Monday, 30 September 2019

Bank Nifty Spot Outlook for 01st Oct

BANK NIFTY


In the previous session Bank Nifty spot opened at 29674.80, made a high of 29754.40,  made a low of 28943.45 before closing at 29103.15

Had mentioned that long trade will get triggered for the day on sustaining above 30265 and short trade will get triggered for the day on sustaining below 29490. Bank Nifty triggered our short trade and completed 2 targets doing 500+ points. 



For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30900 and then enter for a initial target of 31985 - 32260 and look to hold further only on sustaining or getting a close above 32260 for the next targets of 33190 - 34220. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 28850 and then enter for a initial target of 27770 - 27495 and look to hold further only on sustaining or getting a close below 27495 for the next targets of 26560 - 25535.



For the month of October , longs will be confirmed in Bank Nifty with a consecutive close above 32145 for a initial target of 34415 - 34985 and sustaining / closing above 34985 we can see a further move till 36935 - 39080 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 27860 for a initial target of 25590 - 25020 and sustaining / closing below 25020 we can see a further move till 23070 - 20925.


Bank Nifty has immediate resistance at 30510- 30900 zone and it needs to give a strong close above it for a further upmove .

On the downside Bank Nifty has immediate support near 29245 - 28850 and it needs to give a strong close below it for a correction. 


Now in the coming session Bank Nifty needs to break and sustain above 29480 to test 29880 - 29980 initially and sustaining above it we can see a further upmove till 30325 - 30700. Similarly breaking and sustaining below 28725 we can see a test of 28325 - 28225 initially and sustaining below it we can see a further correction till 27885 - 27505



Bank Nifty Spot Levels for the day are

Long above 29480 for 29715 - 29980 - 30700 , SL 29220

Short below 28725 for 28495 - 28225 - 27505 , SL 28985

Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/joinchat/AAAAAFirR428Znf3BfpfmA 

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 01st Oct

NIFTY


In the previous session Nifty spot opened at 11491.15 , made a high of 11508.25 , made a low of 11390.80,  before closing at 11474.45


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 11420. Nifty triggered our short trade but did not complete any targets. Nifty still seems indecisive for the next move. 


For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11760 and then enter for a initial target of 12020 - 12085 and look to hold further only on sustaining or getting a close above 12085 for the next targets of 12310 - 12560. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11265 and then enter for a initial target of 11005 - 10940 and look to hold further only on sustaining or getting a close below 10940 for the next targets of 10715 - 10470.





For the month of October , longs will get confirmed in Nifty with a consecutive close above 12085 for a initial target of 12630 - 12770 and sustaining / closing above 12770 we can see a further move till 13240 - 13755 .  Similarly shorts will get confirmed with a consecutive close below 11055 for  a initial target of 10510 - 10375 and sustaining / closing below 10375 we can see a further move till 9905 - 9390 .



Now on the upside Nifty has immediate resistance near 11665 - 11760 in the coming sessions and only on getting a strong close above 11760 we can see a further upmove .

On the downside Nifty has immediate support near 11360 - 11265 in the coming sessions and on getting a strong close below 11265 we can see a further correction .


Now in the coming session Nifty needs to break and sustain above 11565 test 11655 - 11680 initially and sustaining above it we can see a further upmove till 11760 - 11845. Similarly breaking and sustaining below 11385 we can see a test of 11295 - 11270 initially and breaking and sustaining below it we can see a further correction till 11190 - 11105.


Nifty Spot Levels for the day are

Long above 11565 for 11615 - 11680 - 11845 , SL 11500

Short below 11385 for 11335 - 11270 - 11105 , SL 11450

Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/joinchat/AAAAAFirR428Znf3BfpfmA  


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, 29 September 2019

Bank Nifty Spot Outlook for 30th Sep

BANK NIFTY


In the previous session Bank Nifty spot opened at 29974.95, made a high of 30112.65,  made a low of 29711.35 before closing at 29876.65

Had mentioned that long trade will get triggered for the day on sustaining above 30395 and short trade will get triggered for the day on sustaining below 29610. Bank Nifty traded between our long and short trigger zone indicating indecisiveness. 



For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30900 and then enter for a initial target of 31985 - 32260 and look to hold further only on sustaining or getting a close above 32260 for the next targets of 33190 - 34220. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 28850 and then enter for a initial target of 27770 - 27495 and look to hold further only on sustaining or getting a close below 27495 for the next targets of 26560 - 25535.



For the month of October , longs will be confirmed in Bank Nifty with a consecutive close above 32145 for a initial target of 34415 - 34985 and sustaining / closing above 34985 we can see a further move till 36935 - 39080 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 27860 for a initial target of 25590 - 25020 and sustaining / closing below 25020 we can see a further move till 23070 - 20925.


