Saturday, 30 November 2019

Weekly Spot Outlook Of Bank Nifty for 02nd to 06th Dec

BANK NIFTY

This past week Bank Nifty spot went down by 62 points then went up by 1045 points before finally ending the week with a gain of 835 points compared to last weekly closing.

Bank Nifty made a new life time high of 32157.05 and made a low of 31049.75 in the previous week. 


Had mentioned in previous weekly post that to confirm a long trade Bank Nifty needs to sustain /close above 31395 to enter for a test of 31690 - 31765 initially and above it further till 32025 - 32300 and to confirm a short trade Bank Nifty needs to sustain/close below 30830 to test 30530 - 30455 initially and below it further till 30200 - 29920 , and Bank Nifty triggered our long trade and nearly completed all targets giving 850+ points .


For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 32155 and then enter for a initial target of 32380 - 32435 and look to hold further only on sustaining or getting a close above 32435 for the next targets of 32625 - 32835.

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 31735 and then enter for a initial target of 31515 - 31460 and look to hold further only on sustaining or getting a close below 31460 for the next targets of 31270 - 31060.



For this month :

For the month of December, longs will be confirmed in Bank Nifty with a consecutive close above 32380 for a initial target of 32840 - 32955 and sustaining / closing above 32955 we can see a further move till 33350 - 33785 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 31510 for a initial target of 31055 - 30935 and sustaining / closing below 30935 we can see a further move till 30545 - 30110.





Bank Nifty has immediate resistance near 32215 - 32380 and it needs to give a consecutive close above 32380 for a further upmove towards 32840 - 32955 levels.

Now on the downside Bank Nifty has immediate support near 31680 - 31510 and it needs to sustain or give a consecutive close below 31510 for a further downmove towards 31055 - 30940 levels. 


Bank Nifty Spot Levels for the week are

Long above 32075 , Tgt 32155 - 32220 - 32285

IF Bank Nifty spot manages to get a close / sustain above 32380 then 

long again for 32435 - 32625 - 32835

Short below 31815 , Tgt 31735 - 31670 - 31605

IF Bank Nifty spot manages to get a close / sustain below 31515 then 

short again for 31460 - 31270 - 31060


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 .



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.

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.

Weekly Spot Outlook Of Nifty for 02nd Dec to 06th Dec

NIFTY

This past week Nifty went up by 244.40 points before finally ending the week with a gain of 142 points compared to last weekly closing. 

Nifty made a new all time high of 12158.80 this week  

Had mentioned in previous weekly post that to enter a long trade Nifty needs to sustain/close above 11960 to test 12005 - 12020 initially and closing above it can go further till 12060 - 12100 and to enter a short trade Nifty needs to sustain below 11870 to test 11825 - 11810 initially and closing below it can go further till 11770 - 11725, and we saw Nifty trigger our weekly long trade and complete our all our targets and exceed it too as it had also confirmed our November month long trade .

For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 12135 and then enter for a initial target of 12215 - 12235 and look to hold further only on sustaining or getting a close above 12235 for the next targets of 12305 - 12380. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11980 and then enter for a initial target of 11900 - 11875 and look to hold further only on sustaining or getting a close below 11875 for the next targets of 11810 - 11730. 


For this month :

For the month of December , longs will get confirmed in Nifty with a consecutive close above 12215 for a initial target of 12385 - 12425 and sustaining / closing above 12425 we can see a further move till 12570 - 12730 .  Similarly shorts will get confirmed with a consecutive close below 11895 for  a initial target of 11730 - 11685 and sustaining / closing below 11685 we can see a further move till 11545 - 11385 . 

Nifty has immediate resistance at 12155 - 12215 in the coming sessions and on getting a consecutive close above it we can see a move towards 12345 - 12425 next.

On the downside Nifty has immediate support near 12010 - 11980 in the coming sessions and on getting a strong close below 11980 we can see a down move towards 11900 - 11875 levels .


Nifty Spot Levels for the week are

Long above 12105 , Tgt  12135 - 12155 - 12180

IF Nifty spot manages to get a close / sustain above 12215 then ,

long again for 12235 - 12305 - 12380

Short below 12010 , Tgt 11980 - 11955 - 11930

IF Nifty spot manages to get a close / sustain below 11900 then, 

short again for 11875 - 11810 - 11730


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 .



