Wednesday 25 December 2019

Bank Nifty Spot Outlook for 26th Dec

BANK NIFTY


In the previous session Bank Nifty spot opened at 32337.80, made a high of 32390.35 , made a low of 32246.05 before closing at 32280.75


Had mentioned that long trade will get triggered for the day on sustaining above 32400 and short trade will get triggered for the day on sustaining below 32280. Bank Nifty triggered our short trade and completed just 1 target.

For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 32560 and then enter for a initial target of 32745 - 32795 and look to hold further only on sustaining or getting a close above 32795 for the next targets of 32955 - 33130.

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 32210 and then enter for a initial target of 32025 - 31975 and look to hold further only on sustaining or getting a close below 31975 for the next targets of 31815 - 31640.

Bank Nifty needs to break its range of 32210 - 32560 this week on good volumes on any side for a bigger move.


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 had confirmed our monthly short trade below 31510 and completed our initial targets giving 500 points . Nifty failed to give a consecutive close below 11895 to confirm its monthly short trade and recovered strongly and Bank Nifty also followed with a bounce. 

Now Nifty had confirmed its monthly longs but Bank Nifty failed to give a consecutive close strongly above 32380 to confirm its monthly longs too due to which we can see Nifty also face some pressure and witness some profit booking. 

Bank Nifty has immediate resistance for this week at 32495 - 32560 and sustaining above it the next resistance is at 32745 - 32795.

As mentioned previously " Bank Nifty has immediate support for this week at 32275 - 32210 and sustaining below it the next support is at 32025 - 31975 " , we saw Bank Nifty test its immediate support zone of 32275 - 32210 with a low of 32246.05 and close just above the support zone. In the coming session sustaining below this zone can see a move towards its next support.







Now in the coming session Bank Nifty needs to break and sustain above 32345 to test 32415 - 32430 initially and sustaining above it we can see a further upmove till 32490 - 32550. Similarly breaking and sustaining below 32215 we can see a test of 32150 - 32135 initially and sustaining below it we can see a further correction till 32075 - 32010



Bank Nifty Spot Levels for the day are

Long above 32345 for 32385 - 32430 - 32550 , SL 32300

Short below 32215 for 32175 - 32135 - 32010 , SL 32260

Once again the stoploss has today come down to 45 points which if reduces further will indicate a change in trend can occur or we might see days of sideways moves .


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 26th Dec

NIFTY


In the previous session Nifty spot opened at 12269.25 , made a high of 12283.70, made a low of 12202.10  before closing at 12214.55

Had mentioned that long trade will get triggered for the day on sustaining above 12280 and short trade will get triggered for the day on sustaining below 12245. Nifty initially triggered our long trade and took our stoploss . Nifty then reversed and triggered our short trade and completed 2 targets. 

As mentioned at the start of the week " After such a strong upmove a few days of sideways to slightly negative move can be seen in the coming sessions." , and we have been witnessing the same.


For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 12335 and then enter for a initial target of 12400 - 12415 and look to hold further only on sustaining or getting a close above 12415 for the next targets of 12470 - 12535. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 12210 and then enter for a initial target of 12145 - 12130 and look to hold further only on sustaining or getting a close below 12130 for the next targets of 12070 - 12010.


Nifty has to break the narrow range of 12210 - 12335 this week on good volumes on any side for a bigger move.

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 confirmed its monthly long trade and we can see a move towards 12345 - 12425 next. Bank Nifty did not confirm its monthly long trade and has been putting pressure on Nifty now from moving up further. 

Also as mentioned in the previous post " Nifty has immediate support for this week at 12235 - 12210 and sustaining / closing below it we can see it test its next strong support at 12145 - 12130." , in the previous session we saw Nifty make a low of 12202.10 breaking the support but with low volumes and its closed just above 12210 . Breaking and sustaining below 12210 in the coming session can see a move towards the next support of 12130 - 12145 and holding the same we can expect a bounce. 





