Sunday, 31 March 2019

Bank Nifty Spot Outlook for 01st Apr

BANK NIFTY


In the previous session Bank Nifty spot opened at 30480.35, made a low of 30235.90, it then made a high of 30499.15 ,  before closing at 30426.80

Had mentioned that long trade for the day will get triggered on sustaining above 30535 and short trade for the day will get triggered on sustaining below 30305 .Bank Nifty did not trigger any trade and gave a sideways move. 


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30705 and then enter for a initial target of 31000 - 31075 and look to hold further only on sustaining or getting a close above 31075 for the next targets of 31330 - 31610. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30145 and then enter for a initial target of 29855 - 29780 and look to hold further only on sustaining or getting a close below 29780 for the next targets of 29525 - 29245.

Bank Nifty now has immediate support at 29850 - 29780 and it needs to hold these levels on a correction for the upmove to resume .

On the upside Bank Nifty has immediate resistance near 31000 - 31075 . 

For the month of April , longs will be confirmed in Bank Nifty with a consecutive close above 31005 for a initial target of 31615 - 31770 and sustaining / closing above it we can see a further move till 32295 - 32875 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 29850 for a initial target of 29240 - 29085 and sustaining / closing below it we can see a further move till 28560 - 27980.

Now in the coming session Bank Nifty needs to break and sustain above 30535 to test 30645 - 30670 initially and sustaining above it we can see a further upmove till 30770 - 30875. Similarly breaking and sustaining below 30320 we can see a test of 30210 - 30180 initially and sustaining below it we can see a further correction till 30085 - 29980 



Bank Nifty Spot Levels for the day are

Long above 30535 for 30600 - 30670 - 30875 , SL 30460

Short below 30320 for 30255 - 30180 - 29980 , SL 30395

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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 01st Apr

NIFTY


In the previous session Nifty spot opened at 11625.45 , made a low of 11570.15 , it made a high of 11630.35 before closing at 11623.90

Had mentioned that long trade will get triggered for the day on sustaining above 11600 and short trade will get triggered for the day on sustaining below 11540. Nifty triggered our long trade and did just 1 target. 


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11705 and then enter for a initial target of 11790 - 11810 and look to hold further only on sustaining or getting a close above 11810 for the next targets of 11880 - 11960. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11545 and then enter for a initial target of 11460 - 11440 and look to hold further only on sustaining or getting a close below 11440 for the next targets of 11370 - 11290. 

Nifty now has strong support at 11460 - 11440 and it needs to hold these levels on a correction this week .   

On the upside Nifty has immediate resistance near 11790 - 11810 . 

For the month of April , longs will get confirmed in Nifty with a consecutive close above 11790 for a initial target of 11960 - 12005 and sustaining / closing above it we can see a further move till 12150 - 12315 .  Similarly shorts will get confirmed with a consecutive close below 11460 for  a initial target of 11290 - 11245 and sustaining / closing below it we can see a further move till 11095 - 10935 .


Now in the coming session Nifty needs to break and sustain above 11655 to test 11685 - 11695 initially and sustaining above it we can see a further upmove till 11720 - 11750. Similarly breaking and sustaining below 11595 we can see a test of 11565 - 11555 initially and breaking and sustaining below it we can see a further correction till 11525 - 11500


Nifty Spot Levels for the day are

Long above 11655 for 11675 - 11695 - 11750 , SL 11630

Short below 11595 for 11575 - 11555 - 11500 , SL 11620

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, 30 March 2019

Weekly Spot Outlook Of Bank Nifty for 01st to 05th Apr

BANK NIFTY

This week Bank Nifty spot went down by 426 points , then went up by 917 points before finally ending the week with a gain of 844 points compared to last weekly closing.

As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 29815 to confirm uptrend and Bank Nifty spot needed to sustain and close below 29350 to confirm downtrend for the week. Bank Nifty made a high of 30499.15 and made a low of 29156.25 for the week. 


Had mentioned in previous weekly post that Bank Nifty needs to sustain above 29815 to test 30060 - 30120 initially and above it further till 30330 - 30560 and Bank Nifty needs to sustain below 29350 to test 29105 - 29045 initially and below it further till 28835 - 28605 , and Bank Nifty initially triggered our short trade and nearly completed our initial targets . Bank Nifty then reversed to confirm our long trade and nearly completed all our long targets .


