Monday, 29 April 2019

Bank Nifty Spot Outlook for 30th Apr

BANK NIFTY


In the previous session Bank Nifty spot opened at 29764.85 , made a low of 29563.15 , it made a high of 30048.20 ,  before closing at 30013.50

Had mentioned that long trade for the day will get triggered on sustaining above 29680 and short trade for the day will get triggered on sustaining below 29440 .Bank Nifty triggered our long trade and did 350+ points 


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30365 and then enter for a initial target of 30740 - 30835 and look to hold further only on sustaining or getting a close above 30835 for the next targets of 31155 - 31505. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29660 and then enter for a initial target of 29290 - 29195 and look to hold further only on sustaining or getting a close below 29195 for the next targets of 28875 - 28520.


Also as mentioned earlier " Bank Nifty now has immediate support at 29850 - 29780 and it needs to hold these levels in the coming sessions for a bounce else sustaining below it we can see a further downmove towards  29525 - 29425 ." , and Bank Nifty made a low of 29435.05 nearly completing our expected downmove and bounced back .

On the upside Bank Nifty has immediate resistance near 31000 - 31075 and it needs to give a strong close above it for a further upmove towards 31500+ levels . 

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 had triggered our monthly shorts earlier but Nifty did not give a sell signal and we saw Bank Nifty bounce back last week before correcting again today.
Now in the coming session Bank Nifty needs to break and sustain above 30145 to test 30290 - 30325 initially and sustaining above it we can see a further upmove till 30445 - 30580. Similarly breaking and sustaining below 29880 we can see a test of 29740 - 29705 initially and sustaining below it we can see a further correction till 29585 - 29450.



Bank Nifty Spot Levels for the day are

Long above 30145 for 30230 - 30325 - 30580 , SL 30055

Short below 29880 for 29800 - 29705 - 29450 , SL 29975

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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 Apr

NIFTY


In the previous session Nifty spot opened at 11683.75, made a low of 11661.75 , it made a high of 11762.90,  before closing at 11754.65

Had mentioned that long trade will get triggered for the day on sustaining above 11675 and short trade will get triggered for the day on sustaining below 11605. Nifty triggered our long trade and nearly completed all our targets giving 75+ points.


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11850 and then enter for a initial target of 11950 - 11980 and look to hold further only on sustaining or getting a close above 11980 for the next targets of 12065 - 12160. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11660 and then enter for a initial target of 11560 - 11530 and look to hold further only on sustaining or getting a close below 11530 for the next targets of 11445 - 11350. 



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 and a strong close above it is required for further upmove towards 12000 levels. 



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 11790 to test 11830 - 11840 initially and sustaining above it we can see a further upmove till 11870 - 11910. Similarly breaking and sustaining below 11715 we can see a test of 11680 - 11670 initially and breaking and sustaining below it we can see a further correction till 11640 - 11600


Nifty Spot Levels for the day are

Long above 11790 for 11815 - 11840 - 11910 , SL 11765

Short below 11715 for 11695 - 11670 - 11600 , SL 11745

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.

Weekly Spot Outlook Of Bank Nifty For 30th Apr to 03rd May

BANK NIFTY

This week Bank Nifty spot went up by 66 points , then went down by 788 points before finally ending the week with a loss of 210 points compared to last weekly closing.

As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 30480 to confirm uptrend and Bank Nifty spot needed to sustain and close below 29965 to confirm downtrend for the week. Bank Nifty made a high of 30289.50 and made a low of 29435.05 for the week. 


Had mentioned in previous weekly post that Bank Nifty needs to sustain above 30480 to test 30750 - 30820 initially and above it further till 31050 - 31310 and Bank Nifty needs to sustain below 29965 to test 29695 - 29625 initially and below it further till 29395 - 29140 , and Bank Nifty triggered our short trade and did 525+ points.


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30365 and then enter for a initial target of 30740 - 30835 and look to hold further only on sustaining or getting a close above 30835 for the next targets of 31155 - 31505. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29660 and then enter for a initial target of 29290 - 29195 and look to hold further only on sustaining or getting a close below 29195 for the next targets of 28875 - 28520.


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 had so far held its immediate support at 29850 - 29780 on closing basis this month  and last week we saw it breaking below this support zone on closing and saw it test our expected next support at 29520 - 29465 with a low of 29435.05 and bounce back.

On the upside Bank Nifty has immediate resistance near 31000 - 31075 and a strong close above it is required for a further upmove this month . 


