Saturday, 7 December 2019

Weekly Spot Outlook Of Bank Nifty For 09th to 13th Dec

BANK NIFTY

This past week Bank Nifty spot went up by 181 points then went down by 695 points before finally ending the week with a loss of 605 points compared to last weekly closing.

Bank Nifty had made a new life time high of 32157.05 last week and failed to break above it this week and made a low of 31250.65.  


Had mentioned in previous weekly post that to confirm a long trade Bank Nifty needs to sustain /close above 32155 to enter for a test of 32380 - 32435 initially and above it further till 32625 - 32835 and to confirm a short trade Bank Nifty needs to sustain/close below 31735 to test 31515 - 31460 initially and below it further till 31270 - 31060 , and Bank Nifty triggered our short trade and nearly completed all targets giving 500 points .


For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 31590 and then enter for a initial target of 31850 - 31915 and look to hold further only on sustaining or getting a close above 31915 for the next targets of 32140 - 32385.

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 31095 and then enter for a initial target of 30835 - 30765 and look to hold further only on sustaining or getting a close below 30765 for the next targets of 30545 - 30300.



For this month :

For the month of December, longs will be confirmed in Bank Nifty with a consecutive close above 32380 for a initial target of 32840 - 32955 and sustaining / closing above 32955 we can see a further move till 33350 - 33785 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 31510 for a initial target of 31055 - 30935 and sustaining / closing below 30935 we can see a further move till 30545 - 30110.


Bank Nifty has closed below 31510 and a consecutive close below it will confirm monthly shorts . In the coming session sustaining below 31510 we can see it move towards its initial targets of 31055 - 30935 .


Bank Nifty has immediate resistance near 31495 - 31590 and above it strong resistance at 32215 - 32380 levels.

Bank Nifty has immediate support at 31190 - 31095 and sustaining below it the next support is at 30835 - 30770. 


Bank Nifty Spot Levels for the week are

Long above 31495 , Tgt 31590 - 31665 - 31740

IF Bank Nifty spot manages to get a close / sustain above 31850 then 

long again for 31915 - 32140 - 32385

Short below 31190 , Tgt 31095 - 31020 - 30945

IF Bank Nifty spot manages to get a close / sustain below 30835 then 

short again for 30765 - 30545 - 30300


We have a Telegram Channel under the name of Simply Trade Stocks where live trading ideas are shared. Those who wish to join can click on this link " https://t.me/simplytradestocks " and open it with telegram .



P.S. Always wait for the yellow highlighted levels to be crossed after taking a long/short position for confirmation of the trade . Once the highlighted levels are crossed and the next target is achieved move your Stoploss to the highlighted levels and continue trailing it further .

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.

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.

Weekly Spot Outlook Of Nifty For 09th to 13th Dec

NIFTY

This past week Nifty went up by 81.10 points and then went down by 167 points before finally ending the week with a loss of 134 points compared to last weekly closing. 

Nifty failed to break above its new all time high of 12158.80 made last week  

Had mentioned in previous weekly post that to enter a long trade Nifty needs to sustain/close above 12135 to test 12215 - 12235 initially and closing above it can go further till 12305 - 12380 and to enter a short trade Nifty needs to sustain below 11980 to test 11900 - 11875 initially and closing below it can go further till 11810 - 11730, and we saw Nifty make a high of 12137.15 just at our long confirmation but failed to sustain and faced resistance . Nifty then reversed to confirm our weekly short trade by sustaining below 11980 and completed our initial targets of 11900 - 11875 with a low of 11888.85 giving around 90 points . 


For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11980 and then enter for a initial target of 12040 - 12055 and look to hold further only on sustaining or getting a close above 12055 for the next targets of 12110 - 12165. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11865 and then enter for a initial target of 11800 - 11785 and look to hold further only on sustaining or getting a close below 11785 for the next targets of 11735 - 11680. 


