Thursday, 31 January 2019

Bank Nifty Spot Outlook for 01st Feb

BANK NIFTY


In the previous session Bank Nifty spot opened at 26969.15 and made a low of 26891.05,  it made a high of 27325.05,  before closing at 27295.45.

Had mentioned that long trade for the day will get triggered on sustaining above 26900 and short trade for the day will get triggered on sustaining below 26755 .Bank Nifty triggered our long trade and did 475 points as it sustained above 27080 above which we were expecting a further upmove for the expiry.

Had mentioned " For this week Bank Nifty needs to break and sustain / close above 27230 to test 27355 - 27385 initially and above it we can see a test of 27490 - 27605 . Similarly Bank Nifty needs to break and sustain / close below 27000 to test 26875 - 26845 initially and below it we can see a test of 26740 - 26625. " , and Bank Nifty had triggered our weekly short trade and had completed all our weekly short targets and even bettered it by another 180 points. Today Bank Nifty triggered our weekly long trade and nearly completed our initial target of 27355 - 27385 with a high of 27325.

For the month of February , longs will get confirmed with a consecutive close above 27835 for a initial target of 28410 - 28550 and sustaining / closing above it we can see a further test of 29045 - 29585 . Similarly , shorts will get confirmed with a consecutive close below  26755 for a initial target of 26185 - 26040 and sustaining / closing below it we can see a further move till 25550 - 25010.

Now in the coming session Bank Nifty needs to break and sustain above 27395 to test 27500 - 27525 initially and sustaining above it we can see a further upmove till 27615 - 27715. Similarly breaking and sustaining below 27195 we can see a test of 27095 - 27065 initially and sustaining below it we can see a further correction till 26975 - 26875. We have our interim budget and hence we can expect a volatile session and may see the trading range getting extended beyond 26875 - 27715 .


Bank Nifty Spot Levels for the day are

Long above 27395 for 27455 - 27525 - 27715 , SL 27325

Short below 27195 for 27135 - 27065 - 26875 , SL 27265

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Nifty Spot Outlook for 01st Feb

NIFTY


In the previous session Nifty spot opened at 10690.55 and made a low of 10678.55 ,  it made a high of 10838.05  before closing at 10830.95

Had mentioned that long trade will get triggered for the day on sustaining above 10675 and short trade will get triggered for the day on sustaining below 10630. Nifty initially triggered our long trade and did 200 points . Had mentioned that Nifty needs to sustain above 10760 for a higher expiry and we saw a further 75+ points move once it sustained above it . 

Had mentioned " For this week Nifty needs to break and sustain / close above 10850 to test 10920 - 10940 initially and above it we can see a test of 11000 - 11065 . Similarly Nifty needs to break and sustain / close below 10715 to test 10645 - 10625 initially and below it we can see a test of 10565 - 10495." , and Nifty had triggered our weekly shorts and nearly tested our next targets of 10565 - 10495 with a low of 10583.65 where exit was mentioned. 

Now Nifty needs to sustain above 10850 in the coming session for a move towards 10920 - 10940 and above it towards 11000 - 11065 .

For the month of February , longs in Nifty will get confirmed with a consecutive close above 11010 for a initial target of 11195 - 11245 and sustaining / closing above it we can see a further test of 11405 - 11580 . Similarly , shorts will get confirmed with a consecutive close below  10655 for a initial target of 10465 - 10420 and sustaining / closing below it we can see a further move till 10260 - 10080 . 

Now in the coming session Nifty needs to break and sustain above 10865 to test 10895 - 10905 initially and sustaining above it we can see a further upmove till 10935 - 10970. Similarly breaking and sustaining below 10800 we can see a test of 10765 - 10755 initially and breaking and sustaining below it we can see a further correction till 10725 - 10695. We have our interim budget and hence we can expect a volatile session and can see the trading range getting extended beyond 10695 - 10970 .



Nifty Spot Levels for the day are

Long above 10865 for 10885 - 10905 - 10970 , SL 10840

Short below 10800 for 10780 - 10755 - 10695 , SL 10825


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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.

