Sunday, 30 June 2019

Bank Nifty Spot Outlook for 01st Jul

BANK NIFTY


In the previous session Bank Nifty spot opened at 31281.00, made a high of 31308.90, it made a low of 31060.60,  before closing at 31105.20

Had mentioned that long trade will get triggered for the day on sustaining above 31355 and short trade will get triggered for the day on sustaining below 31180. Bank Nifty  triggered our short trade and completed 2 targets  .



For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 31300 and then enter for a initial target of 31505 - 31560 and look to hold further only on sustaining or getting a close above 31560 for the next targets of 31735 - 31930. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30910 and then enter for a initial target of 30705 - 30655 and look to hold further only on sustaining or getting a close below 30655 for the next targets of 30475 - 30280.

For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 31300 and then enter for a initial target of 31505 - 31560 and look to hold further only on sustaining or getting a close above 31560 for the next targets of 31735 - 31930. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30910 and then enter for a initial target of 30705 - 30655 and look to hold further only on sustaining or getting a close below 30655 for the next targets of 30475 - 30280.


For the month of July , longs will be confirmed in Bank Nifty with a consecutive close above 31510 for a initial target of 31935 - 32040 and sustaining / closing above it we can see a further move till 32410 - 32810 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 30700 for a initial target of 30275 - 30170 and sustaining / closing below it we can see a further move till 29800 - 29400.


Now on the downside Bank Nifty has immediate strong support near 30790 - 30700 which it needs to hold on closing basis in a correction for a bounce . 



Now in the coming session Bank Nifty needs to break and sustain above 31180 to test 31255 - 31275 initially and sustaining above it we can see a further upmove till 31345 - 31415. Similarly breaking and sustaining below 31030 we can see a test of 30955 - 30935 initially and sustaining below it we can see a further correction till 30865 - 30795



Bank Nifty Spot Levels for the day are

Long above 31180 for 31225 - 31275 - 31415 , SL 31125

Short below 31030 for 30985 - 30935 - 30795 , SL 31085


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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 Jul

NIFTY


In the previous session Nifty spot opened at 11861.15  made a high of 11871.70 , made a low of 11775.50,  before closing at 11788.85


Had mentioned that long trade will get triggered for the day on sustaining above 11875 and short trade will get triggered for the day on sustaining below 11810. Nifty triggered our short trade and nearly completed 2 targets.  

For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11860 and then enter for a initial target of 11935 - 11955 and look to hold further only on sustaining or getting a close above 11955 for the next targets of 12020 - 12090. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11715 and then enter for a initial target of 11640 - 11620 and look to hold further only on sustaining or getting a close below 11620 for the next targets of 11555 - 11485.






For the month of July , longs will get confirmed in Nifty with a consecutive close above 11940 for a initial target of 12095 - 12135 and sustaining / closing above it we can see a further move till 12270 - 12420 .  Similarly shorts will get confirmed with a consecutive close below 11640 for  a initial target of 11480 - 11440 and sustaining / closing below it we can see a further move till 11305 - 11155 .



Now on the downside Nifty has immediate support near 11670 - 11640 and it needs to hold this levels on closing basis in the month of July on a correction for a bounce .





Now in the coming session Nifty needs to break and sustain above 11815 to test 11845 - 11855 initially and sustaining above it we can see a further upmove till 11875 - 11905. Similarly breaking and sustaining below 11760 we can see a test of 11735 - 11725 initially and breaking and sustaining below it we can see a further correction till 11700 - 11675


Nifty Spot Levels for the day are

Long above 11815 for 11835 - 11855 - 11905 , SL 11795

Short below 11760 for 11745 - 11725 - 11675 , SL 11780


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, 29 June 2019

Weekly Spot Outlook Of Bank Nifty For 01st to 05th Jul

BANK NIFTY

This week Bank Nifty spot went down by 177 points , it then went up by 862 points before finally ending the week with a gain of 477 points compared to last weekly closing.

As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 30885 to confirm uptrend and Bank Nifty spot needed to sustain and close below 30375 to confirm downtrend for the week. Bank Nifty made a high of 31490.60 and made a low of 30451.40 for the week. 


Had mentioned in previous weekly post that Bank Nifty needs to sustain above 30885 to test 31155 - 31225 initially and above it further till 31455 - 31710 and Bank Nifty needs to sustain below 30375 to test 30105 - 30035 initially and below it further till 29805 - 29550 , and Bank Nifty triggered our long trade and did 700 points . 


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 31300 and then enter for a initial target of 31505 - 31560 and look to hold further only on sustaining or getting a close above 31560 for the next targets of 31735 - 31930. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30910 and then enter for a initial target of 30705 - 30655 and look to hold further only on sustaining or getting a close below 30655 for the next targets of 30475 - 30280.