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30705 and then enter for a initial target of 31000 - 31075 and look to hold further only on sustaining or getting a close above 31075 for the next targets of 31330 - 31610. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30145 and then enter for a initial target of 29855 - 29780 and look to hold further only on sustaining or getting a close below 29780 for the next targets of 29525 - 29245.


For the month of April , longs will be confirmed in Bank Nifty with a consecutive close above 31005 for a initial target of 31615 - 31770 and sustaining / closing above it we can see a further move till 32295 - 32875 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 29850 for a initial target of 29240 - 29085 and sustaining / closing below it we can see a further move till 28560 - 27980.

Bank Nifty now has immediate support at 29850 - 29780 and it needs to hold these levels on a correction for the upmove to resume .

On the upside Bank Nifty has immediate resistance near 31000 - 31075 . 

Bank Nifty Spot Levels for the week are

Long above 30600 , Tgt 30705 - 30795 - 30880

IF Bank Nifty spot manages to get a close / sustain above 31000 then 

long again for 31075 - 31330 - 31610

Short below 30255, Tgt 30145 - 30060 - 29975

IF Bank Nifty spot manages to get a close / sustain below 29855 then 

short again for 29780 - 29525 - 29245



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 01st to 05th Apr

NIFTY

This week Nifty went down by 145 points , then went up by 173 points before finally ending the week with a gain of 167 points compared to last weekly closing. 

As per levels given for the previous week Nifty Spot needed to sustain and close above 11520 to confirm uptrend and Nifty spot needed to sustain and close below 10390 to confirm downtrend for the week. Nifty made a high of 11630.35 and made a low of 11311.60

Had mentioned in previous weekly post that Nifty needs to sustain above 11520 to test 11590 - 11605 initially and closing above it can go further till 11665 - 11725 and Nifty needs to sustain below 11390 to test 11325 - 11310 initially and closing below it can go further till 11250 - 11185, and we saw Nifty initially confirm our short trade and complete our initial targets . Nifty then reversed to confirm our long trade and again completed our initial targets. 


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11705 and then enter for a initial target of 11790 - 11810 and look to hold further only on sustaining or getting a close above 11810 for the next targets of 11880 - 11960. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11545 and then enter for a initial target of 11460 - 11440 and look to hold further only on sustaining or getting a close below 11440 for the next targets of 11370 - 11290. 


For the month of April , longs will get confirmed in Nifty with a consecutive close above 11790 for a initial target of 11960 - 12005 and sustaining / closing above it we can see a further move till 12150 - 12315 .  Similarly shorts will get confirmed with a consecutive close below 11460 for  a initial target of 11290 - 11245 and sustaining / closing below it we can see a further move till 11095 - 10935 . 

Nifty now has strong support at 11460 - 11440 and it needs to hold these levels on a correction this week .   

On the upside Nifty has immediate resistance near 11790 - 11810 . 


Nifty Spot Levels for the week are

Long above 11675 , Tgt  11705 - 11725 - 11750

IF Nifty spot manages to get a close / sustain above 11790 then ,

long again for 11810 - 11880 - 11960

Short below 11575 , Tgt 11545 - 11520 - 11495

IF Nifty spot manages to get a close / sustain below 11460 then, 

short again for 11440 - 11370 - 11290


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, 28 March 2019

Bank Nifty Spot Outlook for 29th Mar

BANK NIFTY


In the previous session Bank Nifty spot opened at 30064.80, made a low of 29969.10, it then made a high of 30496.05 ,  before closing at 30420.55

Had mentioned that long trade for the day will get triggered on sustaining above 30125 and short trade for the day will get triggered on sustaining below 29910 .Bank Nifty triggered our long trade and completed all our daily targets giving 350 points . 


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29815 and then enter for a initial target of 30060 - 30120 and look to hold further only on sustaining or getting a close above 30120 for the next targets of 30330 - 30560. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29350 and then enter for a initial target of 29105 - 29045 and look to hold further only on sustaining or getting a close below 29045 for the next targets of 28835 - 28605.

As mentioned above Bank Nifty triggered our weekly long trade and nearly completed all our targets with a high of 30496.05 reaching our last target zone of 30330 - 30560 for this week .

As mentioned in the previous post " Now Bank Nifty has immediate resistance at 29920 - 30250 and moving past this range on good volumes is required for further upmove. " , and Bank Nifty today made a high of 30496.05 on breaking and sustaining above 30250. 