Wednesday, 30 January 2019

Bank Nifty Spot Outlook for 31st Jan

BANK NIFTY


In the previous session Bank Nifty spot opened at 26789.75 and made a low of 26693.70,  it made a high of 26916.25,  before closing at 26825.50.

Had mentioned that long trade for the day will get triggered on sustaining above 26635 and short trade for the day will get triggered on sustaining below 26515 .Bank Nifty triggered our long trade and did 275 points .

Had mentioned " For this week Bank Nifty needs to break and sustain / close above 27230 to test 27355 - 27385 initially and above it we can see a test of 27490 - 27605 . Similarly Bank Nifty needs to break and sustain / close below 27000 to test 26875 - 26845 initially and below it we can see a test of 26740 - 26625. " , and Bank Nifty had triggered our weekly short trade and completed all our weekly short targets and even bettered it by another 180 points. 

Also as mentioned " For the month of January , longs will get confirmed with a consecutive close above 27290 for a initial target of 27725 - 27835 and sustaining / closing above it we can see a further test of 28210 - 28620 . Similarly , shorts will get confirmed with a consecutive close below  26465 for a initial target of 26035 - 25925 and sustaining / closing below it we can see a further move till 25550 - 25135." , and Bank Nifty had made a high of 27754.25 testing our initial targets of 27725 - 27835 after confirming our monthly long trade and had reversed . Today it tested our shorting level of 26465 with a low of 26441.55. but closed well above it . 

Had mentioned in the previous post "Now in the coming session Bank Nifty has to hold 26415 for a pullback to be expected towards 26715 - 26755 initially and above it towards 26865" , and Bank Nifty had made a low of 26441 and had bounced back and today made a high of 26916.25 .

Now in the coming session Bank Nifty needs to break and sustain above 26900 to test 26975 - 26995 initially and sustaining above it we can see a further upmove till 27055 - 27130. Similarly breaking and sustaining below 26755 we can see a test of 26680 - 26660 initially and sustaining below it we can see a further correction till 26595 - 26520. 



Bank Nifty Spot Levels for the day are

Long above 26900 for 26940 - 26995 - 27130 , SL 26845

Short below 26755 for 26710 - 26660 - 26520 , SL 26805

Bank Nifty needs to strongly break and sustain above 27080 for a further upmove on expiry day.

The expected expiry range band is as follows 

Upper End - 27035 to 27075

Lower End - 26615 to 26575

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Nifty Spot Outlook for 31st Jan

NIFTY


In the previous session Nifty spot opened at 10702.25 and made a high of 10710.20 ,  it made a low of 10612.85  before closing at 10651.80

Had mentioned that long trade will get triggered for the day on sustaining above 10675 and short trade will get triggered for the day on sustaining below 10630. Nifty initially triggered our long trade with a gap up above our 2nd target and did not give a chance to enter . It then triggered our short trade but did just 1 target and reversed indicating indecisiveness. 

Had mentioned " For this week Nifty needs to break and sustain / close above 10850 to test 10920 - 10940 initially and above it we can see a test of 11000 - 11065 . Similarly Nifty needs to break and sustain / close below 10715 to test 10645 - 10625 initially and below it we can see a test of 10565 - 10495." , and Nifty had triggered our weekly shorts and nearly tested our next targets of 10565 - 10495 with a low of 10583.65 where exit was mentioned.

As written in the previous post "Now Nifty needs to hold 10565 in the coming session on closing basis for any small pullback to be expected towards 10715 - 10740 ." , and with today's pullback we saw a high of 10710.20 near our target and exit levels.

Also as mentioned " For the month of January , longs in Nifty will get confirmed with a consecutive close above 10960 for a initial target of 11145 - 11195 and sustaining / closing above it we can see a further test of 11355 - 11530 . Similarly , shorts will get confirmed with a consecutive close below  10600 for a initial target of 10415 - 10370 and sustaining / closing below it we can see a further move till 10205 - 10030 . " , and Nifty failed to sustain  above 10960 and corrected now by 375 points . 

