Wednesday, 31 July 2019

Bank Nifty Spot Outlook for 01st Aug

BANK NIFTY


In the previous session Bank Nifty spot opened at 28575.45 , made a high of 28979.75, it made a low of 28529.75,  before closing at 28876.00

Had mentioned that long trade will get triggered for the day on sustaining above 28900 and short trade will get triggered for the day on sustaining below 28685. Bank Nifty initially triggered our long trade and completed 1 target and took our TSL. Bank Nifty then reversed to trigger our short trade and completed 2 targets indicating indecisiveness .


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29625 and then enter for a initial target of 29940 - 30020 and look to hold further only on sustaining or getting a close above 30020 for the next targets of 30290 - 30590. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29025 and then enter for a initial target of 28715 - 28635 and look to hold further only on sustaining or getting a close below 28635 for the next targets of 28365 - 28065.


Bank Nifty triggered our weekly short trade and completed our initial targets with a low of 28529.75 but failed to give a close below 28635 to expect further correction. 


For the month of August , longs will be confirmed in Bank Nifty with a consecutive close above 29490 for a initial target of 30135 - 30300 and sustaining / closing above 30300 we can see a further move till 30860 - 31470 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 28260 for a initial target of 27615 - 27450 and sustaining / closing below 27450 we can see a further move till 26895 - 26280.



Now on the downside Bank Nifty has immediate support near 28495 - 28265 which it needs to hold on closing basis on any further correction in the coming sessions this week for a bounce . Bank Nifty has immediate resistance at 29255 - 29490 zone which it needs to strongly close above for the bounce to go towards 30000 - 30140 zone. 



Now in the coming session Bank Nifty needs to break and sustain above 28990 to test 29105 - 29135 initially and sustaining above it we can see a further upmove till 29235 - 29350. Similarly breaking and sustaining below 28765 we can see a test of 28645 - 28615 initially and sustaining below it we can see a further correction till 28515 - 28405.



Bank Nifty Spot Levels for the day are

Long above 28990 for 29055 - 29135 - 29350 , SL 28910

Short below 28765 for 28695 - 28615 - 28405 , SL 28845


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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 Aug

NIFTY


In the previous session Nifty spot opened at 11034.05,  made a high of 11145.30, made a low of 10999.40  before closing at 11118.00


Had mentioned that long trade will get triggered for the day on sustaining above 11105 and short trade will get triggered for the day on sustaining below 11065. Nifty initially triggered our long trade and completed 2 targets and took our TSL. Nifty then reversed to trigger our short trade and completed all our targets and again reversed indicating indecisiveness.

For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11355 and then enter for a initial target of 11430 - 11450 and look to hold further only on sustaining or getting a close above 11450 for the next targets of 11515 - 11585. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11215 and then enter for a initial target of 11140 - 11120 and look to hold further only on sustaining or getting a close below 11120 for the next targets of 11055 - 10985. 


Nifty had triggered our weekly short trade in the previous session and today tested our next target zone of 11055 - 10985 with a low of 10999.40. Now in the coming session as long as Nifty is able to close above 10985 we can expect to see some bounce. Those who are looking to go long should keep a cbsl of 10985. 


For the month of August , longs will get confirmed in Nifty with a consecutive close above 11250 for a initial target of 11390 - 11425 and sustaining / closing above it we can see a further move till 11545 - 11675 .  Similarly shorts will get confirmed with a consecutive close below 10985 for  a initial target of 10845 - 10810 and sustaining / closing below it we can see a further move till 10690 - 10560 .


Now on the downside Nifty has immediate support near 11035 - 10985 and it needs to hold these levels on closing basis for any bounce to come as closing strongly below it we can expect further correction. 




Now in the coming session Nifty needs to break and sustain above 11145 to test 11165 - 11175 initially and sustaining above it we can see a further upmove till 11195 - 11220. Similarly breaking and sustaining below 11090 we can see a test of 11070 - 11060 initially and breaking and sustaining below it we can see a further correction till 11040 - 11015.


Nifty Spot Levels for the day are

Long above 11145 for 11155 - 11175 - 11220 , SL 11125

Short below 11090 for 11080 - 11060 - 11015 , SL 11110


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, 30 July 2019

Bank Nifty Spot Outlook for 31st Jul

BANK NIFTY


In the previous session Bank Nifty spot opened at 29434.85 , made a high of 29530.30, it made a low of 28737.80,  before closing at 28791.60

Had mentioned that long trade will get triggered for the day on sustaining above 29405 and short trade will get triggered for the day on sustaining below 29190. Bank Nifty initially triggered our long trade and nearly completed 2 targets and took our TSL. Bank Nifty then reversed to trigger our short trade and completed all targets giving another 400+ points .