Bank Nifty has immediate support at 30050 - 30120 now which it needs to hold incase of correction for the upmove to resume .


Also as mentioned " For the month of March , longs will get confirmed with a consecutive close above 27165 for a initial target of 27555 - 27655 and sustaining / closing above it we can see a further test of 27995 - 28365 . Similarly , shorts will get confirmed with a consecutive close below  26415 for a initial target of 26025 - 25925 and sustaining / closing below it we can see a further move till 25585 - 25215." , and Bank Nifty completed all our targets and has gone up further by 2000+ points after lagging for the past 2 months .

Now in the coming session Bank Nifty needs to break and sustain above 30535 to test 30650 - 30680 initially and sustaining above it we can see a further upmove till 30785 - 30895. Similarly breaking and sustaining below 30305 we can see a test of 30190 - 30160 initially and sustaining below it we can see a further correction till 30055 - 29945 



Bank Nifty Spot Levels for the day are

Long above 30535 for 30605 - 30680 - 30895 , SL 30455

Short below 30305 for 30240 - 30160 - 29945 , SL 30385

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 29th Mar

NIFTY


In the previous session Nifty spot opened at 11463.65 , made a low of 11452.45 , it made a high of 11588.50 before closing at 11570.00

Had mentioned that long trade will get triggered for the day on sustaining above 11475 and short trade will get triggered for the day on sustaining below 11415. Nifty triggered our long trade and completed all daily targets. . 


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11520 and then enter for a initial target of 11590 - 11605 and look to hold further only on sustaining or getting a close above 11605 for the next targets of 11665 - 11725. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11390 and then enter for a initial target of 11325 - 11310 and look to hold further only on sustaining or getting a close below 11310 for the next targets of 11250 - 11185. 

As mentioned in the previous Nifty had triggered our weekly short trade and completed our initial targets of 11325 - 11310 with a low of 11311.60. Nifty then held 11310 and bounced back to trigger our long trade and today completed our initial long target of 11590 - 11605 with a high of 11588.50 . 

As mentioned in the previous posts " Nifty has immediate resistance at 11495 - 11585 zone now where it can take a pause in this upmove"  , and Nifty made a high of 11572.80 and reversed till 11311.60 at the start of week . Today again Nifty tried to break above 11585 intraday and has closed at 11570.  Fresh longs should be looked at only on sustaining / closing above 11585 . 

Nifty has immediate support near 11325 - 11310 and it needs to hold these incase of a correction for the upmove to resume and breaking and sustaining below it we can see a further correction towards 11250 - 11190. Nifty has so far held 11310 and bounced back quite strongly . 



Also as mentioned " For the month of March , longs in Nifty will get confirmed with a consecutive close above 10930 for a initial target of 11075 - 11115 and sustaining / closing above it we can see a further test of 11240 - 11380 . Similarly , shorts will get confirmed with a consecutive close below  10655 for a initial target of 10510 - 10470 and sustaining / closing below it we can see a further move till 10345 - 10205 . " , and Nifty had confirmed our monthly longs and has made a high of 11588.50 completing our next targets of 11240 - 11380 and also exceeded it by 180+ points . 

Now in the coming session Nifty needs to break and sustain above 11600 to test 11635 - 11640 initially and sustaining above it we can see a further upmove till 11670 - 11700. Similarly breaking and sustaining below 11540 we can see a test of 11505 - 11500 initially and breaking and sustaining below it we can see a further correction till 11470 - 11440


Nifty Spot Levels for the day are

Long above 11600 for 11620 - 11640 - 11700 , SL 11580

Short below 11540 for 11520 - 11500 - 11440 , SL 11560

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.

Bank Nifty Spot Outlook for 28th Mar

BANK NIFTY


In the previous session Bank Nifty spot opened at 30034.15, made a high of 30262.55, it then made a low of 29790.25 ,  before closing at 30019.80

Had mentioned that long trade for the day will get triggered on sustaining above 29995 and short trade for the day will get triggered on sustaining below 29765 .Bank Nifty triggered our long trade and did 250 points before taking our TSL . 


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29815 and then enter for a initial target of 30060 - 30120 and look to hold further only on sustaining or getting a close above 30120 for the next targets of 30330 - 30560. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29350 and then enter for a initial target of 29105 - 29045 and look to hold further only on sustaining or getting a close below 29045 for the next targets of 28835 - 28605.