Now in the coming session Nifty needs to break and sustain above 10675 to test 10695 - 10700 initially and sustaining above it we can see a further upmove till 10715 - 10735. Similarly breaking and sustaining below 10630 we can see a test of 10610 - 10605 initially and breaking and sustaining below it we can see a further correction till 10590 - 10570. 

Nifty needs to strongly break and sustain above 10760 for a further upmove on expiry day.


Nifty Spot Levels for the day are

Long above 10675 for 10685 - 10700 - 10735 , SL 10655

Short below 10630 for 10620 - 10605 - 10570 , SL 10645

The expected expiry range band is as follows  

Upper End - 10725 to 10750

Lower End - 10580 to 10550

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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.

Tuesday, 29 January 2019

Bank Nifty Spot Outlook for 30th Jan

BANK NIFTY


In the previous session Bank Nifty spot opened at 26616.25 and made a low of 26441.55,  it made a high of 26743.85,  before closing at 26573.40.

Had mentioned that long trade for the day will get triggered on sustaining above 26715 and short trade for the day will get triggered on sustaining below 26590 .Bank Nifty initially triggered our short trade and did 150 points .

Had mentioned " For this week Bank Nifty needs to break and sustain / close above 27230 to test 27355 - 27385 initially and above it we can see a test of 27490 - 27605 . Similarly Bank Nifty needs to break and sustain / close below 27000 to test 26875 - 26845 initially and below it we can see a test of 26740 - 26625. " , and Bank Nifty had triggered our weekly short trade and completed all our weekly short targets in the previous session and today bettered it by another 180 points.

Also as mentioned " For the month of January , longs will get confirmed with a consecutive close above 27290 for a initial target of 27725 - 27835 and sustaining / closing above it we can see a further test of 28210 - 28620 . Similarly , shorts will get confirmed with a consecutive close below  26465 for a initial target of 26035 - 25925 and sustaining / closing below it we can see a further move till 25550 - 25135." , and Bank Nifty had made a high of 27754.25 testing our initial targets of 27725 - 27835 after confirming our monthly long trade and had reversed . Today it tested our shorting level of 26465 with a low of 26441.55. but closed well above it . 

Had mentioned in the previous post "Now in the coming session Bank Nifty has to hold 26415 for a pullback to be expected towards 26715 - 26755 initially and above it towards 26865" , and Bank Nifty made a low of 26441 and bounced back to test 26715 - 26755 .

Now in the coming session Bank Nifty needs to break and sustain above 26635 to test 26695 - 26710 initially and sustaining above it we can see a further upmove till 26765 - 26825. Similarly breaking and sustaining below 26515 we can see a test of 26455 - 26435 initially and sustaining below it we can see a further correction till 26385 - 26325. 



Bank Nifty Spot Levels for the day are

Long above 26635 for 26670 - 26710 - 26825 , SL 26590

Short below 26515 for 26480 - 26435 - 26325 , SL 26555

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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 30th Jan

NIFTY


In the previous session Nifty spot opened at 10653.70 and made a low of 10583.65 ,  it made a high of 10690.35  before closing at 10652.20

Had mentioned that long trade will get triggered for the day on sustaining above 10685 and short trade will get triggered for the day on sustaining below 10640. Nifty triggered our short trade for the day and did 55 points . It then reversed towards the end of day to move towards our long trigger.

Had mentioned " For this week Nifty needs to break and sustain / close above 10850 to test 10920 - 10940 initially and above it we can see a test of 11000 - 11065 . Similarly Nifty needs to break and sustain / close below 10715 to test 10645 - 10625 initially and below it we can see a test of 10565 - 10495." , and Nifty had triggered our weekly shorts and today nearly tested our next targets of 10565 - 10495 with a low of 10583.65 . Had further mentioned yesterday that " Those who are still short should trail their cbsl to 10695 and incase of a further correction look to book near 10585 ." , and Nifty gave a good exit to shorts today with the low of 10583.65.

As written in the previous post "Now Nifty needs to hold 10565 in the coming session on closing basis for any small pullback to be expected towards 10715 - 10740 ." , and with today's pullback we can see a test of 10715 - 10740 in the coming session. Those who are holding longs can look to book once near 10725 .