For the month of July , longs will be confirmed in Bank Nifty with a consecutive close above 31510 for a initial target of 31935 - 32040 and sustaining / closing above it we can see a further move till 32410 - 32810 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 30700 for a initial target of 30275 - 30170 and sustaining / closing below it we can see a further move till 29800 - 29400.




Now on the downside Bank Nifty has immediate strong support near 30790 - 30700 which it needs to hold on closing basis in a correction for a bounce . 


Bank Nifty Spot Levels for the week are

Long above 31255 , Tgt 31300 - 31360 - 31420

IF Bank Nifty spot manages to get a close / sustain above 31505 then 

long again for 31560 - 31735 - 31930

Short below 30985 , Tgt 30910 - 30850 - 30790

IF Bank Nifty spot manages to get a close / sustain below 30705 then 

short again for 30655 - 30475 - 30280



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 Jul



NIFTY

This week Nifty went down by 73 points , it then went up by 187 points , before finally ending the week with a gain of 65 points compared to last weekly closing. 

As per levels given for the previous week Nifty Spot needed to sustain and close above 11810 to confirm uptrend and Nifty spot needed to sustain and close below 11640 to confirm downtrend for the week. Nifty made a high of 11911.15 and made a low of 11651.10

Had mentioned in previous weekly post that Nifty needs to sustain above 11810 to test 11900 - 11920 initially and closing above it can go further till 12000 - 12080 and Nifty needs to sustain below 11640 to test 11550 - 11525 initially and closing below it can go further till 11450 - 11370, and we saw Nifty triggering our weekly long trade and make a high of 11911.15 completing our initial targets and giving 100 points . 

For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11860 and then enter for a initial target of 11935 - 11955 and look to hold further only on sustaining or getting a close above 11955 for the next targets of 12020 - 12090. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11715 and then enter for a initial target of 11640 - 11620 and look to hold further only on sustaining or getting a close below 11620 for the next targets of 11555 - 11485. 


For the month of July , longs will get confirmed in Nifty with a consecutive close above 11940 for a initial target of 12095 - 12135 and sustaining / closing above it we can see a further move till 12270 - 12420 .  Similarly shorts will get confirmed with a consecutive close below 11640 for  a initial target of 11480 - 11440 and sustaining / closing below it we can see a further move till 11305 - 11155 . 



Now on the downside Nifty has immediate support near 11670 - 11640 and it needs to hold this levels on closing basis in the month of July on a correction for a bounce . 


Nifty Spot Levels for the week are

Long above 11835 , Tgt  11860 - 11885 - 11905

IF Nifty spot manages to get a close / sustain above 11935 then ,

long again for 11955 - 12020 - 12090

Short below 11745 , Tgt 11715 - 11695 - 11670

IF Nifty spot manages to get a close / sustain below 11640 then, 

short again for 11620 - 11555 - 11485


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, 27 June 2019

Bank Nifty Spot Outlook for 28th Jun

BANK NIFTY


In the previous session Bank Nifty spot opened at 31192.10, made a high of 31490.60, it made a low of 31158.80,  before closing at 31269.50

Had mentioned that long trade will get triggered for the day on sustaining above 31265 and short trade will get triggered for the day on sustaining below 31060. Bank Nifty  triggered our long trade and completed 2 targets doing 200+ points .


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30885 and then enter for a initial target of 31155 - 31225 and look to hold further only on sustaining or getting a close above 31225 for the next targets of 31455 - 31710. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30375 and then enter for a initial target of 30105 - 30035 and look to hold further only on sustaining or getting a close below 30035 for the next targets of 29805 - 29550.

Bank Nifty had confirmed our weekly long trade and had completed our initial targets of 31155 - 31225 in the previous session and today reached our next target zone of 31455 - 31710 with a high of 31490.60 .


For the month of June , longs will be confirmed in Bank Nifty with a consecutive close above 32160 for a initial target of 32995 - 33205 and sustaining / closing above it we can see a further move till 33920 - 34710 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 30590 for a initial target of 29755 - 29545 and sustaining / closing below it we can see a further move till 28830 - 28045.


Had mentioned in the previous post " Now we can see the upmove extend further on the back of short covering if Bank Nifty sustains/closes strongly above 30885 in the coming sessions. Bank Nifty is appearing to show more strength than Nifty and is showing a bit of divergence to Nifty indicating it might not put pressure on Nifty to fall sharply " , and we saw Bank Nifty give a good move of 600 points on sustaining above 30885 this week .

