Sunday, 18 August 2019

Bank Nifty Spot Outlook for 19th Aug

BANK NIFTY


In the previous session Bank Nifty spot opened at 27920.30 , made a low of 27720.95, it made a high of 28251.05,  before closing at 28217

Had mentioned that long trade will get triggered for the day on sustaining above 28180 and short trade will get triggered for the day on sustaining below 27860. Bank Nifty initially triggered our short trade and completed 1 target and took our TSL. Bank Nifty then triggered our long trade but failed to complete any targets indicating indecisiveness.



For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 28630 and then enter for a initial target of 29065 - 29175 and look to hold further only on sustaining or getting a close above 29175 for the next targets of 29545 - 29960. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 27805 and then enter for a initial target of 27370 - 27260 and look to hold further only on sustaining or getting a close below 27260 for the next targets of 26890 - 26480.



For the month of August , longs will be confirmed in Bank Nifty with a consecutive close above 29490 for a initial target of 30135 - 30300 and sustaining / closing above 30300 we can see a further move till 30860 - 31470 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 28260 for a initial target of 27615 - 27450 and sustaining / closing below 27450 we can see a further move till 26895 - 26280.


Bank Nifty had confirmed our monthly short trade and completed our initial targets with a low of 27389.50 . For a further correction Bank Nifty has to give a close below 27450 and holding the same we can expect this bounce to hold.

Now on the downside Bank Nifty has immediate support near 27615 - 27450 which it needs to hold in the coming sessions else the correction can extend towards 26895 - 26280 .Bank Nifty has immediate resistance at 28470 - 28630 zone which it needs to strongly close above in the coming week for the bounce to extend . 






Now in the coming session Bank Nifty needs to break and sustain above 28375 to test 28535 - 28580 initially and sustaining above it we can see a further upmove till 28720 - 28875. Similarly breaking and sustaining below 28060 we can see a test of 27900 - 27855 initially and sustaining below it we can see a further correction till 27715 - 27560.



Bank Nifty Spot Levels for the day are

Long above 28375 for 28470 - 28580 - 28875 , SL 28265

Short below 28060 for 27965 - 27855 - 27560 , SL 28170


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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.

Nifty Spot Outlook for 19th Aug

NIFTY


In the previous session Nifty spot opened at 11043.65, made a low of 10924.30, then made a high of 11068.65,  before closing at 11047.80


Had mentioned that long trade will get triggered for the day on sustaining above 11075 and short trade will get triggered for the day on sustaining below 10980. Nifty our short trade and completed nearly 2 targets and then took our TSL.


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11165 and then enter for a initial target of 11285 - 11315 and look to hold further only on sustaining or getting a close above 11315 for the next targets of 11420 - 11535. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 10930 and then enter for a initial target of 10810 - 10780 and look to hold further only on sustaining or getting a close below 10780 for the next targets of 10675 - 10560. 




For the month of August , longs will get confirmed in Nifty with a consecutive close above 11250 for a initial target of 11390 - 11425 and sustaining / closing above it we can see a further move till 11545 - 11675 .  Similarly shorts will get confirmed with a consecutive close below 10985 for  a initial target of 10845 - 10810 and sustaining / closing below it we can see a further move till 10690 - 10560 .

Nifty had confirmed our short trade for the month and made a low of 10762.80 completing our initial targets . For further correction we need to get a close below 10810 and as long as its held we can expect a upward to sideways movement.

On the upside Nifty has immediate resistance near 11200 - 11250 in the coming sessions and on getting a consecutive close above 11250 we can see a further upmove 11390 - 11425  . On the downside Nifty has immediate support at 10845 - 10810 and only closing below 10810 we can see further correction towards 10690 - 10560.



Now in the coming session Nifty needs to break and sustain above 11090 to test 11140 - 11150 initially and sustaining above it we can see a further upmove till 11190 - 11235. Similarly breaking and sustaining below 11005 we can see a test of 10955 - 10945 initially and breaking and sustaining below it we can see a further correction till 10905 - 10865.