Now in the coming session Nifty needs to break and sustain above 12235 to test 12260 - 12265 initially and sustaining above it we can see a further upmove till 12285 - 12305. Similarly breaking and sustaining below 12195 we can see a test of 12170 - 12165 initially and breaking and sustaining below it we can see a further correction till 12145 - 12125


Nifty Spot Levels for the day are

Long above 12235 for 12250 - 12265 - 12305 , SL 12220

Short below 12195 for 12180 - 12165 - 12125 , SL 12210

The stoploss has come down to 12 points so expect choppy moves on both sides intraday unless weekly trade levels get triggered.

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.

Tuesday 24 December 2019

Bank Nifty Spot Outlook for 24th Dec

BANK NIFTY


In the previous session Bank Nifty spot opened at 32381.00, made a high of 32502.80 , made a low of 32196.85 before closing at 32339.45


Had mentioned that long trade will get triggered for the day on sustaining above 32450 and short trade will get triggered for the day on sustaining below 32320. Bank Nifty initially triggered our long trade and completed just 1 target and took our TSL. Bank Nifty then reversed to trigger our short trade and completed 2 targets. 

For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 32560 and then enter for a initial target of 32745 - 32795 and look to hold further only on sustaining or getting a close above 32795 for the next targets of 32955 - 33130.

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 32210 and then enter for a initial target of 32025 - 31975 and look to hold further only on sustaining or getting a close below 31975 for the next targets of 31815 - 31640.

Bank Nifty needs to break its range of 32210 - 32560 this week on good volumes on any side for a bigger move.


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 had confirmed our monthly short trade below 31510 and completed our initial targets giving 500 points . Nifty failed to give a consecutive close below 11895 to confirm its monthly short trade and recovered strongly and Bank also followed with a bounce. 

Now Nifty had confirmed its monthly longs but today Bank Nifty failed to give a consecutive close strongly above 32380 to confirm its monthly longs too due to which we can see Nifty also face some pressure and witness some profit booking. 

Bank Nifty has immediate resistance for this week at 32495 - 32560 and sustaining above it the next resistance is at 32745 - 32795.

Bank Nifty has immediate support for this week at 32275 - 32210 and sustaining below it the next support is at 32025 - 31975 







Now in the coming session Bank Nifty needs to break and sustain above 32400 to test 32465 - 32480 initially and sustaining above it we can see a further upmove till 32530 - 32590. Similarly breaking and sustaining below 32280 we can see a test of 32215 - 32200 initially and sustaining below it we can see a further correction till 32145 - 32085



Bank Nifty Spot Levels for the day are

Long above 32400 for 32435 - 32480 - 32590 , SL 32360

Short below 32280 for 32245 - 32200 - 32085 , SL 32320

Once again the stoploss has today come down to 45 points which if reduces further will indicate a change in trend can occur or we might see days of sideways moves .


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 24th Dec

NIFTY


In the previous session Nifty spot opened at 12235.45 , made a high of 12287.15, made a low of 12213.25   before closing at 12262.75

Had mentioned that long trade will get triggered for the day on sustaining above 12295 and short trade will get triggered for the day on sustaining below 12250. Nifty triggered our short trade and completed 2 targets. 

As mentioned previously " After such a strong upmove a few days of sideways to slightly negative move can be seen in the coming sessions." , and today we witnessed one such day.


For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 12335 and then enter for a initial target of 12400 - 12415 and look to hold further only on sustaining or getting a close above 12415 for the next targets of 12470 - 12535. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 12210 and then enter for a initial target of 12145 - 12130 and look to hold further only on sustaining or getting a close below 12130 for the next targets of 12070 - 12010.


Nifty has to break the narrow range of 12210 - 12335 this week on good volumes on any side for a bigger move.

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 confirmed its monthly long trade and we can see a move towards 12345 - 12425 next. Bank Nifty is yet to confirm its monthly long trade and has to close strongly above 32380 in the coming session .


Also as mentioned in the previous post " Nifty has immediate support for this week at 12235 - 12210 and sustaining / closing below it we can see it test its next strong support at 12145 - 12130." , today we saw Nifty make a low of 12213.25 taking support at 12235 - 12210 and bounce back towards the end. Breaking and sustaining below this range in the coming session can see a move towards the next support and holding the same we can keep expecting a bounce. 





