Thursday, 31 October 2019

Bank Nifty Spot Outlook for 01st Nov

BANK NIFTY


In the previous session Bank Nifty spot opened at 30168.65, made a high of 30415.65,  made a low of 29987.15 before closing at 30066.25

Had mentioned that long trade will get triggered for the day on sustaining above 30075 and short trade will get triggered for the day on sustaining below 29900. Bank Nifty triggered our long trade and all targets giving 300+ points. 

For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29630 and then enter for a initial target of 29875 - 29940 and look to hold further only on sustaining or getting a close above 29940 for the next targets of 30155 - 30390. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29160 and then enter for a initial target of 28915 - 28850 and look to hold further only on sustaining or getting a close below 28850 for the next targets of 28640 - 28405.

Bank Nifty had triggered our weekly long trade and today completed all our weekly long targets with a high of 30415.65 .  



For this month :

For the month of November , longs will be confirmed in Bank Nifty with a consecutive close above 30495 for a initial target of 30950 - 31065 and sustaining / closing above 31065 we can see a further move till 31455 - 31880 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 29640 for a initial target of 29185 - 29070 and sustaining / closing below 29070 we can see a further move till 28680 - 28250.


As mentioned in the previous post "Bank Nifty has immediate resistance at 30060 - 30080 zone and it needs to sustain or close  above 30080 for a further upmove towrards 30155 - 30390." , and today we saw Bank Nifty make a high of 30415.65

Now Bank Nifty has immediate resistance at 30330 - 30495 and it needs to sustain or give a consecutive close above 30495 for a further upmove towards 30950 - 31065. 

On the downside Bank Nifty has immediate support near 29800 - 29635 and its needs to sustain or give a consecutive close below 29635 for a further downmove towards 29185 - 29070. 







Now in the coming session Bank Nifty needs to break and sustain above 30145 to test 30230 - 30250 initially and sustaining above it we can see a further upmove till 30320 - 30400. Similarly breaking and sustaining below 29985 we can see a test of 29905 - 29885 initially and sustaining below it we can see a further correction till 29815 - 29735



Bank Nifty Spot Levels for the day are

Long above 30145 for 30195 - 30250 - 30400 , SL 30090

Short below 29985 for 29940 - 29885 - 29735 , SL 30045

We have a Telegram Channel under the name of Simply Trade Stocks where live trading ideas are shared. Those who wish to join can click on this link " https://t.me/simplytradestocks " and open it with telegram .

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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 Nov

NIFTY


In the previous session Nifty spot opened at 11890.45 , made a high of 11945.00 , made a low of 11855.10,  before closing at 11877.45

Had mentioned that long trade will get triggered for the day on sustaining above 11870 and short trade will get triggered for the day on sustaining below 11815. Nifty triggered our long trade and nearly completed all our day targets giving 60+ points.




For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11640 and then enter for a initial target of 11700 - 11715 and look to hold further only on sustaining or getting a close above 11715 for the next targets of 11770 - 11825. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11525 and then enter for a initial target of 11465 - 11450 and look to hold further only on sustaining or getting a close below 11450 for the next targets of 11400 - 11345. 

Nifty had triggered our weekly long trade and has completed all our long targets and exceeded it  with a high of 11945 giving 300 points from the weekly long trade.





For this month :


For the month of November , longs will get confirmed in Nifty with a consecutive close above 12010 for a initial target of 12145 - 12180 and sustaining / closing above 12180 we can see a further move till 12300 - 12430 .  Similarly shorts will get confirmed with a consecutive close below 11745 for  a initial target of 11610 - 11575 and sustaining / closing below 11575 we can see a further move till 11455 - 11325 .





As mentioned in the previous post "Now on the upside Nifty has immediate resistance near 11840 - 11850 in the coming sessions and on sustaining or getting a strong close above 11850 we can see a further upmove till 11900 - 11955." , and today we saw Nifty make a high of 11945 and take some resistance.