Also as mentioned " For the month of January , longs in Nifty will get confirmed with a consecutive close above 10960 for a initial target of 11145 - 11195 and sustaining / closing above it we can see a further test of 11355 - 11530 . Similarly , shorts will get confirmed with a consecutive close below  10600 for a initial target of 10415 - 10370 and sustaining / closing below it we can see a further move till 10205 - 10030 . " , and Nifty failed to sustain  above 10960 and corrected now by 375 points . 

Now in the coming session Nifty needs to break and sustain above 10675 to test 10695 - 10700 initially and sustaining above it we can see a further upmove till 10720 - 10740. Similarly breaking and sustaining below 10630 we can see a test of 10610 - 10605 initially and breaking and sustaining below it we can see a further correction till 10585 - 10565. 


Nifty Spot Levels for the day are

Long above 10675 for 10685 - 10700 - 10740 , SL 10655

Short below 10630 for 10620 - 10605 - 10565 , SL 10645

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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.

Monday, 28 January 2019

Bank Nifty Spot Outlook for 29th Jan

BANK NIFTY


In the previous session Bank Nifty spot opened at 27041.45 and made a high of 27134.20,  it made a low of 26587.95,  before closing at 26653.05.

Had mentioned that long trade for the day will get triggered on sustaining above 27160 and short trade for the day will get triggered on sustaining below 27070 .Bank Nifty  triggered our short trade and 480 points as it triggered our weekly short trade too. 

Had mentioned " For this week Bank Nifty needs to break and sustain / close above 27230 to test 27355 - 27385 initially and above it we can see a test of 27490 - 27605 . Similarly Bank Nifty needs to break and sustain / close below 27000 to test 26875 - 26845 initially and below it we can see a test of 26740 - 26625. " , and today Bank Nifty triggered our short trade and completed all our weekly short targets .

Also as mentioned " For the month of January , longs will get confirmed with a consecutive close above 27290 for a initial target of 27725 - 27835 and sustaining / closing above it we can see a further test of 28210 - 28620 . Similarly , shorts will get confirmed with a consecutive close below  26465 for a initial target of 26035 - 25925 and sustaining / closing below it we can see a further move till 25550 - 25135." , and Bank Nifty had made a high of 27754.25 testing our initial targets of 27725 - 27835 after confirming our monthly long trade and has now reversed . 

Now in the coming session Bank Nifty needs to break and sustain above 26715 to test 26785 - 26800 initially and sustaining above it we can see a further upmove till 26855 - 26920. Similarly breaking and sustaining below 26590 we can see a test of 26525 - 26505 initially and sustaining below it we can see a further correction till 26450 - 26385. 

Now in the coming session Bank Nifty has to hold 26415 for a pullback to be expected towards 26715 - 26755 initially and above it towards 26865


Bank Nifty Spot Levels for the day are

Long above 26715 for 26755 - 26800 - 26920 , SL 26670

Short below 26590 for 26550 - 26505 - 26385 , SL 26675

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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 29th Jan

NIFTY


In the previous session Nifty spot opened at 10792.45 and made a high of 10804.45 ,  then made a low of 10630.95  before closing at 10661.55

Had mentioned that long trade will get triggered for the day on sustaining above 10805 and short trade will get triggered for the day on sustaining below 10755. Nifty triggered our short trade for the day and did 130 points as it triggered our weekly shorts too .

Had mentioned " For this week Nifty needs to break and sustain / close above 10850 to test 10920 - 10940 initially and above it we can see a test of 11000 - 11065 . Similarly Nifty needs to break and sustain / close below 10715 to test 10645 - 10625 initially and below it we can see a test of 10565 - 10495." , and today Nifty triggered our weekly shorts and completed our initial targets of 10645 - 10625 with a low of 10630.95 giving a good exit . Now in the coming session Nifty needs to sustain below 10625 to test 10565 - 10495 . Those who are still short should trail their cbsl to 10695 and incase of a further correction look to book near 10585 .