Bank Nifty has immediate resistance at 30510- 30900 zone and it needs to give a strong close above it for a further upmove .

On the downside Bank Nifty has immediate support near 29245 - 28850 and it needs to give a strong close below it for a correction. 


Now in the coming session Bank Nifty needs to break and sustain above 30265 to test 30675 - 30780 initially and sustaining above it we can see a further upmove till 31130 - 31520. Similarly breaking and sustaining below 29490 we can see a test of 29080 - 28975 initially and sustaining below it we can see a further correction till 28625 - 28235



Bank Nifty Spot Levels for the day are

Long above 30265 for 30505 - 30780 - 31520 , SL 29995

Short below 29490 for 29250 - 28975 - 28235 , SL 29760

Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/joinchat/AAAAAFirR428Znf3BfpfmA 

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 Sep

NIFTY


In the previous session Nifty spot opened at 11556.35 , made a high of 11593.60 , made a low of 11499.75,  before closing at 11512.40


Had mentioned that long trade will get triggered for the day on sustaining above 11665 and short trade will get triggered for the day on sustaining below 11475. Nifty traded between our long and short trigger range indicating indecisiveness. 


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11760 and then enter for a initial target of 12020 - 12085 and look to hold further only on sustaining or getting a close above 12085 for the next targets of 12310 - 12560. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11265 and then enter for a initial target of 11005 - 10940 and look to hold further only on sustaining or getting a close below 10940 for the next targets of 10715 - 10470.



Nifty had triggered our weekly long trade and completed 200 points nearly testing our initial targets. Post that Nifty failed to sustain above 11720 for a further upmove and we saw it decline till 11416 this week so far. In the coming session Nifty needs to hold above 11490 for a move towards the high of this month. 




For the month of October , longs will get confirmed in Nifty with a consecutive close above 12085 for a initial target of 12630 - 12770 and sustaining / closing above 12770 we can see a further move till 13240 - 13755 .  Similarly shorts will get confirmed with a consecutive close below 11055 for  a initial target of 10510 - 10375 and sustaining / closing below 10375 we can see a further move till 9905 - 9390 .



Now on the upside Nifty has immediate resistance near 11665 - 11760 in the coming sessions and only on getting a strong close above 11760 we can see a further upmove .

On the downside Nifty has immediate support near 11360 - 11265 in the coming sessions and on getting a strong close below 11265 we can see a further correction .


Now in the coming session Nifty needs to break and sustain above 11605 test 11705 - 11730 initially and sustaining above it we can see a further upmove till 11815 - 11910. Similarly breaking and sustaining below 11420 we can see a test of 11320 - 11295 initially and breaking and sustaining below it we can see a further correction till 11210 - 11120.


Nifty Spot Levels for the day are

Long above 11605 for 11665 - 11730 - 11910 , SL 11540

Short below 11420 for 11360 - 11295 - 11120 , SL 11485


Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/joinchat/AAAAAFirR428Znf3BfpfmA  


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, 28 September 2019

Weekly Spot Outlook Of Bank Nifty For 30th Sep to 04th Oct

BANK NIFTY

This past week Bank Nifty spot went up by 1820 points ,  before finally ending the week with a gain of 895 points compared to last weekly closing.

Bank Nifty made a high of 30801.30 and made a low of 29470.10 in the previous week. 


Had mentioned in previous weekly post that to confirm a long trade Bank Nifty needs to sustain /close above 29815 to enter for a test of 30695 - 30915 initially and above it further till 31675 - 32505 and to confirm a short trade Bank Nifty needs to sustain/close below 28150 to test 27270 - 27045 initially and below it further till 26290 - 25460 , and Bank Nifty initially confirmed our weekly long trade and nearly completed our initial targets.


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 30900 and then enter for a initial target of 31985 - 32260 and look to hold further only on sustaining or getting a close above 32260 for the next targets of 33190 - 34220. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 28850 and then enter for a initial target of 27770 - 27495 and look to hold further only on sustaining or getting a close below 27495 for the next targets of 26560 - 25535.


For the month of October , longs will be confirmed in Bank Nifty with a consecutive close above 32145 for a initial target of 34415 - 34985 and sustaining / closing above 34985 we can see a further move till 36935 - 39080 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 27860 for a initial target of 25590 - 25020 and sustaining / closing below 25020 we can see a further move till 23070 - 20925.



Bank Nifty has immediate resistance at 30510- 30900 zone and it needs to give a strong close above it for a further upmove .

On the downside Bank Nifty has immediate support near 29245 - 28850 and it needs to give a strong close below it for a correction.