For this month :

For the month of December , longs will get confirmed in Nifty with a consecutive close above 12215 for a initial target of 12385 - 12425 and sustaining / closing above 12425 we can see a further move till 12570 - 12730 .  Similarly shorts will get confirmed with a consecutive close below 11895 for  a initial target of 11730 - 11685 and sustaining / closing below 11685 we can see a further move till 11545 - 11385 . 

Nifty has immediate resistance at 12155 - 12215 for this month and on getting a consecutive close above it we can see a move towards 12345 - 12425 next. 

Nifty has resistance for this week at 11960 - 11980 .

As mentioned in the previous week "On the downside Nifty has immediate support near 12010 - 11980 in the coming sessions and on getting a strong close below 11980 we can see a down move towards 11900 - 11875 levels ." , and we saw Nifty make a low of 11888.85 on sustaining below 11980.

Nifty has immediate support for this week at 11885 - 11865 and sustaining / closing below it we can see it test its next strong support at 11800 - 11785.


Nifty Spot Levels for the week are

Long above 11960 , Tgt  11980 - 11995 - 12015

IF Nifty spot manages to get a close / sustain above 12040 then ,

long again for 12055 - 12110 - 12165

Short below 11885 , Tgt 11865 - 11845 - 11830

IF Nifty spot manages to get a close / sustain below 11800 then, 

short again for 11785 - 11735 - 11680


We have a Telegram Channel under the name of Simply Trade Stocks where live trading ideas are shared. Those who wish to join can click on this link " https://t.me/simplytradestocks " and open it with telegram .



P.S. Always wait for the yellow highlighted levels to be crossed after taking a long/short position for confirmation of the trade . Once the highlighted levels are crossed and the next target is achieved move your Stoploss to the highlighted levels and keep trailing your stoploss .

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.

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.

Thursday, 5 December 2019

Bank Nifty Spot Outlook for 06th Dec

BANK NIFTY


In the previous session Bank Nifty spot opened at 32083.80, made a high of 32126.95,  made a low of 31628.30 before closing at 31712.95


Had mentioned that long trade will get triggered for the day on sustaining above 32075 and short trade will get triggered for the day on sustaining below 31880. Bank Nifty initially triggered our long trade and  took our stoploss. Bank Nifty then reversed to trigger our short trade and completed 2 targets giving 200+ points . 


For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 32155 and then enter for a initial target of 32380 - 32435 and look to hold further only on sustaining or getting a close above 32435 for the next targets of 32625 - 32835.

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 31735 and then enter for a initial target of 31515 - 31460 and look to hold further only on sustaining or getting a close below 31460 for the next targets of 31270 - 31060.

Bank Nifty had confirmed our weekly short trade and completed our initial short targets of 31515 - 31460 with a low of 31444.00 giving 350+ points from the weekly short trade. Bank Nifty then failed to sustain below 31460 and we saw a strong pullback towards 32000+ levels. Today Bank Nifty has closed below the sideways range of 31735 - 32155 and again sustaining below 31735 we can see a retest of 31515 - 31460 . 



For this month :

For the month of December, longs will be confirmed in Bank Nifty with a consecutive close above 32380 for a initial target of 32840 - 32955 and sustaining / closing above 32955 we can see a further move till 33350 - 33785 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 31510 for a initial target of 31055 - 30935 and sustaining / closing below 30935 we can see a further move till 30545 - 30110.





Bank Nifty has immediate resistance near 32215 - 32380 and it needs to give a consecutive close above 32380 for a further upmove towards 32840 - 32955 levels.

As mentioned previously "Now on the downside Bank Nifty has immediate support near 31680 - 31510 and it needs to sustain or give a consecutive close below 31510 for a further downmove towards 31055 - 30940 levels." , Bank Nifty had tested our immediate support of 31680 - 31510 and has closed within in it and then again attemped a upmove to close above 32000 which has failed. Breaking and sustaining below 31510 in the coming session can put pressure on the Bank Nifty and we can see a further correction. 