Bank Nifty Spot Levels for the week are

Long above 30235 , Tgt 30365 - 30475 - 30585

IF Bank Nifty spot manages to get a close / sustain above 30740 then 

long again for 30835 - 31155 - 31505

Short below 29795 , Tgt 29660 - 29550 - 29445

IF Bank Nifty spot manages to get a close / sustain below 29290 then 

short again for 29195 - 28875 - 28520



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.

Weekly Spot Outlook Of Nifty For 30th Apr to 03rd May

NIFTY

This week Nifty went down by 188 points , and then went up by 44 points before finally ending the week with a gain of just 2 points compared to last weekly closing. 

As per levels given for the previous week Nifty Spot needed to sustain and close above 11815 to confirm uptrend and Nifty spot needed to sustain and close below 11690 to confirm downtrend for the week. Nifty made a high of 11796.75 and made a low of 11564.80

Had mentioned in previous weekly post that Nifty needs to sustain above 11815 to test 11880 - 11895 initially and closing above it can go further till 11955 - 12015 and Nifty needs to sustain below 11690 to test 11625 - 11610 initially and closing below it can go further till 11555 - 11490, and we saw Nifty confirm our short trade and do 120 points nearly completing all our short targets for the week.

For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11850 and then enter for a initial target of 11950 - 11980 and look to hold further only on sustaining or getting a close above 11980 for the next targets of 12065 - 12160. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11660 and then enter for a initial target of 11560 - 11530 and look to hold further only on sustaining or getting a close below 11530 for the next targets of 11445 - 11350. 


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 . 

Have been mentioning that Nifty now has strong support at 11520 - 11460 and it needs to hold these levels on a correction and last week we saw it come till 11564.80 and bounce .   

On the upside Nifty has immediate resistance near 11790 - 11810 and a strong close above it is required for further upmove towards 12000 levels. 


Nifty Spot Levels for the week are

Long above 11815 , Tgt  11850 - 11880 - 11910

IF Nifty spot manages to get a close / sustain above 11950 then ,

long again for 11980 - 12065 - 12160

Short below 11695 , Tgt 11660 - 11630 - 11600

IF Nifty spot manages to get a close / sustain below 11560 then, 

short again for 11530 - 11445 - 11350


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, 25 April 2019

Bank Nifty Spot Outlook for 26th Apr

BANK NIFTY


In the previous session Bank Nifty spot opened at 29927.05 , made a high of 30057.70 , it made a low of 29511.95 ,  before closing at 29561.35

Had mentioned that long trade for the day will get triggered on sustaining above 29980 and short trade for the day will get triggered on sustaining below 29740 .Bank Nifty initially triggered our long trade and did 70+ points and took our TSL. It then triggered our short trade and did 220+ points.

For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30480 and then enter for a initial target of 30750 - 30820 and look to hold further only on sustaining or getting a close above 30820 for the next targets of 31050 - 31310. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29965 and then enter for a initial target of 29695 - 29625 and look to hold further only on sustaining or getting a close below 29625 for the next targets of 29395 - 29140.

Bank Nifty had triggered our weekly short trade and completed our initial targets and had gone close to our next targets of 29395 - 29140 with a low of 29435.05. It bounced back to test 30000 levels and again faced resistance and corrected by nearly 500 points intraday.



Also as mentioned earlier " Bank Nifty now has immediate support at 29850 - 29780 and it needs to hold these levels in the coming sessions for a bounce else sustaining below it we can see a further downmove towards  29525 - 29425 ." , and today Bank Nifty made a low of 29435.05 nearly completing our expected downmove and bounced back .

On the upside Bank Nifty has immediate resistance near 31000 - 31075 and it needs to give a strong close above it for a further upmove towards 31500+ levels . 

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 had triggered our monthly shorts earlier but Nifty did not give a sell signal and we saw Bank Nifty bounce back last week before correcting again today.
Now in the coming session Bank Nifty needs to break and sustain above 29680 to test 29805 - 29835 initially and sustaining above it we can see a further upmove till 29945 - 30065. Similarly breaking and sustaining below 29440 we can see a test of 29320 - 29285 initially and sustaining below it we can see a further correction till 29180 - 29060.



Bank Nifty Spot Levels for the day are

Long above 29680 for 29755 - 29835 - 30065 , SL 29595

Short below 29440 for 29370 - 29285 - 29060 , SL 29525

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 26th Apr

NIFTY


In the previous session Nifty spot opened at 11735.70, made a high of 11796.75 , it made a low of 11624.30,  before closing at 11641.80

Had mentioned that long trade will get triggered for the day on sustaining above 11760 and short trade will get triggered for the day on sustaining below 11690. Nifty initially triggered our long trade and did just 30+ points and took our TSL. It then triggered our short trade and 60+points.