Now on the upside Nifty has resistance near 11960 - 12010 in the coming sessions and on sustaining or getting a consecutive close above 12010 we see a further upmove towards 12145 - 12180.


On the downside Nifty has immediate support near 11745 - 11795 in the coming sessions and on sustaining or closing consecutively below 11745 we can see a further down move towards 11575 - 11610 levels .



As long as Nifty is able to hold / close above 11745 we can expect the upmove to resume.





Now in the coming session Nifty needs to break and sustain above 11900 to test 11925 - 11935 initially and sustaining above it we can see a further upmove till 11955 - 11980. Similarly breaking and sustaining below 11855 we can see a test of 11830 - 11820 initially and breaking and sustaining below it we can see a further correction till 11800 - 11775.


Nifty Spot Levels for the day are

Long above 11900 for 11915 - 11935 - 11980 , SL 11885

Short below 11855 for 11840 - 11820 - 11775 , SL 11870

We have a Telegram Channel under the name of Simply Trade Stocks where live trading ideas are shared. Those who wish to join can click on this link " https://t.me/simplytradestocksand open it with telegram .


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, 30 October 2019

Bank Nifty Spot Outlook for 31st Oct

BANK NIFTY


In the previous session Bank Nifty spot opened at 30005.70, made a high of 30151.10,  made a low of 29753.00 before closing at 29987.50

Had mentioned that long trade will get triggered for the day on sustaining above 29965 and short trade will get triggered for the day on sustaining below 29780. Bank Nifty triggered our long trade and completed 2 targets giving 175 points. Bank Nifty also tested our short trigger but immediately reversed and took our stoploss. 

For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29630 and then enter for a initial target of 29875 - 29940 and look to hold further only on sustaining or getting a close above 29940 for the next targets of 30155 - 30390. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29160 and then enter for a initial target of 28915 - 28850 and look to hold further only on sustaining or getting a close below 28850 for the next targets of 28640 - 28405.

Bank Nifty had also triggered our weekly long trade and today touched our next target zone of 30155 - 30390 with a high of 30151.10 giving 500 points from the weekly long trade. 



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 30060 - 30080 zone and it needs to sustain or close  above 30080 for a further upmove towrards 30155 - 30390.

On the downside Bank Nifty has immediate support near 29540 - 29630 and below it near 29160 - 29250 where it take support incase of a good correction .







Now in the coming session Bank Nifty needs to break and sustain above 30075 to test 30170 - 30195 initially and sustaining above it we can see a further upmove till 30275 - 30360. Similarly breaking and sustaining below 29900 we can see a test of 29805 - 29780 initially and sustaining below it we can see a further correction till 29705 - 29615



Bank Nifty Spot Levels for the day are

Long above 30075 for 30130 - 30195 - 30360 , SL 30015

Short below 29900 for 29845 - 29780 - 29615 , SL 29960

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/simplytradestocks

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 Outook for 31st Oct

NIFTY


In the previous session Nifty spot opened at 11883.90 , made a high of 11883.95 , made a low of 11784.45,  before closing at 11844.10

Had mentioned that long trade will get triggered for the day on sustaining above 11815 and short trade will get triggered for the day on sustaining below 11760. Nifty triggered our long trade and nearly completed our day targets giving 50+ points.


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11640 and then enter for a initial target of 11700 - 11715 and look to hold further only on sustaining or getting a close above 11715 for the next targets of 11770 - 11825. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11525 and then enter for a initial target of 11465 - 11450 and look to hold further only on sustaining or getting a close below 11450 for the next targets of 11400 - 11345. 

Nifty had triggered our weekly long trade and has completed all our long targets with a high of 11883.95 giving 200+ points from the weekly long trade.




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 11840 - 11850 in the coming sessions and on sustaining or getting a strong close above 11850 we can see a further upmove till 11900 - 11955.