As written in the previous post " Nifty now has strong support near 10740 - 10715 and it needs to hold these to expect a pullback and failing to do so we can expect a further correction. " , and today breaking below 10740 - 10715 we saw nearly a 100 point correction. 

Now Nifty needs to hold 10565 in the coming session on closing basis for any small pullback to be expected towards 10715 - 10740 . 

Also as mentioned " For the month of January , longs in Nifty will get confirmed with a consecutive close above 10960 for a initial target of 11145 - 11195 and sustaining / closing above it we can see a further test of 11355 - 11530 . Similarly , shorts will get confirmed with a consecutive close below  10600 for a initial target of 10415 - 10370 and sustaining / closing below it we can see a further move till 10205 - 10030 . " , and Nifty failed to sustain  above 10960 and corrected now by 200 points . 

Now in the coming session Nifty needs to break and sustain above 10685 to test 10705 - 10710 initially and sustaining above it we can see a further upmove till 10730 - 10750. Similarly breaking and sustaining below 10640 we can see a test of 10620 - 10615 initially and breaking and sustaining below it we can see a further correction till 10595 - 10575. 


Nifty Spot Levels for the day are

Long above 10685 for 10695 - 10710 - 10750 , SL 10665

Short below 10640 for 10630 - 10615 - 10575 , SL 10655

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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.

Bank Nifty Spot Outlook for 28th Jan

BANK NIFTY


In the previous session Bank Nifty spot opened at 27261.45 and made a high of 27433.55,  it made a low of 27045.20,  before closing at 27115.30

Had mentioned that long trade for the day will get triggered on sustaining above 27315 and short trade for the day will get triggered on sustaining below 27220 .Bank Nifty initially triggered our long trade and 110 points . It then reversed and triggered our short trade and did 170 points . 

For this week Bank Nifty needs to break and sustain / close above 27230 to test 27355 - 27385 initially and above it we can see a test of 27490 - 27605 . Similarly Bank Nifty needs to break and sustain / close below 27000 to test 26875 - 26845 initially and below it we can see a test of 26740 - 26625. 

Also as mentioned " For the month of January , longs will get confirmed with a consecutive close above 27290 for a initial target of 27725 - 27835 and sustaining / closing above it we can see a further test of 28210 - 28620 . Similarly , shorts will get confirmed with a consecutive close below  26465 for a initial target of 26035 - 25925 and sustaining / closing below it we can see a further move till 25550 - 25135." , and Bank Nifty had made a high of 27754.25 testing our initial targets of 27725 - 27835 after confirming our monthly long trade. Also as mentioned in the previous post " Today Bank Nifty closed below 27290 and sustaining below it we can see a test of 27140 -  27100 initially." and Bank Nifty made a low of 27045.20 today . 

Now in the coming session Bank Nifty needs to break and sustain above 27160 to test 27205 - 27220 initially and sustaining above it we can see a further upmove till 27260 - 27300. Similarly breaking and sustaining below 27070 we can see a test of 27025 - 27015 initially and sustaining below it we can see a further correction till 26975 - 26930.

Bank Nifty now has good support near 27045 - 27000 which it needs to hold to give a pullback and sustaining below it we can see a further correction.


Bank Nifty Spot Levels for the day are

Long above 27160  for 27185 - 27220 - 27300 , SL 27100

Short below 27070 for 27045 - 27015 - 26930 , SL 27125

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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.

Sunday, 27 January 2019

Nifty Spot Outlook for 28th Jan

NIFTY


In the previous session Nifty spot opened at 10859.75 and made a high of 10931.70 ,  then made a low of 10756.45  before closing at 10780.55

Had mentioned that long trade will get triggered for the day on sustaining above 10875 and short trade will get triggered for the day on sustaining below 10825. Nifty initially triggered our long trade for the day and did 50 points . It then reversed and triggered our short trade and did 60 points .

For this week Nifty needs to break and sustain / close above 10850 to test 10920 - 10940 initially and above it we can see a test of 11000 - 11065 . Similarly Nifty needs to break and sustain / close below 10715 to test 10645 - 10625 initially and below it we can see a test of 10565 - 10495.