Now in the coming session Bank Nifty needs to break and sustain above 31810 to test 31915 - 31940 initially and sustaining above it we can see a further upmove till 32030 - 32125. Similarly breaking and sustaining below 31615 we can see a test of 31515 - 31485 initially and sustaining below it we can see a further correction till 31400 - 31300



Bank Nifty Spot Levels for the day are

Long above 31810 for 31870 - 31940 - 32125 , SL 31745

Short below 31615 for 31555 - 31485 - 31300 , SL 31685


P.S.The stoploss has narrowed down a lot and usually it happens when the current trend is beginning to lose its steam. Lets see how it moves along in the coming sessions.

We have a Telegram Channel under the name of Simply Trade Stocks where live trading ideas are shared. Those who wish to join can click on this link " https://t.me/simplytradestocks " and open it with telegram .

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 06th Dec

NIFTY


In the previous session Nifty spot opened at 12071.25 , made a high of 12081.20 , made a low of 11998.75,   before closing at 12018.40

Had mentioned that long trade will get triggered for the day on sustaining above 12075 and short trade will get triggered for the day on sustaining below 12015. Nifty initially triggered our longt trade and took our stoploss. Nifty then reversed to trigger our short trade and again failed to complete any targets indicating indecisiveness.


For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 12135 and then enter for a initial target of 12215 - 12235 and look to hold further only on sustaining or getting a close above 12235 for the next targets of 12305 - 12380. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11980 and then enter for a initial target of 11900 - 11875 and look to hold further only on sustaining or getting a close below 11875 for the next targets of 11810 - 11730. 


Nifty has been trading with indecisiveness this week.


For this month :

For the month of December , longs will get confirmed in Nifty with a consecutive close above 12215 for a initial target of 12385 - 12425 and sustaining / closing above 12425 we can see a further move till 12570 - 12730 .  Similarly shorts will get confirmed with a consecutive close below 11895 for  a initial target of 11730 - 11685 and sustaining / closing below 11685 we can see a further move till 11545 - 11385 . 


Nifty has immediate resistance at 12155 - 12215 in the coming sessions and on getting a consecutive close above it we can see a move towards 12345 - 12425 next.

On the downside Nifty has immediate support near 12010 - 11980 in the coming sessions and on getting a strong close below 11980 we can see a down move towards 11900 - 11875 levels .






Now in the coming session Nifty needs to break and sustain above 12050 to test 12075 - 12085 initially and sustaining above it we can see a further upmove till 12110 - 12135. Similarly breaking and sustaining below 11990 we can see a test of 11960 - 11950 initially and breaking and sustaining below it we can see a further correction till 11925 - 11900


Nifty Spot Levels for the day are

Long above 12050 for 12065 - 12085 - 12135 , SL 12025

Short below 11990 for 11975 - 11950 - 11900 , SL 12010



We have a Telegram Channel under the name of Simply Trade Stocks where live trading ideas are shared. Those who wish to join can click on this link " https://t.me/simplytradestocks " and open it with telegram .


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, 4 December 2019

Bank Nifty Spot Outlook for 05th Dec

BANK NIFTY


In the previous session Bank Nifty spot opened at 31549.30, made a low of 31444.00,  made a high of 32017.75 before closing at 31979.30


Had mentioned that long trade will get triggered for the day on sustaining above 31700 and short trade will get triggered for the day on sustaining below 31525. Bank Nifty initially triggered our short trade and  completed just 1 target and took our TSL. Bank Nifty then reversed to trigger our short trade and completed all targets giving 275+ points in the last hour after a choppy session initially.


For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 32155 and then enter for a initial target of 32380 - 32435 and look to hold further only on sustaining or getting a close above 32435 for the next targets of 32625 - 32835.

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 31735 and then enter for a initial target of 31515 - 31460 and look to hold further only on sustaining or getting a close below 31460 for the next targets of 31270 - 31060.

Bank Nifty had confirmed our weekly short trade and today completed our initial short targets of 31515 - 31460 with a low of 31444.00 giving 350+ points from the weekly short trade. Bank Nifty then failed to sustain below 31460 and we saw a strong pullback towards 32000 levels. Now we are again back to the sideways range of 31735 - 32155 unless we get a decisive close beyond this range on either side.