Now in the coming session Bank Nifty needs to break and sustain above 31355 to test 31450 - 31470 initially and sustaining above it we can see a further upmove till 31550 - 31635. Similarly breaking and sustaining below 31180 we can see a test of 31090 - 31070 initially and sustaining below it we can see a further correction till 30990 - 30900



Bank Nifty Spot Levels for the day are

Long above 31355 for 31410 - 31470 - 31635 , SL 31295

Short below 31180 for 31130 - 31070 - 30900 , SL 31240


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 Jun

NIFTY


In the previous session Nifty spot opened at 11860.85, made a high of 11911.15 , made a low of 11821.05,  before closing at 11841.55


Had mentioned that long trade will get triggered for the day on sustaining above 11885 and short trade will get triggered for the day on sustaining below 11810. Nifty triggered our long trade and completed just 1 target and took our TSL. 

For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11810 and then enter for a initial target of 11900 - 11920 and look to hold further only on sustaining or getting a close above 11920 for the next targets of 12000 - 12080. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11640 and then enter for a initial target of 11550 - 11525 and look to hold further only on sustaining or getting a close below 11525 for the next targets of 11450 - 11370. 

Had mentioned in the previous post " Nifty confirmed our weekly long trade today and those who have entered should keep a trailing cbsl of 11775 and look to book once near the initial target of 11900 - 11920 or hold further only on a closing above 11920." , and Nifty made a high of 11911.15 today completing our initial targets and giving a good exit.

As mentioned earlier " After mostly trading sideways this month in the range of 11775 - 11965 Nifty had broken the range on the lower side and did 150 points . Now Nifty needs to sustain/close below 11640 else we might see it resume trade between 11775 - 11965 range again ." , and Nifty has so far held 11640 and has again resumed trading between 11775 - 11965 range as expected.

For the month of June , longs will get confirmed in Nifty with a consecutive close above 12115 for a initial target of 12320 - 12370 and sustaining / closing above it we can see a further move till 12545 - 12735 .  Similarly shorts will get confirmed with a consecutive close below 11730 for  a initial target of 11525 - 11475 and sustaining / closing below it we can see a further move till 11300 - 11110 . 


Now Nifty needs to sustain/close below 11640 for the correction to extend further towards the down targets mentioned of 11525 - 11425 and holding the same we can see it bounce back towards 11775 - 11810 . Nifty needs to sustain/close above 11810 to put pressure on shorts to cover positions. 


Now in the coming session Nifty needs to break and sustain above 11875 to test 11910 - 11920 initially and sustaining above it we can see a further upmove till 11950 - 11985. Similarly breaking and sustaining below 11810 we can see a test of 11775 - 11765 initially and breaking and sustaining below it we can see a further correction till 11735 - 11700


Nifty Spot Levels for the day are

Long above 11875 for 11895 - 11920 - 11985 , SL 11850

Short below 11810 for 11790 - 11765 - 11700 , SL 11830


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, 26 June 2019

Bank Nifty Spot Outlook for 27th Jun

BANK NIFTY


In the previous session Bank Nifty spot opened at 30809.20, made a low of 30766.65, it made a high of 31202.70,  before closing at 31162.35

Had mentioned that long trade will get triggered for the day on sustaining above 30940 and short trade will get triggered for the day on sustaining below 30755. Bank Nifty  triggered our long trade and nearly completed all targets doing 275+ points .


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30885 and then enter for a initial target of 31155 - 31225 and look to hold further only on sustaining or getting a close above 31225 for the next targets of 31455 - 31710. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30375 and then enter for a initial target of 30105 - 30035 and look to hold further only on sustaining or getting a close below 30035 for the next targets of 29805 - 29550.

Bank Nifty has confirmed our weekly long trade and completed our initial targets of 31155 - 31225 with a high of 31202.70. Those had entered should have booked once today in this range and those who are still holding should a trailing cbsl of 30960.


For the month of June , longs will be confirmed in Bank Nifty with a consecutive close above 32160 for a initial target of 32995 - 33205 and sustaining / closing above it we can see a further move till 33920 - 34710 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 30590 for a initial target of 29755 - 29545 and sustaining / closing below it we can see a further move till 28830 - 28045.


Had mentioned in the previous post " Now we can see the upmove extend further on the back of short covering if Bank Nifty sustains/closes strongly above 30885 in the coming sessions. Bank Nifty is appearing to show more strength than Nifty and is showing a bit of divergence to Nifty indicating it might not put pressure on Nifty to fall sharply " , and we saw Bank Nifty give a good move on sustaining above 30885  .

Now in the coming session Bank Nifty needs to break and sustain above 31265 to test 31370 - 31395 initially and sustaining above it we can see a further upmove till 31490 - 31590. Similarly breaking and sustaining below 31060 we can see a test of 30955 - 30930 initially and sustaining below it we can see a further correction till 30835 - 30735



Bank Nifty Spot Levels for the day are

Long above 31265 for 31325 - 31395 - 31590 , SL 31195

Short below 31060 for 31000 - 30930 - 30735 , SL 31130


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.