Friday, 31 May 2019

Bank Nifty Spot Outlook for 31st May

BANK NIFTY


In the previous session Bank Nifty spot opened at 31256.85, made a low of 31236.10, it made a high of 31619.25 ,  before closing at 31537.10

Had mentioned that long trade will get triggered for the day on sustaining above 31510 and short trade will get triggered for the day on sustaining below 31085. Bank Nifty triggered our long trade and did 100 points nearly completing just 1 target . 




For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 31750 and then enter for a initial target of 32320 - 32465 and look to hold further only on sustaining or getting a close above 32465 for the next targets of 32955 - 33495. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30675 and then enter for a initial target of 30105 - 29960 and look to hold further only on sustaining or getting a close below 29960 for the next targets of 29470 - 28930.








Had mentioned in the previous week " Bank Nifty has its immediate support zone near 28885 - 28555 and it needs to hold these levels for a bounce in the coming sessions." , and Bank Nifty made a low of 28525.45 and held its support on closing and bounced back strongly . 

Bank Nifty had closed above its immediate resistance of 30220 - 30505 on Wednesday and completed its next targets of 31280 - 31480 . 


For the month of May , longs will be confirmed in Bank Nifty with a consecutive close above 30505 for a initial target of 31285 - 31480 and sustaining / closing above it we can see a further move till 32155 - 32890 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 29025 for a initial target of 28245 - 28050 and sustaining / closing below it we can see a further move till 27380 - 26640. 


Now Bank Nifty has its immediate support in the zone of 30960 - 31120 and holding the same on any correction this week we can expect a good bounce . Also sustaining above 31480 in the coming sessions we can see a move towards 32155 - 32890 zone . Bank Nifty has been slightly outperforming the Nifty and it may continue as long as the supports hold.

Bank Nifty has strong resistance near 32440 zone for this upmove and it needs to give a consecutive close above it for a further move towards 32735 - 33050 else we might see selling pressure return from near 32440 . 


Now in the coming session Bank Nifty needs to break and sustain above 31745 to test 31965 - 32020 initially and sustaining above it we can see a further upmove till 32210 - 32420. Similarly breaking and sustaining below 31330 we can see a test of 31110 - 31055 initially and sustaining below it we can see a further correction till 30865 - 30655



Bank Nifty Spot Levels for the day are

Long above 31745 for 31875 - 32020 - 32420 , SL 31600

Short below 31330 for 31200 - 31055 - 30655 , SL 31475


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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 31st May

NIFTY


In the previous session Nifty spot opened at 11865.30, made a low of 11859.40 , it made a high of 11968.55,  before closing at 11945.90

Had mentioned that long trade will get triggered for the day on sustaining above 11925 and short trade will get triggered for the day on sustaining below 11800. 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 12010 and then enter for a initial target of 12180 - 12220 and look to hold further only on sustaining or getting a close above 12220 for the next targets of 12370 - 12530. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11680 and then enter for a initial target of 11510 - 11470 and look to hold further only on sustaining or getting a close below 11470 for the next targets of 11320 - 11160. 



As mentioned in the previous posts " Nifty now has its immediate resistance now at 11870 - 11945 and it needs to break and give a strong close above this zone for a upmove above the psychological 12000 mark and towards 12400 - 12800." , we saw Nifty cross 12000 levels intraday on election results day but it is yet to give a consecutive close above the resistance zone. 

For the month of May , longs will get confirmed in Nifty with a consecutive close above 11945 for a initial target of 12155 - 12210 and sustaining / closing above it we can see a further move till 12390 - 12585 .  Similarly shorts will get confirmed with a consecutive close below 11550 for  a initial target of 11340 - 11290 and sustaining / closing below it we can see a further move till 11110 - 10910 .

Nifty had confirmed our monthly shorts earlier below 11550 and tested our next target zone of 11110 - 10910 with a low of 11108.30 . Had already mentioned then that shorts should be booked as the markers had fallen for 9 consecutive sessions and a bounce was due . Nifty bounced back sharply by nearly 950 points . 

Nifty has in the previous session once again crossed our resistance zone of 11870  - 11945 and has now closed near the outer end of the resistance zone and we can see it give a strong close above it soon as long as Nifty holds 11700 on closing basis on any dips this week.  