Nifty now has strong support near 10740 - 10715 and it needs to hold these to expect a pullback and failing to do so we can expect a further correction. 

Also as mentioned " For the month of January , longs in Nifty will get confirmed with a consecutive close above 10960 for a initial target of 11145 - 11195 and sustaining / closing above it we can see a further test of 11355 - 11530 . Similarly , shorts will get confirmed with a consecutive close below  10600 for a initial target of 10415 - 10370 and sustaining / closing below it we can see a further move till 10205 - 10030 . " , and Nifty failed to sustain  above 10960 and corrected now by 200 points . 

Now in the coming session Nifty needs to break and sustain above 10805 to test 10835 - 10840 initially and sustaining above it we can see a further upmove till 10865 - 10890. Similarly breaking and sustaining below 10755 we can see a test of 10730 - 10720 initially and breaking and sustaining below it we can see a further correction till 10700 - 10675. 


Nifty Spot Levels for the day are

Long above 10805 for 10820 - 10840 - 10890 , SL 10785

Short below 10755 for 10740 - 10720 - 10675 , SL 10775

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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.

Saturday, 26 January 2019

Weekly Spot Outlook Of Bank Nifty for 28th Jan to 01st Feb

BANK NIFTY

This week Bank Nifty spot went up by 166 points , then went down by 412 points  before finally ending the week with a loss of 341 points compared to last weekly closing.

As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 27610 to confirm uptrend and Bank Nifty spot needed to sustain and close below 27300 to confirm downtrend for the week. Bank Nifty made a high of 27622.20 and made a low of 27045.20 for the week. 


Had mentioned in previous weekly post that Bank Nifty needs to sustain above 27610 to test 27775 - 27815 initially and above it further till 27955 - 28105 and Nifty needs to sustain below 27300 to test 27140 - 27100 initially and below it further till 26960 - 26805 , and we saw Bank Nifty was unable to sustain above 27610 on Monday and reversed to trigger our short trade and made a low of 27045.20 on Friday on the back of heavy selling in a few index stocks especially Zee & Maruti that pulled Nifty down and which took Bank Nifty down too . 


Now in the coming week Bank Nifty needs to break and sustain / close above 27230 for a test of 27355 - 27385 initially and closing above it we can see a further move till 27490 - 27605. Similarly on sustaining / closing below 27000 we can see a test of 26875 - 26845 initially and closing below it we can see a test of 26740 - 26625 . Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 27230 and enter with a stoploss of 27150 for a initial target of 27355 - 27385 and look to hold further on getting a close above the initial target zone . Those who are looking to enter fresh shorts should wait for Bank Nifty to sustain / close below 27000 and enter with a stoploss of 27080 for a initial target of 26875 - 26845 and look to hold further on getting a close below the initial target zone . 


As mentioned " For the month of January , longs will be confirmed in Bank Nifty with a consecutive close above 27290 for a initial target of 27725 - 27835 and sustaining / closing above it we can see a further move till 28210 - 28620 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 26465 for a initial target of 26035 - 25925 and sustaining / closing below it we can see a further move till 25550 - 25135. " , and Bank Nifty triggered our monthly long trade and made a high of 27754.25 completing our initial target of 27725 - 27835 . 

Had mentioned in the previous weekly post "Bank Nifty has its immediate resistance zone now of 27725 - 27835 and it needs to give a strong  close above it to go further towards 28210 - 28620 else we can see selling pressure begin again." , and Bank Nifty took resistance well before 27725 and reversed .

Bank Nifty now has strong support at 27045 - 27000 and it needs to hold above these for a pullback to come and failing to do so we can see a further correction towards the levels mentioned above for the week.


Bank Nifty Spot Levels for the week are

Long above 27190 , Tgt 27230 - 27270 - 27305

IF Bank Nifty spot manages to get a close / sustain above 27355 then 

long again for 27385 - 27490 - 27605

Short below 27045 , Tgt 27000 - 26965 - 26925

IF Bank Nifty spot manages to get a close / sustain below 26875 then 

short again for 26845 - 26740 - 26625



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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