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, 28 November 2019

Bank Nifty Spot Outlook for 29th Nov

BANK NIFTY


In the previous session Bank Nifty spot opened at 31981.70, made a low of 31905.90,  made a new all time high of 32157.05 before closing at 32122.95


Had mentioned that long trade will get triggered for the day on sustaining above 31950 and short trade will get triggered for the day on sustaining below 31800. Bank Nifty triggered our long trade and nearly completed all targets giving 200+ points. 


For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 31395 and then enter for a initial target of 31690 - 31765 and look to hold further only on sustaining or getting a close above 31765 for the next targets of 32025 - 32300.

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30830 and then enter for a initial target of 30530 - 30455 and look to hold further only on sustaining or getting a close below 30455 for the next targets of 30200 - 29920.

Bank Nifty had confirmed its weekly long trade and tested its next targets zone giving 800+ points from the weekly long trade. Now in the coming sessions Bank Nifty needs to sustain above 32050 to move further towards 32300  . 


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.





Bank Nifty has completed all its monthly long targets placed at 31880 and has exceeded it further with a high of 32157.05 giving around 1700+ points from the monthly long trade. 


Bank Nifty has outperformed the Nifty so far this month since Nifty had initially struggled to confirm its monthly long trade 

Bank Nifty has closed above its immediate resistance zone of 32050 - 32100 and holding above it we can see a further move towards 32255 - 32440 levels . 

Now on the downside Bank Nifty has immediate support near 31705 - 31665 .



Now in the coming session Bank Nifty needs to break and sustain above 32195 to test 32270 - 32290 initially and sustaining above it we can see a further upmove till 32355 - 32430. Similarly breaking and sustaining below 32050 we can see a test of 31975 - 31955 initially and sustaining below it we can see a further correction till 31890 - 31815



Bank Nifty Spot Levels for the day are

Long above 32195 for 32240 - 32290 - 32430 , SL 32145

Short below 32050 for 32005 - 31955 - 31815 , SL 32100


P.S.The stoploss has narrowed down a lot and usually it happens when the current trend is beginning to lose its steam. Lets see how it moves along in the coming sessions.

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 .

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 Nov

NIFTY


In the previous session Nifty spot opened at 12132.10 , made a low of 12099.95 , made a new life time high of 12158.80,   before closing at 12151.15

Had mentioned that long trade will get triggered for the day on sustaining above 12125 and short trade will get triggered for the day on sustaining below 12075. Nifty triggered our long trade and completed 2 targets giving 33 points .



For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11960 and then enter for a initial target of 12005 - 12020 and look to hold further only on sustaining or getting a close above 12020 for the next targets of 12060 - 12100. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11870 and then enter for a initial target of 11825 - 11810 and look to hold further only on sustaining or getting a close below 11810 for the next targets of 11770 - 11725. 


Nifty had confirmed our weekly long trade and has completed all weekly long targets and exceeded it further with a high of 12158.80  giving 200 points from the 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 .


Nifty has confirmed its monthly long trade and today tested its initial targets range with a high of 12158.80 and now sustaining above 12180 in the coming sessions is required for a further upmove .


As mentioned in the previous post " Nifty needs to break and close well above 12010 - 12050 zone for the upmove to gain strength and go towards 12130 - 12180 in this expiry week. Bank Nifty has been outperforming the Nifty this month but without the Nifty participating in the expiry week now even Bank Nifty will  find it difficult to sustain this outperformance." , Nifty has made a high of 12158.80 nearly completed our initial targets .


On the downside now Nifty has immediate support near 11960 -11940 for the coming sessions and below it the next support is at 11885 - 11870 . Giving a strong close below 11870 we can see a further down move towards 11795 - 11745 levels .



As long as Nifty is able to hold / close above 11745 incase of a correction this month we can expect the upmove to resume.





Now in the coming session Nifty needs to break and sustain above 12175 to test 12205 - 12210 initially and sustaining above it we can see a further upmove till 12235 - 12260. Similarly breaking and sustaining below 12125 we can see a test of 12100 - 12090 initially and breaking and sustaining below it we can see a further correction till 12070 - 12045


Nifty Spot Levels for the day are

Long above 12175 for 12195 - 12210 - 12260 , SL 12160

Short below 12125 for 12110 - 12090 - 12045 , SL 12145



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 .


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, 27 November 2019

Bank Nifty Spot Outlook for 28th Nov

BANK NIFTY


In the previous session Bank Nifty spot opened at 31832.75, made a low of 31734.50,  made a new all time high of 31916.80 before closing at 31875.95


Had mentioned that long trade will get triggered for the day on sustaining above 31790 and short trade will get triggered for the day on sustaining below 31645. Bank Nifty triggered our long trade and completed 2 targets giving 100+ points. 