Nifty has strong resistance near 12200 zone for this upmove and it needs to give a consecutive close above it for a further move towards 12400 - 12500 else we might see selling pressure return from near 12200. 


Now in the coming session Nifty needs to break and sustain above 12010 to test 12070 - 12090 initially and sustaining above it we can see a further upmove till 12145 - 12205. Similarly breaking and sustaining below 11885 we can see a test of 11820 - 11805 initially and breaking and sustaining below it we can see a further correction till 11750 - 11690.


Nifty Spot Levels for the day are

Long above 12010 for 12045 - 12090 - 12205 , SL 11965

Short below 11885 for 11845 - 11805 - 11690 , SL 11930


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, 29 May 2019

Bank Nifty Spot Outlook for 30th May

BANK NIFTY


In the previous session Bank Nifty spot opened at 31459.25, made a high of 31546.75, it made a low of 31257.90 ,  before closing at 31295.55

Had mentioned that long trade will get triggered for the day on sustaining above 31800 and short trade will get triggered for the day on sustaining below 31400. Bank Nifty triggered our short trade and completed just 1 target . 




For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 31750 and then enter for a initial target of 32320 - 32465 and look to hold further only on sustaining or getting a close above 32465 for the next targets of 32955 - 33495. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30675 and then enter for a initial target of 30105 - 29960 and look to hold further only on sustaining or getting a close below 29960 for the next targets of 29470 - 28930.








Had mentioned in the previous week " Bank Nifty has its immediate support zone near 28885 - 28555 and it needs to hold these levels for a bounce in the coming sessions." , and Bank Nifty made a low of 28525.45 and held its support on closing and bounced back strongly . 

Bank Nifty had closed above its immediate resistance of 30220 - 30505 on Wednesday and completed its next targets of 31280 - 31480 . 


For the month of May , longs will be confirmed in Bank Nifty with a consecutive close above 30505 for a initial target of 31285 - 31480 and sustaining / closing above it we can see a further move till 32155 - 32890 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 29025 for a initial target of 28245 - 28050 and sustaining / closing below it we can see a further move till 27380 - 26640. 


Now Bank Nifty has its immediate support in the zone of 30960 - 31120 and holding the same on any correction this week we can expect a good bounce . Also sustaining above 31480 in the coming sessions we can see a move towards 32155 - 32890 zone . Bank Nifty has been slightly outperforming the Nifty and it may continue as long as the supports hold.

Bank Nifty has strong resistance near 32440 zone for this upmove and it needs to give a consecutive close above it for a further move towards 32735 - 33050 else we might see selling pressure return from near 32440 . 


Now in the coming session Bank Nifty needs to break and sustain above 31510 to test 31730 - 31790 initially and sustaining above it we can see a further upmove till 31980 - 32190. Similarly breaking and sustaining below 31085 we can see a test of 30860 - 30805 initially and sustaining below it we can see a further correction till 30610 - 30400



Bank Nifty Spot Levels for the day are

Long above 31510 for 31640 - 31790 - 32190 , SL 31360

Short below 31085 for 30955 - 30805 - 30400 , SL 31230


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 30th May

NIFTY


In the previous session Nifty spot opened at 11905.80, made a high of 11931.90 , it made a low of 11836.80,  before closing at 11861.10

Had mentioned that long trade will get triggered for the day on sustaining above 11990 and short trade will get triggered for the day on sustaining below 11870. Nifty triggered our short  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 12010 and then enter for a initial target of 12180 - 12220 and look to hold further only on sustaining or getting a close above 12220 for the next targets of 12370 - 12530. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11680 and then enter for a initial target of 11510 - 11470 and look to hold further only on sustaining or getting a close below 11470 for the next targets of 11320 - 11160. 



As mentioned in the previous posts " Nifty now has its immediate resistance now at 11870 - 11945 and it needs to break and give a strong close above this zone for a upmove above the psychological 12000 mark and towards 12400 - 12800." , we saw Nifty cross 12000 levels intraday on election results day but it is yet to give a consecutive close above the resistance zone. 

For the month of May , longs will get confirmed in Nifty with a consecutive close above 11945 for a initial target of 12155 - 12210 and sustaining / closing above it we can see a further move till 12390 - 12585 .  Similarly shorts will get confirmed with a consecutive close below 11550 for  a initial target of 11340 - 11290 and sustaining / closing below it we can see a further move till 11110 - 10910 .