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29625 and then enter for a initial target of 29940 - 30020 and look to hold further only on sustaining or getting a close above 30020 for the next targets of 30290 - 30590. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29025 and then enter for a initial target of 28715 - 28635 and look to hold further only on sustaining or getting a close below 28635 for the next targets of 28365 - 28065.


Bank Nifty triggered our weekly short trade and nearly completed our initial targets with a low of 28737.80. 


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.


Bank Nifty had confirmed our monthly shorts and completed all our targets and also exceeded it with a low of 28737.80  . 

Now on the downside Bank Nifty has immediate support near 28710 - 28510 which it needs to hold on closing basis on any further correction this week for a bounce . Bank Nifty has immediate resistance at 29375 - 29575 zone which it needs to strongly close above in the coming week for the bounce to go towards 30000 - 30140 zone. 



Now in the coming session Bank Nifty needs to break and sustain above 28900 to test 29010 - 29040 initially and sustaining above it we can see a further upmove till 29135 - 29245. Similarly breaking and sustaining below 28685 we can see a test of 28570 - 28545 initially and sustaining below it we can see a further correction till 28445 - 28340.



Bank Nifty Spot Levels for the day are

Long above 28900 for 28965 - 29040 - 29245 , SL 28825

Short below 28685 for 28620 - 28545 - 28340 , SL 28760


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 31st Jul

NIFTY


In the previous session Nifty spot opened at 11213.70,  made a high of 11267.45, made a low of 11072.65  before closing at 11085.40


Had mentioned that long trade will get triggered for the day on sustaining above 11215 and short trade will get triggered for the day on sustaining below 11165. Nifty initially triggered our long trade and completed 2 targets giving 50+ points and took our TSL. Nifty then reversed to trigger our short trade and completed all our targets giving 75+ points from the short trade too.

For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11355 and then enter for a initial target of 11430 - 11450 and look to hold further only on sustaining or getting a close above 11450 for the next targets of 11515 - 11585. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11215 and then enter for a initial target of 11140 - 11120 and look to hold further only on sustaining or getting a close below 11120 for the next targets of 11055 - 10985. 


Nifty had triggered our weekly short trade in the previous session and today nearly tested our next target zone of 11055 - 10985 with a low of 11072.65. Now in the coming session unless Nifty is able to break above 11120 - 11140 zone and give a strong close , we can expect selling pressure to test our next targets of 11055 - 10985. 


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 .



Nifty had confirmed our monthly shorts and completed all our short targets and exceeded it with a low of 11072.65


Now on the downside Nifty has immediate support near 11040 - 11020 and it needs to hold these levels on closing basis for any bounce to come as closing strongly below it we can expect further correction. 




Now in the coming session Nifty needs to break and sustain above 11105 to test 11130 - 11135 initially and sustaining above it we can see a further upmove till 11155 - 11175. Similarly breaking and sustaining below 11065 we can see a test of 11040 - 11035 initially and breaking and sustaining below it we can see a further correction till 11015 - 10995.


Nifty Spot Levels for the day are

Long above 11105 for 11120 - 11135 - 11175 , SL 11090

Short below 11065 for 11050 - 11035 - 10995 , SL 11080


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, 29 July 2019

Bank Nifty Spot Outlook for 30th Jul

BANK NIFTY


In the previous session Bank Nifty spot opened at 29583.45 , made a high of 29592.95, it made a low of 29104.85,  before closing at 29295.90

Had mentioned that long trade will get triggered for the day on sustaining above 29440 and short trade will get triggered for the day on sustaining below 29210. Bank Nifty triggered our long trade with a gap up near our 2nd target and did not give a chance to enter. Bank Nifty then reversed and triggered our short trade and completed 100+ points 


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29625 and then enter for a initial target of 29940 - 30020 and look to hold further only on sustaining or getting a close above 30020 for the next targets of 30290 - 30590. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29025 and then enter for a initial target of 28715 - 28635 and look to hold further only on sustaining or getting a close below 28635 for the next targets of 28365 - 28065.






