty with a consecutive close above 12085 for a initial target of 12630 - 12770 and sustaining / closing above 12770 we can see a further move till 13240 - 13755 .  Similarly shorts will get confirmed with a consecutive close below 11055 for  a initial target of 10510 - 10375 and sustaining / closing below 10375 we can see a further move till 9905 - 9390 .




Now on the upside Nifty has immediate resistance near 11610 - 11625 in the coming sessions and only on sustaining above it we can see a further upmove. Failing to sustain above 11625 can see some profit booking . Those who are looking to enter fresh longs on correction should keep a cbsl of 11500.

On the downside Nifty has immediate support near 11245 - 11210 in the coming sessions and on getting a strong close below 11210 we can see a move again to break 11100 levels  .

As long as Nifty is able to hold / close above 11035 in case of a strong correction we can expect a upmove again.





Now in the coming session Nifty needs to break and sustain above 11625 to test 11665 - 11675 initially and sustaining above it we can see a further upmove till 11710 - 11745. Similarly breaking and sustaining below 11545 we can see a test of 11510 - 11500 initially and breaking and sustaining below it we can see a further correction till 11465 - 11425.


Nifty Spot Levels for the day are

Long above 11625 for 11645 - 11675 - 11745 , SL 11600

Short below 11545 for 11525 - 11500 - 11425 , SL 11575

Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/simplytradestocks


If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Wednesday, 16 October 2019

Bank Nifty Spot Outlook for 17th Oct

BANK NIFTY


In the previous session Bank Nifty spot opened at 28689.45, made a high of 28759.35,  made a low of 28305.40 before closing at 28538.80

Had mentioned that long trade will get triggered for the day on sustaining above 28755 and short trade will get triggered for the day on sustaining below 28355. Bank Nifty triggered our long trade but could not sustain and took our stoploss .


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 28570 and then enter for a initial target of 29130 - 29270 and look to hold further only on sustaining or getting a close above 29270 for the next targets of 29750 - 30280. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 27515 and then enter for a initial target of 26960 - 26815 and look to hold further only on sustaining or getting a close below 26815 for the next targets of 26335 - 25810.


Bank Nifty has today closed a second time marginally below our weekly long confirmation level and those who are looking to enter longs should keep a cbsl of 28205 and look for a exit near our initial targets of 29130 - 29270. 


For the month of October , longs will be confirmed in Bank Nifty with a consecutive close above 32145 for a initial target of 34415 - 34985 and sustaining / closing above 34985 we can see a further move till 36935 - 39080 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 27860 for a initial target of 25590 - 25020 and sustaining / closing below 25020 we can see a further move till 23070 - 20925.


As mentioned in the previous post "Bank Nifty has immediate resistance at 28370- 28570 zone and it needs to give a strong close above it for a upmove this week .", and today we saw Bank Nifty make a high of 28759.35 and close marginally below 28570 . Sustaining above 28570 in the coming session can see a good upmove.

On the downside Bank Nifty has immediate support near 27715 - 27515 and it needs to give a strong close below it this week for a correction.







Now in the coming session Bank Nifty needs to break and sustain above 28735 to test 28945 - 29000 initially and sustaining above it we can see a further upmove till 29175 - 29375. Similarly breaking and sustaining below 28340 we can see a test of 28135 - 28080 initially and sustaining below it we can see a further correction till 27900 - 27705



Bank Nifty Spot Levels for the day are

Long above 28735 for 28860 - 29000 - 29375 , SL 28600

Short below 28340 for 28220 - 28080 - 27705 , SL 28480

Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/simplytradestocks

If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Nifty Spot Outlook for 17th Oct

NIFTY


In the previous session Nifty spot opened at 11464.95 , made a high of 11481.05 , made a low of 11411.10,  before closing at 11464


Had mentioned that long trade will get triggered for the day on sustaining above 11470 and short trade will get triggered for the day on sustaining below 11390. Nifty triggered our long trade and took our stoploss  .



For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11400 and then enter for a initial target of 11500 - 11530 and look to hold further only on sustaining or getting a close above 11530 for the next targets of 11615 - 11710. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11210 and then enter for a initial target of 11110 - 11080 and look to hold further only on sustaining or getting a close below 11080 for the next targets of 10995 - 10900. 

Nifty had triggered our weekly long trade and those who have entered should keep a cbsl of 11335 now and hold for the initial targets of 11500 - 11530.







For the month of October , longs will get confirmed in Nifty with a consecutive close above 12085 for a initial target of 12630 - 12770 and sustaining / closing above 12770 we can see a further move till 13240 - 13755 .  Similarly shorts will get confirmed with a consecutive close below 11055 for  a initial target of 10510 - 10375 and sustaining / closing below 10375 we can see a further move till 9905 - 9390 .




As mentioned in the previous post " Now on the upside Nifty has immediate resistance near 11365 - 11400 in the coming sessions and only on getting a strong close above 11400 we can see a further upmove .", today Nifty has closed well above 11400 and any dip towards 11365 in the coming session can be used to go long with a cbsl of 11335. 


On the downside Nifty has immediate support near 11245 - 11210 in the coming sessions and on getting a strong close below 11210 we can see a move again to break 11100 levels  .