Nifty had confirmed our monthly shorts earlier below 11550 and tested our next target zone of 11110 - 10910 with a low of 11108.30 . Had already mentioned then that shorts should be booked as the markers had fallen for 9 consecutive sessions and a bounce was due . Nifty bounced back sharply by nearly 950 points . 

Nifty has in the previous session once again crossed our resistance zone of 11870  - 11945 and has now closed near the outer end of the resistance zone and we can see it give a strong close above it soon as long as Nifty holds 11700 on closing basis on any dips this week.  

Nifty has strong resistance near 12200 zone for this upmove and it needs to give a consecutive close above it for a further move towards 12400 - 12500 else we might see selling pressure return from near 12200. 


Now in the coming session Nifty needs to break and sustain above 11925 to test 11990 - 12005 initially and sustaining above it we can see a further upmove till 12060 - 12125. Similarly breaking and sustaining below 11800 we can see a test of 11735 - 11720 initially and breaking and sustaining below it we can see a further correction till 11660 - 11600.


Nifty Spot Levels for the day are

Long above 11925 for 11960 - 12005 - 12125 , SL 11880

Short below 11800 for 11760 - 11720 - 11600 , SL 11845


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, 28 May 2019

Bank Nifty Spot Outlook for 29th May

BANK NIFTY


In the previous session Bank Nifty spot opened at 31234.90, made a low of 31142.50, it made a high of 31700.75 ,  before closing at 31647.65

Had mentioned that long trade will get triggered for the day on sustaining above 31855 and short trade will get triggered for the day on sustaining below 31440. Bank Nifty triggered our short trade with a gap down and completed 2 targets 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 31750 and then enter for a initial target of 32320 - 32465 and look to hold further only on sustaining or getting a close above 32465 for the next targets of 32955 - 33495. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30675 and then enter for a initial target of 30105 - 29960 and look to hold further only on sustaining or getting a close below 29960 for the next targets of 29470 - 28930.








Had mentioned in the previous week " Bank Nifty has its immediate support zone near 28885 - 28555 and it needs to hold these levels for a bounce in the coming sessions." , and Bank Nifty made a low of 28525.45 and held its support on closing and bounced back strongly . 

Bank Nifty had closed above its immediate resistance of 30220 - 30505 on Wednesday and completed its next targets of 31280 - 31480 . 


For the month of May , longs will be confirmed in Bank Nifty with a consecutive close above 30505 for a initial target of 31285 - 31480 and sustaining / closing above it we can see a further move till 32155 - 32890 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 29025 for a initial target of 28245 - 28050 and sustaining / closing below it we can see a further move till 27380 - 26640. 


Now Bank Nifty has its immediate support in the zone of 30960 - 31120 and holding the same on any correction this week we can expect a good bounce . Also sustaining above 31480 in the coming sessions we can see a move towards 32155 - 32890 zone . Bank Nifty has been slightly outperforming the Nifty and it may continue as long as the supports hold.

Bank Nifty has strong resistance near 32440 zone for this upmove and it needs to give a consecutive close above it for a further move towards 32735 - 33050 else we might see selling pressure return from near 32440 . 


Now in the coming session Bank Nifty needs to break and sustain above 31800 to test 32010 - 32060 initially and sustaining above it we can see a further upmove till 32240 - 32440. Similarly breaking and sustaining below 31400 we can see a test of 31190 - 31135 initially and sustaining below it we can see a further correction till 30955 - 30755



Bank Nifty Spot Levels for the day are

Long above 31800 for 31920 - 32060 - 32440 , SL 31660

Short below 31400 for 31275 - 31135 - 30755 , SL 31535


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 May

NIFTY


In the previous session Nifty spot opened at 11958.35, made a high of 11958.55 , it made a low of 11864.90,  before closing at 11928.75

Had mentioned that long trade will get triggered for the day on sustaining above 11985 and short trade will get triggered for the day on sustaining below 11865. Nifty traded between our long and short trigger levels indicating indecisiveness for the day. 




For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 12010 and then enter for a initial target of 12180 - 12220 and look to hold further only on sustaining or getting a close above 12220 for the next targets of 12370 - 12530. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11680 and then enter for a initial target of 11510 - 11470 and look to hold further only on sustaining or getting a close below 11470 for the next targets of 11320 - 11160. 