On the downside Nifty has immediate support near 11675 - 11700 in the coming sessions and on sustaining below 11675 we can see a further down move towards 11620 - 11640 levels .



As long as Nifty is able to hold / close above 11525 in case of a strong correction we can expect the upmove to resume.





Now in the coming session Nifty needs to break and sustain above 11870 to test 11900 - 11905 initially and sustaining above it we can see a further upmove till 11930 - 11955. Similarly breaking and sustaining below 11815 we can see a test of 11790 - 11785 initially and breaking and sustaining below it we can see a further correction till 11760 - 11735.


Nifty Spot Levels for the day are

Long above 11870 for 11885 - 11905 - 11955 , SL 11850

Short below 11815 for 11800 - 11785 - 11735 , SL 11835

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/simplytradestocks


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, 29 October 2019

Bank Nifty Spot Outlook for 30th Oct

BANK NIFTY


In the previous session Bank Nifty spot opened at 29527.60, made a low of 29385.45,  made a high of 29997.65 before closing at 29873.05

Had mentioned that long trade will get triggered for the day on sustaining above 29575 and short trade will get triggered for the day on sustaining below 29395. Bank Nifty tested our short trigger and reversed to trigger our long trigger for the day and completed all daily targets giving 400 points. 


For the coming week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 29630 and then enter for a initial target of 29875 - 29940 and look to hold further only on sustaining or getting a close above 29940 for the next targets of 30155 - 30390. 

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 29160 and then enter for a initial target of 28915 - 28850 and look to hold further only on sustaining or getting a close below 28850 for the next targets of 28640 - 28405.

Bank Nifty also triggered our weekly long trade and completed our initial targets today. Now sustaining above 29940 in the coming session is required for a further move towards 30155 - 30390.



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 30060 - 30080 zone and it needs to sustain or close  above it for a further upmove towrards 30155 - 30390.

On the downside Bank Nifty has immediate support near 29540 - 29630 and below it near 29160 - 29250 where it take support incase of a good correction .







Now in the coming session Bank Nifty needs to break and sustain above 29965 to test 30060 - 30090 initially and sustaining above it we can see a further upmove till 30165 - 30255. Similarly breaking and sustaining below 29780 we can see a test of 29690 - 29665 initially and sustaining below it we can see a further correction till 29580 - 29490



Bank Nifty Spot Levels for the day are

Long above 29965 for 30020 - 30090 - 30255 , SL 29900

Short below 29780 for 29725 - 29665 - 29490 , SL 29845

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/simplytradestocks

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 Oct

NIFTY


In the previous session Nifty spot opened at 11643.95 , made a low of 11627.35 , made a high of 11809.40,  before closing at 11786.85

Had mentioned that long trade will get triggered for the day on sustaining above 11650 and short trade will get triggered for the day on sustaining below 11605. Nifty triggered our long trade and completed all our day targets giving 150 points.


For the coming week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11640 and then enter for a initial target of 11700 - 11715 and look to hold further only on sustaining or getting a close above 11715 for the next targets of 11770 - 11825. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11525 and then enter for a initial target of 11465 - 11450 and look to hold further only on sustaining or getting a close below 11450 for the next targets of 11400 - 11345. 

Nifty triggered our weekly long trade and nearly completed all our long targets with a high of 11809.45 giving 160 points from the weekly long trade.




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 11840 - 11850 in the coming sessions and on sustaining or getting a strong close above 11850 we can see a further upmove till 11900 - 11955.


On the downside Nifty has immediate support near 11675 - 11700 in the coming sessions and on sustaining below 11675 we can see a further down move towards 11620 - 11640 levels .



As long as Nifty is able to hold / close above 11525 in case of a strong correction we can expect the upmove to resume.





Now in the coming session Nifty needs to break and sustain above 11815 to test 11840 - 11850 initially and sustaining above it we can see a further upmove till 11870 - 11900. 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 11830 - 11850 - 11900 , SL 11795

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

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/simplytradestocks


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.