As long as Nifty is able to hold / close above 11035 in case of a strong correction we can expect a upmove again.





Now in the coming session Nifty needs to break and sustain above 11500 to test 11540 - 11550 initially and sustaining above it we can see a further upmove till 11580 - 11620. Similarly breaking and sustaining below 11425 we can see a test of 11390 - 11380 initially and breaking and sustaining below it we can see a further correction till 11345 - 11310.


Nifty Spot Levels for the day are

Long above 11500 for 11525 - 11550 - 11620 , SL 11475

Short below 11425 for 11405 - 11380 - 11310 , SL 11455

Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/simplytradestocks


If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Tuesday, 15 October 2019

Bank Nifty Spot Outlook for 16th Oct

BANK NIFTY


In the previous session Bank Nifty spot opened at 28257.85, made a low of 28186.25,  made a high of 28694.85 before closing at 28555.10

Had mentioned that long trade will get triggered for the day on sustaining above 28390 and short trade will get triggered for the day on sustaining below 27975. Bank Nifty triggered our long trade and completed 300 points .


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 28570 and then enter for a initial target of 29130 - 29270 and look to hold further only on sustaining or getting a close above 29270 for the next targets of 29750 - 30280. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 27515 and then enter for a initial target of 26960 - 26815 and look to hold further only on sustaining or getting a close below 26815 for the next targets of 26335 - 25810.


Bank Nifty has closed marginally below our long trade confirmation and those who are looking to enter longs should keep a cbsl of 28205 and look for a exit near our initial targets of 29130 - 29270. 


For the month of October , longs will be confirmed in Bank Nifty with a consecutive close above 32145 for a initial target of 34415 - 34985 and sustaining / closing above 34985 we can see a further move till 36935 - 39080 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 27860 for a initial target of 25590 - 25020 and sustaining / closing below 25020 we can see a further move till 23070 - 20925.


As mentioned in the previous post "Bank Nifty has immediate resistance at 28370- 28570 zone and it needs to give a strong close above it for a upmove this week .", and today we saw Bank Nifty make a high of 28694.85 and close marginally below 28570 . Sustaining above 28570 in the coming session can see a good upmove.

On the downside Bank Nifty has immediate support near 27715 - 27515 and it needs to give a strong close below it this week for a correction.







Now in the coming session Bank Nifty needs to break and sustain above 28755 to test 28970 - 29025 initially and sustaining above it we can see a further upmove till 29210 - 29410. Similarly breaking and sustaining below 28355 we can see a test of 28140 - 28085 initially and sustaining below it we can see a further correction till 27900 - 27700



Bank Nifty Spot Levels for the day are

Long above 28755 for 28880 - 29025 - 29410 , SL 28615

Short below 28355 for 28230 - 28085 - 27700 , SL 28495

Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/simplytradestocks

If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.

Nifty Spot Outlook for 16th Oct

NIFTY


In the previous session Nifty spot opened at 11360.85 , made a low of 11342.10 , made a high of 11462.35,  before closing at 11428.30


Had mentioned that long trade will get triggered for the day on sustaining above 11380 and short trade will get triggered for the day on sustaining below 11305. Nifty triggered our long trade and completed 75+ points .



For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11400 and then enter for a initial target of 11500 - 11530 and look to hold further only on sustaining or getting a close above 11530 for the next targets of 11615 - 11710. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11210 and then enter for a initial target of 11110 - 11080 and look to hold further only on sustaining or getting a close below 11080 for the next targets of 10995 - 10900. 

Nifty today triggered our weekly long trade and those who have entered should keep a cbsl of 11335 now and hold for the initial targets of 11500 - 11530







For the month of October , longs will get confirmed in Nifty with a consecutive close above 12085 for a initial target of 12630 - 12770 and sustaining / closing above 12770 we can see a further move till 13240 - 13755 .  Similarly shorts will get confirmed with a consecutive close below 11055 for  a initial target of 10510 - 10375 and sustaining / closing below 10375 we can see a further move till 9905 - 9390 .




As mentioned in the previous post " Now on the upside Nifty has immediate resistance near 11365 - 11400 in the coming sessions and only on getting a strong close above 11400 we can see a further upmove .", today Nifty has closed well above 11400 and any dip towards 11365 in the coming session can be used to go long with a cbsl of 11335. 


On the downside Nifty has immediate support near 11245 - 11210 in the coming sessions and on getting a strong close below 11210 we can see a move again to break 11100 levels  .

As long as Nifty is able to hold / close above 11035 in case of a correction we can expect a upmove again.





Now in the coming session Nifty needs to break and sustain above 11470 to test 11510 - 11520 initially and sustaining above it we can see a further upmove till 11555 - 11595. Similarly breaking and sustaining below 11390 we can see a test of 11345 - 11335 initially and breaking and sustaining below it we can see a further correction till 11300 - 11265.


Nifty Spot Levels for the day are

Long above 11470 for 11490 - 11520 - 11595 , SL 11440

Short below 11390 for 11365 - 11335 - 11265 , SL 11420

Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/simplytradestocks


If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.