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11815 and then enter for a initial target of 11880 - 11895 and look to hold further only on sustaining or getting a close above 11895 for the next targets of 11955 - 12015. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11690 and then enter for a initial target of 11625 - 11610 and look to hold further only on sustaining or getting a close below 11610 for the next targets of 11555 - 11490. 

Nifty had triggered our weekly short trade and completed our initial targets and also closed below 11610. Sustaining below 11610 we saw a low of 11564.80 near our next target of 11555 - 11490. Post that Nifty gave a strong bounce and retested its resistance zone of 11790 - 11810 today as expected and again saw selling take it down by 150 points intraday .

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 and a strong close above it is required for further upmove towards 12000 levels. 



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 11675 to test 11710 - 11720 initially and sustaining above it we can see a further upmove till 11750 - 11785. Similarly breaking and sustaining below 11605 we can see a test of 11575 - 11565 initially and breaking and sustaining below it we can see a further correction till 11535 - 11500


Nifty Spot Levels for the day are

Long above 11675 for 11695 - 11720 - 11785 , SL 11650

Short below 11605 for 11585 - 11565 - 11500 , SL 11630

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, 24 April 2019

Bank Nifty Spot Outlook for 25th Apr

BANK NIFTY


In the previous session Bank Nifty spot opened at 29550.50 , made a low of 29435.05 , it made a high of 29914.85 ,  before closing at 29860.80

Had mentioned that long trade for the day will get triggered on sustaining above 29595 and short trade for the day will get triggered on sustaining below 29365 .Bank Nifty triggered our long trade and completed nearly all targets giving 300+ points. 

For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30480 and then enter for a initial target of 30750 - 30820 and look to hold further only on sustaining or getting a close above 30820 for the next targets of 31050 - 31310. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29965 and then enter for a initial target of 29695 - 29625 and look to hold further only on sustaining or getting a close below 29625 for the next targets of 29395 - 29140.

Bank Nifty had triggered our weekly short trade and completed our initial targets and had gone close to our next targets of 29395 - 29140 with a low of 29435.05, and today bounced back.



Also as mentioned earlier " Bank Nifty now has immediate support at 29850 - 29780 and it needs to hold these levels in the coming sessions for a bounce else sustaining below it we can see a further downmove towards  29525 - 29425 ." , and today Bank Nifty made a low of 29435.05 nearly completing our expected downmove and bounced back .

On the upside Bank Nifty has immediate resistance near 31000 - 31075 and it needs to give a strong close above it for a further upmove towards 31500+ levels . 

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 had triggered our monthly shorts earlier but Nifty did not give a sell signal and we saw Bank Nifty bounce back last week before correcting again today.
Now in the coming session Bank Nifty needs to break and sustain above 29980 to test 30110 - 30140 initially and sustaining above it we can see a further upmove till 30250 - 30370. Similarly breaking and sustaining below 29740 we can see a test of 29615 - 29585 initially and sustaining below it we can see a further correction till 29475 - 29355.



Bank Nifty Spot Levels for the day are

Long above 29980 for 30055 - 30140 - 30370 , SL 29895

Short below 29740 for 29665 - 29585 - 29355 , SL 29825

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 25th Apr

NIFTY


In the previous session Nifty spot opened at 11601.50, made a low of 11578.85 , it made a high of 11740.85 ,  before closing at 11726.15

Had mentioned that long trade will get triggered for the day on sustaining above 11605 and short trade will get triggered for the day on sustaining below 11545. Nifty triggered our long trade and completed all targets giving 125+ points.


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11815 and then enter for a initial target of 11880 - 11895 and look to hold further only on sustaining or getting a close above 11895 for the next targets of 11955 - 12015. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11690 and then enter for a initial target of 11625 - 11610 and look to hold further only on sustaining or getting a close below 11610 for the next targets of 11555 - 11490. 

Nifty had triggered our weekly short trade and completed our initial targets and also closed below 11610. Today sustaining below 11610 we saw a low of 11564.80 near our next target of 11555 - 11490. Post that Nifty has today given a strong bounce and can now retest its resistance zone of 11790 - 11810 .

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 and a strong close above it is required for further upmove towards 12000 levels. 



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 11760 to test 11795 - 11805 initially and sustaining above it we can see a further upmove till 11835 - 11870. Similarly breaking and sustaining below 11690 we can see a test of 11655 - 11645 initially and breaking and sustaining below it we can see a further correction till 11615 - 11585


Nifty Spot Levels for the day are

Long above 11760 for 11780 - 11805 - 11870 , SL 11735

Short below 11690 for 11670 - 11645 - 11585 , SL 11715

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.