Nifty Spot Levels for the day are

Long above 11090 for 11120 - 11150 - 11235 , SL 11060

Short below 11005 for 10975 - 10945 - 10865 , SL 11035


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.

Saturday, 17 August 2019

Weekly Spot Outlook Of Bank Nifty For 19th to 23rd Aug

BANK NIFTY

This week Bank Nifty spot went down by 748 points before finally ending the week with a loss of 215 points compared to last weekly closing.

As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 28815 to confirm uptrend and Bank Nifty spot needed to sustain and close below 28045 to confirm downtrend for the week. Bank Nifty made a high of 28358.85 and made a low of 27683.50 for the week. 


Had mentioned in previous weekly post that Bank Nifty needs to sustain above 28815 to test 29225 - 29325 initially and above it further till 29675 - 30060 and Bank Nifty needs to sustain below 28045 to test 27640 - 27540 initially and below it further till 27190 - 26800 , and Bank Nifty confirmed our weekly short trade and nearly completed our initial short targets.


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 28630 and then enter for a initial target of 29065 - 29175 and look to hold further only on sustaining or getting a close above 29175 for the next targets of 29545 - 29960. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 27805 and then enter for a initial target of 27370 - 27260 and look to hold further only on sustaining or getting a close below 27260 for the next targets of 26890 - 26480.


For the month of August , longs will be confirmed in Bank Nifty with a consecutive close above 29490 for a initial target of 30135 - 30300 and sustaining / closing above it we can see a further move till 30860 - 31470 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 28260 for a initial target of 27615 - 27450 and sustaining / closing below it we can see a further move till 26895 - 26280.

Bank Nifty had confirmed our monthly short trade and completed our initial targets with a low of 27389.50 . For a further correction Bank Nifty has to give a close below 27450 and holding the same we can expect this bounce .



Now on the downside Bank Nifty has immediate support near 27615 - 27450 which it needs to hold in the coming sessions else the correction can extend towards 26895 - 26280 .Bank Nifty has immediate resistance at 28690 - 28850 zone which it needs to strongly close above in the coming week for the bounce to extend . 


Bank Nifty Spot Levels for the week are

Long above 28470 , Tgt 28630 - 28755 - 28880

IF Bank Nifty spot manages to get a close / sustain above 29065 then 

long again for 29175 - 29545 - 29960

Short below 27960 , Tgt 27805 - 27680 - 27555

IF Bank Nifty spot manages to get a close / sustain below 27370 then 

short again for 27260 - 26890 - 26480



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 .

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Weekly Spot Outlook Of Nifty For 19th to 23rd Aug

NIFTY

This week Nifty went up by 36 points, then went down by 185 points before finally ending the week with a loss of 61 points compared to last weekly closing. 

As per levels given for the previous week Nifty Spot needed to sustain and close above 11220 to confirm uptrend and Nifty spot needed to sustain and close below 11000 to confirm downtrend for the week. Nifty made a high of 11145.90 and made a low of 10924.30


Had mentioned in previous weekly post that Nifty needs to sustain above 11220 to test 11335 - 11365 initially and closing above it can go further till 11460 - 11570 and Nifty needs to sustain below 11000 to test 10885 - 10855 initially and closing below it can go further till 10760 - 10650, and we saw Nifty triggering our weekly short trade and make a low of 10924.30 . Nifty did not complete our initial short targets indicating indecisiveness in the truncated week . 


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11165 and then enter for a initial target of 11285 - 11315 and look to hold further only on sustaining or getting a close above 11315 for the next targets of 11420 - 11535. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 10930 and then enter for a initial target of 10810 - 10780 and look to hold further only on sustaining or getting a close below 10780 for the next targets of 10675 - 10560. 