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.


Bank Nifty had confirmed our monthly shorts and completed all our targets and also exceeded it with a low of 28931.05  . 

Now on the downside Bank Nifty has immediate support near 28710 - 28510 which it needs to hold on closing basis on any further correction in the coming week for a bounce . Bank Nifty has immediate resistance at 29375 - 29575 zone which it needs to strongly close above in the coming week for the bounce to go towards 30000 - 30140 zone. 



Now in the coming session Bank Nifty needs to break and sustain above 29405 to test 29520 - 29550 initially and sustaining above it we can see a further upmove till 29650 - 29750. Similarly breaking and sustaining below 29190 we can see a test of 29075 - 29045 initially and sustaining below it we can see a further correction till 28945 - 28835.



Bank Nifty Spot Levels for the day are

Long above 29405 for 29470 - 29550 - 29750 , SL 29330

Short below 29190 for 29120 - 29045 - 28835 , SL 29265


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 Jul

NIFTY


In the previous session Nifty spot opened at 11307.50,  made a high of 11310.95, made a low of 11152.40  before closing at 11189.20


Had mentioned that long trade will get triggered for the day on sustaining above 11310 and short trade will get triggered for the day on sustaining below 11255. Nifty triggered our short trade and completed all targets giving 100 points. 

For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11355 and then enter for a initial target of 11430 - 11450 and look to hold further only on sustaining or getting a close above 11450 for the next targets of 11515 - 11585. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11215 and then enter for a initial target of 11140 - 11120 and look to hold further only on sustaining or getting a close below 11120 for the next targets of 11055 - 10985. 


Nifty today triggered our weekly short trade and nearly completed our initial targets . Now in the coming session unless Nifty is able to break strongly below 11140 - 11120 zone and sustain , shorts should be booked. Those who are looking to go long for a expected bounce should keep 11105 as cbsl.


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 .



Nifty had confirmed our monthly shorts and today completed all our short targets with a low of 11152.40 .


Now on the downside Nifty has immediate support near 11155 - 11105 and it needs to hold these levels on closing basis on any further correction in this week for a bounce . Those who are looking to go long in the coming sessions on a dip can keep a cbsl of 11105 .




Now in the coming session Nifty needs to break and sustain above 11215 to test 11240 - 11245 initially and sustaining above it we can see a further upmove till 11265 - 11290. Similarly breaking and sustaining below 11165 we can see a test of 11140 - 11135 initially and breaking and sustaining below it we can see a further correction till 11115 - 11090.


Nifty Spot Levels for the day are

Long above 11215 for 11225 - 11245 - 11290 , SL 11195

Short below 11165 for 11150 - 11135 - 11090 , SL 11185


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.

Sunday, 28 July 2019

Bank Nifty Spot Outlook for 29th Jul

BANK NIFTY


In the previous session Bank Nifty spot opened at 29062.50 , made a low of 28994.50, it made a high of 29379.10,  before closing at 29325.30

Had mentioned that long trade will get triggered for the day on sustaining above 29140 and short trade will get triggered for the day on sustaining below 28945. Bank Nifty triggered our long trade and completed 200+ points 


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29625 and then enter for a initial target of 29940 - 30020 and look to hold further only on sustaining or getting a close above 30020 for the next targets of 30290 - 30590. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29025 and then enter for a initial target of 28715 - 28635 and look to hold further only on sustaining or getting a close below 28635 for the next targets of 28365 - 28065.






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.


Bank Nifty had confirmed our monthly shorts and completed all our targets and also exceeded it with a low of 28931.05  . 

Now on the downside Bank Nifty has immediate support near 28710 - 28510 which it needs to hold on closing basis on any further correction in the coming week for a bounce . Bank Nifty has immediate resistance at 29375 - 29575 zone which it needs to strongly close above in the coming week for the bounce to go towards 30000 - 30140 zone. 



Now in the coming session Bank Nifty needs to break and sustain above 29440 to test 29555 - 29585 initially and sustaining above it we can see a further upmove till 29690 - 29800. Similarly breaking and sustaining below 29210 we can see a test of 29095 - 29065 initially and sustaining below it we can see a further correction till 28960 - 28850.



Bank Nifty Spot Levels for the day are

Long above 29440 for 29510 - 29585 - 29800 , SL 29360

Short below 29210 for 29145 - 29065 - 28850 , SL 29290


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.