Bank Nifty Spot Levels for the week are

Long above 30510 , Tgt 30900 - 31220 - 31535

IF Bank Nifty spot manages to get a close / sustain above 31985 then 

long again for 32260 - 33190 - 34220

Short below 29245 , Tgt 28850 - 28535 - 28220

IF Bank Nifty spot manages to get a close / sustain below 27770 then 

short again for 27495 - 26560 - 25535


Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/joinchat/AAAAAFirR428Znf3BfpfmA 

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 Sep to 04th Oct



NIFTY

This past week Nifty went up by 421 points, finally ending the week with a gain of 238 points compared to last weekly closing. 


Nifty made a high of 11694.85 and made a low of 11416.10 in the previous week.

Had mentioned in previous weekly post that to enter a long trade Nifty needs to sustain/close above 11490 to test 11720 - 11775 initially and closing above it can go further till 11970 - 12190 and to enter a short trade Nifty needs to sustain below 11060 to test 10830 - 10775 initially and closing below it can go further till 10575 - 10360, and we saw Nifty trigger our long trade and complete 200 points. 


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11760 and then enter for a initial target of 12020 - 12085 and look to hold further only on sustaining or getting a close above 12085 for the next targets of 12310 - 12560. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11265 and then enter for a initial target of 11005 - 10940 and look to hold further only on sustaining or getting a close below 10940 for the next targets of 10715 - 10470. 


For the month of October , longs will get confirmed in Nifty with a consecutive close above 12085 for a initial target of 12630 - 12770 and sustaining / closing above 12770 we can see a further move till 13240 - 13755 .  Similarly shorts will get confirmed with a consecutive close below 11055 for  a initial target of 10510 - 10375 and sustaining / closing below 10375 we can see a further move till 9905 - 9390 . 

Now on the upside Nifty has immediate resistance near 11665 - 11760 in the coming sessions and only on getting a strong close above 11760 we can see a further upmove .


On the downside Nifty has immediate support near 11360 - 11265 in the coming sessions and on getting a strong close below 11265 we can see a further correction .


Nifty Spot Levels for the week are

Long above 11665 , Tgt  11760 - 11835 - 11910

IF Nifty spot manages to get a close / sustain above 12020 then ,

long again for 12085 - 12310 - 12560

Short below 11360 , Tgt 11265 - 11190 - 11115

IF Nifty spot manages to get a close / sustain below 11005 then, 

short again for 10940 - 10715 - 10470


Telegram Channel will be active from October for live trades under the name of Simply Trade . Those who wish to join can click on this link and open it with telegram https://t.me/joinchat/AAAAAFirR428Znf3BfpfmA  


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, 26 September 2019

Bank Nifty Spot Outlook for 27th Sep

BANK NIFTY


In the previous session Bank Nifty spot opened at 29640.55, made a low of 29627.00,  made a high of 30718.35 before closing at 30002.60

Had mentioned that long trade will get triggered for the day on sustaining above 29970 and short trade will get triggered for the day on sustaining below 29200. Bank Nifty triggered our long trade and completed 2 targets . 


As mentioned previously,

For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29815 and then enter for a initial target of 30695 - 30915 and look to hold further only on sustaining or getting a close above 30915 for the next targets of 31675 - 32505. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 28150 and then enter for a initial target of 27270 - 27045 and look to hold further only on sustaining or getting a close below 27045 for the next targets of 26290 - 25460.

Bank Nifty had triggered our weekly long trade and nearly completed our initial targets. Post that Bank Nifty has failed to break and sustain above 30915 for a further upmove towards our next targets and has corrected till below 29500 levels .  


As mentioned previously,

For the month of September , longs will be confirmed in Bank Nifty with a consecutive close above 28390 for a initial target of 29405 - 29660 and sustaining / closing above 29660 we can see a further move till 30535 - 31495 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 26465 for a initial target of 25450 - 25195 and sustaining / closing below 25195 we can see a further move till 24320 - 23360.


Bank Nifty had confirmed our monthly long trade and completed our initial targets and also reached our next target zone with a high of 30801.30 . Post that in the next sessions Bank Nifty failed to sustain above 30535 to make a move towards our last target of 31495 and has corrected till below 29500 levels. 


On the downside Bank Nifty has immediate support near 29660 - 29400 and it got tested in the previous sessions and has held so far. Breaking and sustaining below it we can see a further correction of 200 points . If Bank Nifty begins to sustains below 29200 then we can see it move towards its next good support near 28690 - 28790. Sustaining strongly above 30695 we can see a move towards 31000.


Now in the coming session Bank Nifty needs to break and sustain above 30395 to test 30810 - 30915 initially and sustaining above it we can see a further upmove till 31270 - 31660. Similarly breaking and sustaining below 29610 we can see a test of 29200 - 29090 initially and sustaining below it we can see a further correction till 28735 - 28345



Bank Nifty Spot Levels for the day are

Long above 30395 for 30635 - 30915 - 31660 , SL 30125

Short below 29610 for 29370 - 29090 - 28345 , SL 29880


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.