As mentioned in the previous posts " Nifty now has its immediate resistance now at 11870 - 11945 and it needs to break and give a strong close above this zone for a upmove above the psychological 12000 mark and towards 12400 - 12800." , we saw Nifty cross 12000 levels intraday on election results day but it is yet to give a consecutive close above the resistance zone. 

For the month of May , longs will get confirmed in Nifty with a consecutive close above 11945 for a initial target of 12155 - 12210 and sustaining / closing above it we can see a further move till 12390 - 12585 .  Similarly shorts will get confirmed with a consecutive close below 11550 for  a initial target of 11340 - 11290 and sustaining / closing below it we can see a further move till 11110 - 10910 .

Nifty had confirmed our monthly shorts earlier below 11550 and tested our next target zone of 11110 - 10910 with a low of 11108.30 . Had already mentioned then that shorts should be booked as the markers had fallen for 9 consecutive sessions and a bounce was due . Nifty bounced back sharply by nearly 950 points . 

Nifty has in the previous session once again crossed our resistance zone of 11870  - 11945 and has now closed near the outer end of the resistance zone and we can see it give a strong close above it soon as long as Nifty holds 11700 on closing basis on any dips this week.  

Nifty has strong resistance near 12200 zone for this upmove and it needs to give a consecutive close above it for a further move towards 12400 - 12500 else we might see selling pressure return from near 12200. 


Now in the coming session Nifty needs to break and sustain above 11990 to test 12050 - 12065 initially and sustaining above it we can see a further upmove till 12120 - 12180. Similarly breaking and sustaining below 11870 we can see a test of 11805 - 11790 initially and breaking and sustaining below it we can see a further correction till 11735 - 11680.


Nifty Spot Levels for the day are

Long above 11990 for 12025 - 12065 - 12180 , SL 11945

Short below 11870 for 11835 - 11790 - 11680 , SL 11910


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.

Monday, 27 May 2019

Bank Nifty Spot Outlook for 28th May

BANK NIFTY


In the previous session Bank Nifty spot opened at 31234.90, made a low of 31142.50, it made a high of 31700.75 ,  before closing at 31647.65



For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 31750 and then enter for a initial target of 32320 - 32465 and look to hold further only on sustaining or getting a close above 32465 for the next targets of 32955 - 33495. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30675 and then enter for a initial target of 30105 - 29960 and look to hold further only on sustaining or getting a close below 29960 for the next targets of 29470 - 28930.








Had mentioned in the previous week " Bank Nifty has its immediate support zone near 28885 - 28555 and it needs to hold these levels for a bounce in the coming sessions." , and Bank Nifty made a low of 28525.45 and held its support on closing and bounced back strongly . 

Bank Nifty had closed above its immediate resistance of 30220 - 30505 on Wednesday and completed its next targets of 31280 - 31480 . 


For the month of May , longs will be confirmed in Bank Nifty with a consecutive close above 30505 for a initial target of 31285 - 31480 and sustaining / closing above it we can see a further move till 32155 - 32890 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 29025 for a initial target of 28245 - 28050 and sustaining / closing below it we can see a further move till 27380 - 26640. 


Now Bank Nifty has its immediate support in the zone of 30960 - 31120 and holding the same on any correction this week we can expect a good bounce . Also sustaining above 31480 in the coming sessions we can see a move towards 32155 - 32890 zone . Bank Nifty has been slightly outperforming the Nifty and it may continue as long as the supports hold.

Bank Nifty has strong resistance near 32440 zone for this upmove and it needs to give a consecutive close above it for a further move towards 32735 - 33050 else we might see selling pressure return from near 32440 . 


Now in the coming session Bank Nifty needs to break and sustain above 31855 to test 32075 - 32130 initially and sustaining above it we can see a further upmove till 32315 - 32520. Similarly breaking and sustaining below 31440 we can see a test of 31220 - 31170 initially and sustaining below it we can see a further correction till 30980 - 30775



Bank Nifty Spot Levels for the day are

Long above 31855 for 31980 - 32130 - 32520 , SL 31710

Short below 31440 for 31315 - 31170 - 30775 , SL 31585


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.