For this month :

For the month of December, longs will be confirmed in Bank Nifty with a consecutive close above 32380 for a initial target of 32840 - 32955 and sustaining / closing above 32955 we can see a further move till 33350 - 33785 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 31510 for a initial target of 31055 - 30935 and sustaining / closing below 30935 we can see a further move till 30545 - 30110.





Bank Nifty has immediate resistance near 32215 - 32380 and it needs to give a consecutive close above 32380 for a further upmove towards 32840 - 32955 levels.

As mentioned previously "Now on the downside Bank Nifty has immediate support near 31680 - 31510 and it needs to sustain or give a consecutive close below 31510 for a further downmove towards 31055 - 30940 levels." , today Bank Nifty tested our immediate support of 31680 - 31510 and has closed within in it. Breaking and sustaining below 31510 in the coming session can put pressure on the Bank Nifty and we can see a further correction. 





Now in the coming session Bank Nifty needs to break and sustain above 32075 to test 32180 - 32205 initially and sustaining above it we can see a further upmove till 32295 - 32390. Similarly breaking and sustaining below 31880 we can see a test of 31780 - 31755 initially and sustaining below it we can see a further correction till 31665 - 31570



Bank Nifty Spot Levels for the day are

Long above 32075 for 32135 - 32205 - 32390 , SL 32010

Short below 31880 for 31825 - 31755 - 31570 , SL 31950


P.S.The stoploss has narrowed down a lot and usually it happens when the current trend is beginning to lose its steam. Lets see how it moves along in the coming sessions.

We have a Telegram Channel under the name of Simply Trade Stocks where live trading ideas are shared. Those who wish to join can click on this link " https://t.me/simplytradestocks " and open it with telegram .

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 05th Dec

NIFTY


In the previous session Nifty spot opened at 11969.95 , made a low of 11935.30 , made a high of 12054.70,   before closing at 12043.20

Had mentioned that long trade will get triggered for the day on sustaining above 12025 and short trade will get triggered for the day on sustaining below 11965. Nifty initially triggered our short trade and nearly completed 2 targets giving 30 points and took our TSL. Nifty then reversed and triggered our long trade and completed just 1 target.


For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 12135 and then enter for a initial target of 12215 - 12235 and look to hold further only on sustaining or getting a close above 12235 for the next targets of 12305 - 12380. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11980 and then enter for a initial target of 11900 - 11875 and look to hold further only on sustaining or getting a close below 11875 for the next targets of 11810 - 11730. 


On Tuesday Nifty broke the range of 11980 - 12135 on the downside but managed to close within the range . Today again Nifty broke the range on the downside and corrected till 11935.30 before recovering to close in the green in the last session. 

For this month :

For the month of December , longs will get confirmed in Nifty with a consecutive close above 12215 for a initial target of 12385 - 12425 and sustaining / closing above 12425 we can see a further move till 12570 - 12730 .  Similarly shorts will get confirmed with a consecutive close below 11895 for  a initial target of 11730 - 11685 and sustaining / closing below 11685 we can see a further move till 11545 - 11385 . 


Nifty has immediate resistance at 12155 - 12215 in the coming sessions and on getting a consecutive close above it we can see a move towards 12345 - 12425 next.

On the downside Nifty has immediate support near 12010 - 11980 in the coming sessions and on getting a strong close below 11980 we can see a down move towards 11900 - 11875 levels .






Now in the coming session Nifty needs to break and sustain above 12075 to test 12105 - 12110 initially and sustaining above it we can see a further upmove till 12135 - 12165. Similarly breaking and sustaining below 12015 we can see a test of 11985 - 11975 initially and breaking and sustaining below it we can see a further correction till 11950 - 11920


Nifty Spot Levels for the day are

Long above 12075 for 12090 - 12110 - 12165 , SL 12050

Short below 12015 for 11995 - 11975 - 11920 , SL 12035



We have a Telegram Channel under the name of Simply Trade Stocks where live trading ideas are shared. Those who wish to join can click on this link " https://t.me/simplytradestocks " and open it with telegram .


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.