As mentioned above Bank Nifty triggered our weekly long trade and completed our initial targets with a high of 30262.55 .

As mentioned in the previous post " Now Bank Nifty has immediate resistance at 29920 - 30250 and moving past this range on good volumes is required for further upmove. " , and Bank Nifty today made a high of 30262.55 hitting the upper end of the resistance zone and saw some selling .

Bank Nifty has immediate support at 29100 - 29030 which it needs to hold incase of correction for the upmove to resume .


Also as mentioned " For the month of March , longs will get confirmed with a consecutive close above 27165 for a initial target of 27555 - 27655 and sustaining / closing above it we can see a further test of 27995 - 28365 . Similarly , shorts will get confirmed with a consecutive close below  26415 for a initial target of 26025 - 25925 and sustaining / closing below it we can see a further move till 25585 - 25215." , and Bank Nifty completed all our targets and has gone up further by 1600+ points after lagging for the past 2 months .

Now in the coming session Bank Nifty needs to break and sustain above 30125 to test 30240 - 30270 initially and sustaining above it we can see a further upmove till 30365 - 30475. Similarly breaking and sustaining below 29910 we can see a test of 29800 - 29770 initially and sustaining below it we can see a further correction till 29675 - 29565 



Bank Nifty Spot Levels for the day are

Long above 30125 for 30195 - 30270 - 30475 , SL 30050

Short below 29910 for 29845 - 29770 - 29565 , SL 29990

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 28th Mar

NIFTY


In the previous session Nifty spot opened at 11531.45 , made a high of 11546.20 , it made a low of 11413 before closing at 11445.05

Had mentioned that long trade will get triggered for the day on sustaining above 11510 and short trade will get triggered for the day on sustaining below 11455. Nifty initially triggered our long trade and completed 2 before taking our TSL. It then reversed and triggered our short trade and again completed 2 targets on the short side . 


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11520 and then enter for a initial target of 11590 - 11605 and look to hold further only on sustaining or getting a close above 11605 for the next targets of 11665 - 11725. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11390 and then enter for a initial target of 11325 - 11310 and look to hold further only on sustaining or getting a close below 11310 for the next targets of 11250 - 11185. 

As mentioned in the previous Nifty had triggered our weekly short trade and completed our initial targets of 11325 - 11310 with a low of 11311.60. Now it needed to hold the low of 11311.60 else sustaining below it we can see a move towards the next targets. Nifty held the low and bounced back till 11546.20 today from where we saw some selling again.


As mentioned in the previous posts " Nifty has immediate resistance at 11495 - 11585 zone now where it can take a pause in this upmove"  , and Nifty made a high of 11572.80 and reversed till 11311.60 at the start of week . Today again Nifty saw some selling once it neared the upper end of the resistance zone of 11495 - 11585 . Fresh longs for this week should be looked at only on breaking beyong this zone.

Nifty has immediate support near 11325 - 11310 and it needs to hold these incase of a correction for the upmove to resume and breaking and sustaining below it we can see a further correction towards 11250 - 11190. Nifty has so far held 11310 and bounced and those who are looking to attempt longs this week on a correction again should keep 11310 as cbsl. 

Nifty has small resistance at 11520 now and it needs to sustain or close above it to make a move towards 11585 again .


Also as mentioned " For the month of March , longs in Nifty will get confirmed with a consecutive close above 10930 for a initial target of 11075 - 11115 and sustaining / closing above it we can see a further test of 11240 - 11380 . Similarly , shorts will get confirmed with a consecutive close below  10655 for a initial target of 10510 - 10470 and sustaining / closing below it we can see a further move till 10345 - 10205 . " , and Nifty had confirmed our monthly longs and has made a high of 11572.80 completing our next targets of 11240 - 11380 and also exceeded it by 180+ points . 

Now in the coming session Nifty needs to break and sustain above 11475 to test 11500 - 11510 initially and sustaining above it we can see a further upmove till 11535 - 11560. Similarly breaking and sustaining below 11415 we can see a test of 11390 - 11385 initially and breaking and sustaining below it we can see a further correction till 11360 - 11330


Nifty Spot Levels for the day are

Long above 11475 for 11490 - 11510 - 11560 , SL 11450

Short below 11415 for 11400 - 11385 - 11330 , SL 11440

Nifty expected expiry range :

Upper End - 11547

Lower End - 11343

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.