For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 31395 and then enter for a initial target of 31690 - 31765 and look to hold further only on sustaining or getting a close above 31765 for the next targets of 32025 - 32300.

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 30830 and then enter for a initial target of 30530 - 30455 and look to hold further only on sustaining or getting a close below 30455 for the next targets of 30200 - 29920.

Bank Nifty had confirmed its weekly long trade and has completed its initial targets and today moved up further towards its next targets giving 600+ points from the weekly long trade. Now in the coming sessions Bank Nifty needs to sustain above 31765 for a further upmove towards its next targets . 


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.





Bank Nifty today completed all its monthly long targets placed at 31880 with a high of 31916.80 giving around 1400+ points from the monthly long trade. 


Bank Nifty has hugely outperformed the Nifty so far this month since Nifty had struggled to confirm its monthly long trade with a consecutive close above 12010. Now its important for Nifty to hold above 12010 to continue moving up towards new life highs . 
Now Bank Nifty has immediate resistance at 32050 - 32100 and it needs to sustain above it for a further upmove towards 32255 - 32440 levels . 

Now on the downside Bank Nifty has immediate support near 31705 - 31665 and below it at 31395 - 31285 .




Now in the coming session Bank Nifty needs to break and sustain above 31950 to test 32025 - 32045 initially and sustaining above it we can see a further upmove till 32110 - 32180. Similarly breaking and sustaining below 31800 we can see a test of 31725 - 31705 initially and sustaining below it we can see a further correction till 31640 - 31570



Bank Nifty Spot Levels for the day are

Long above 31950 for 31995 - 32045 - 32180 , SL 31895

Short below 31800 for 31760 - 31705 - 31570 , SL 31855

Expiry Range

Upper End - 32120

Lower End - 31630

P.S.The stoploss has narrowed down a lot and usually it happens when the current trend is beginning to lose its steam. Lets see how it moves along in the coming sessions.

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 .

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 Nov

NIFTY


In the previous session Nifty spot opened at 12068.50 , made a low of 12055.15 , made a high of 12114.90,   before closing at 12100.70

Had mentioned that long trade will get triggered for the day on sustaining above 12065 and short trade will get triggered for the day on sustaining below 12010. Nifty triggered our long trade and completed 2 targets giving nearly 50 points .



For this expiry week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 11960 and then enter for a initial target of 12005 - 12020 and look to hold further only on sustaining or getting a close above 12020 for the next targets of 12060 - 12100. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 11870 and then enter for a initial target of 11825 - 11810 and look to hold further only on sustaining or getting a close below 11810 for the next targets of 11770 - 11725. 


Nifty had confirmed our weekly long trade and has completed all weekly long targets with a high of 12132.45  giving 160+ points from the 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 .


Nifty has confirmed its monthly long trade and also nearly tested its initial targets range with a high of 12132.45 and sustaining above 12010 in the coming sessions we can see Nifty make a move towards 12145 - 12180 initially. 


As mentioned in the previous post " Nifty needs to break and close well above 12010 - 12050 zone for the upmove to gain strength and go towards 12130 - 12180 in this expiry week. Bank Nifty has been outperforming the Nifty this month but without the Nifty participating in the expiry week now even Bank Nifty will  find it difficult to sustain this outperformance." , Nifty has made a high of 12132.45 testing our target zone above 12050 and now sustaining above 12010 in the coming sessions we can see it move towards completing our initial targets.


On the downside now Nifty has immediate support near 11960 -11940 for the coming sessions and below it the next support is at 11885 - 11870 . Giving a strong close below 11870 we can see a further down move towards 11795 - 11745 levels .



As long as Nifty is able to hold / close above 11745 incase of a correction this month we can expect the upmove to resume.





Now in the coming session Nifty needs to break and sustain above 12125 to test 12155 - 12160 initially and sustaining above it we can see a further upmove till 12180 - 12205. Similarly breaking and sustaining below 12075 we can see a test of 12050 - 12045 initially and breaking and sustaining below it we can see a further correction till 12020 - 11995


Nifty Spot Levels for the day are

Long above 12125 for 12140 - 12160 - 12205 , SL 12105

Short below 12075 for 12060 - 12045 - 11995 , SL 12095

Expiry Range

Upper End - 12193

Lower End - 12008


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 .


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.