For the month of August , longs will get confirmed in Nifty with a consecutive close above 11250 for a initial target of 11390 - 11425 and sustaining / closing above it we can see a further move till 11545 - 11675 .  Similarly shorts will get confirmed with a consecutive close below 10985 for  a initial target of 10845 - 10810 and sustaining / closing below it we can see a further move till 10690 - 10560 . 

Nifty confirmed our short trade for the moth and has made a low of 10762.80 completing our initial targets . For further correction we need to get a close below 10810 and as long as its held we can expect a bounce on corrections. 

Now on the upside Nifty has immediate resistance near 11200 - 11250 in the coming sessions and on getting a consecutive close above 11250 we can see a further upmove 11390 - 11425  . On the downside Nifty has immediate support at 10845 - 10810 and only closing below 10810 we can see further correction towards 10690 - 10560.


Nifty Spot Levels for the week are

Long above 11120 , Tgt  11165 - 11200 - 11235

IF Nifty spot manages to get a close / sustain above 11285 then ,

long again for 11315 - 11420 - 11535

Short below 10975 , Tgt 10930 - 10895 - 10860

IF Nifty spot manages to get a close / sustain below 10810 then, 

short again for 10780 - 10675 - 10560


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, 15 August 2019

Bank Nifty Spot Outlook for 16th Aug

BANK NIFTY


In the previous session Bank Nifty spot opened at 27885.50 , made a high of 28107.05, it made a low of 27726.65,  before closing at 28019.20

Had mentioned that long trade will get triggered for the day on sustaining above 27885 and short trade will get triggered for the day on sustaining below 27575. Bank Nifty triggered our long trade and completed 2 targets giving 200+ points.


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 28815 and then enter for a initial target of 29225 - 29325 and look to hold further only on sustaining or getting a close above 29325 for the next targets of 29675 - 30060. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 28045 and then enter for a initial target of 27640 - 27540 and look to hold further only on sustaining or getting a close below 27540 for the next targets of 27190 - 26800.

Bank Nifty had triggered our weekly short trade and those who have entered short positions should book once near 27640 - 27540 as it can some support near these levels to bounce . Sustaining / closing below 27540 is required for further correction this week.



For the month of August , longs will be confirmed in Bank Nifty with a consecutive close above 29490 for a initial target of 30135 - 30300 and sustaining / closing above 30300 we can see a further move till 30860 - 31470 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 28260 for a initial target of 27615 - 27450 and sustaining / closing below 27450 we can see a further move till 26895 - 26280.


Bank Nifty had confirmed our monthly short trade and completed our initial targets with a low of 27389.50 . For a further correction Bank Nifty has to give a close below 27450 and holding the same we can expect this bounce to hold.

Now on the downside Bank Nifty has immediate support near 27615 - 27450 which it needs to hold in the coming sessions else the correction can extend towards 26895 - 26280 .Bank Nifty has immediate resistance at 28690 - 28850 zone which it needs to strongly close above in the coming week for the bounce to extend . 






Now in the coming session Bank Nifty needs to break and sustain above 28180 to test 28350 - 28395 initially and sustaining above it we can see a further upmove till 28540 - 28700. Similarly breaking and sustaining below 27860 we can see a test of 27690 - 27645 initially and sustaining below it we can see a further correction till 27500 - 27340.



Bank Nifty Spot Levels for the day are

Long above 28180 for 28280 - 28395 - 28700 , SL 28070

Short below 27860 for 27760 - 27645 - 27340 , SL 27970


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 Aug

NIFTY


In the previous session Nifty spot opened at 11003.25, made a high of 11078.15, then made a low of 10935.60,  before closing at 11029.40


Had mentioned that long trade will get triggered for the day on sustaining above 10970 and short trade will get triggered for the day on sustaining below 10880. Nifty triggered our long trade with a gap up and completed 2 targets 


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11220 and then enter for a initial target of 11335 - 11365 and look to hold further only on sustaining or getting a close above 11365 for the next targets of 11460 - 11570. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11000 and then enter for a initial target of 10885 - 10855 and look to hold further only on sustaining or getting a close below 10855 for the next targets of 10760 - 10650. 

Nifty had triggered our weekly short trade and those who have entered short positions should look to book once near our initial target of 10885 - 10855 and enter again only on a close below 10855 .



For the month of August , longs will get confirmed in Nifty with a consecutive close above 11250 for a initial target of 11390 - 11425 and sustaining / closing above it we can see a further move till 11545 - 11675 .  Similarly shorts will get confirmed with a consecutive close below 10985 for  a initial target of 10845 - 10810 and sustaining / closing below it we can see a further move till 10690 - 10560 .

Nifty had confirmed our short trade for the moth and made a low of 10762.80 completing our initial targets . For further correction we need to get a close below 10810 and as long as its held we can expect a up to sideways movement.

On the upside Nifty has immediate resistance near 11200 - 11250 in the coming sessions and on getting a consecutive close above 11250 we can see a further upmove 11390 - 11425  . On the downside Nifty has immediate support at 10845 - 10810 and only closing below 10810 we can see further correction towards 10690 - 10560.



Now in the coming session Nifty needs to break and sustain above 11075 to test 11125 - 11140 initially and sustaining above it we can see a further upmove till 11180 - 11230. Similarly breaking and sustaining below 10980 we can see a test of 10935 - 10920 initially and breaking and sustaining below it we can see a further correction till 10880 - 10830.


Nifty Spot Levels for the day are

Long above 11075 for 11105 - 11140 - 11230 , SL 11045

Short below 10980 for 10955 - 10920 - 10830 , SL 11015


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, 13 August 2019

Bank Nifty Spot Outlook for 14th Aug

BANK NIFTY


In the previous session Bank Nifty spot opened at 28356.80 , made a high of 28358.85, it made a low of 27683.50,  before closing at 27729.10

Had mentioned that long trade will get triggered for the day on sustaining above 28580 and short trade will get triggered for the day on sustaining below 28285. Bank Nifty triggered our short trade and completed all targets giving 450+ points.


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 28815 and then enter for a initial target of 29225 - 29325 and look to hold further only on sustaining or getting a close above 29325 for the next targets of 29675 - 30060. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 28045 and then enter for a initial target of 27640 - 27540 and look to hold further only on sustaining or getting a close below 27540 for the next targets of 27190 - 26800.

Bank Nifty triggered our weekly short trade and those who have entered short positions should book once near 27640 - 27540 as it can some support near these levels to bounce . Sustaining / closing below 27540 is required for further correction this week.



For the month of August , longs will be confirmed in Bank Nifty with a consecutive close above 29490 for a initial target of 30135 - 30300 and sustaining / closing above 30300 we can see a further move till 30860 - 31470 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 28260 for a initial target of 27615 - 27450 and sustaining / closing below 27450 we can see a further move till 26895 - 26280.


Bank Nifty had confirmed our monthly short trade and completed our initial targets with a low of 27389.50 . For a further correction Bank Nifty has to give a close below 27450 and holding the same we can expect this bounce to hold.

Now on the downside Bank Nifty has immediate support near 27615 - 27450 which it needs to hold in the coming sessions else the correction can extend towards 26895 - 26280 .Bank Nifty has immediate resistance at 28690 - 28850 zone which it needs to strongly close above in the coming week for the bounce to extend . 






Now in the coming session Bank Nifty needs to break and sustain above 27885 to test 28045 - 28085 initially and sustaining above it we can see a further upmove till 28225 - 28375. Similarly breaking and sustaining below 27575 we can see a test of 27415 - 27375 initially and sustaining below it we can see a further correction till 27235 - 27080.



Bank Nifty Spot Levels for the day are

Long above 27885 for 27975 - 28085 - 28375 , SL 27775

Short below 27575 for 27480 - 27375 - 27080 , SL 27685


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.