Now in the coming session Nifty needs to break and sustain above 12280 to test 12300 - 12305 initially and sustaining above it we can see a further upmove till 12320 - 12340. Similarly breaking and sustaining below 12245 we can see a test of 12225 - 12220 initially and breaking and sustaining below it we can see a further correction till 12205- 12185


Nifty Spot Levels for the day are

Long above 12280 for 12290 - 12305 - 12340 , SL 12268

Short below 12245 for 12235 - 12220 - 12185 , SL 12257

The stoploss has come down to 12 points so expect choppy moves on both sides intraday unless weekly trade levels get triggered.

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.

Sunday 22 December 2019

Bank Nifty Spot Outlook for 23rd Dec

BANK NIFTY


In the previous session Bank Nifty spot opened at 32266.85, made a low of 32199.45 , made a new life time high of  32443.35 before closing at 32384.95


Had mentioned that long trade will get triggered for the day on sustaining above 32310 and short trade will get triggered for the day on sustaining below 32175. Bank Nifty triggered our long trade and completed 2 targets giving 125 points .


For this week :

Those who are looking to enter fresh longs should wait for Bank Nifty to sustain / close above 32560 and then enter for a initial target of 32745 - 32795 and look to hold further only on sustaining or getting a close above 32795 for the next targets of 32955 - 33130.

&

Those who are looking to enter fresh short should wait for Bank Nifty to sustain / close below 32210 and then enter for a initial target of 32025 - 31975 and look to hold further only on sustaining or getting a close below 31975 for the next targets of 31815 - 31640.




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 had confirmed our monthly short trade below 31510 and completed our initial targets giving 500 points . Nifty failed to give a consecutive close below 11895 to confirm its monthly short trade and recovered strongly and Bank also followed with a bounce. 

Now Nifty has confirmed its monthly longs and Bank Nifty has to close strongly above 32380 on Monday to confirm its monthly longs too and if Bank Nifty fails to do so then we can see Nifty also face some pressure and witness some profit booking. If Bank Nifty also confirms its monthly longs then we can expect the uptrend to continue till their initial monthly targets .


Bank Nifty has immediate resistance for this week at 32495 - 32560 and sustaining above it the next resistance is at 32745 - 32795.

Bank Nifty has immediate support for this week at 32275 - 32210 and sustaining below it the next support is at 32025 - 31975 







Now in the coming session Bank Nifty needs to break and sustain above 32450 to test 32520 - 32540 initially and sustaining above it we can see a further upmove till 32600 - 32670. Similarly breaking and sustaining below 32320 we can see a test of 32250 - 32230 initially and sustaining below it we can see a further correction till 32170 - 32100



Bank Nifty Spot Levels for the day are

Long above 32450 for 32495 - 32540 - 32670 , SL 32405

Short below 32320 for 32275 - 32230 - 32100 , SL 32365

Once again the stoploss has today come down to 45 points which if reduces further will indicate a change in trend can occur or we might see days of sideways moves .


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 23rd Dec

NIFTY


In the previous session Nifty spot opened at 12266.45 , made a low of 12252.75, made a new life time high of 12293.90   before closing at 12271.80

Had mentioned that long trade will get triggered for the day on sustaining above 12285 and short trade will get triggered for the day on sustaining below 12235. Nifty triggered our long trade but could not complete any target indicating indecisiveness. 

After such a strong upmove a few days of sideways to slightly negative move can be seen in the coming sessions.


For this week :

Those who are looking to enter fresh longs should wait for Nifty to sustain / close above 12335 and then enter for a initial target of 12400 - 12415 and look to hold further only on sustaining or getting a close above 12415 for the next targets of 12470 - 12535. 

&

Those who are looking to enter fresh short should wait for Nifty to sustain / close below 12210 and then enter for a initial target of 12145 - 12130 and look to hold further only on sustaining or getting a close below 12130 for the next targets of 12070 - 12010.




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 confirmed its monthly long trade and we can see a move towards 12345 - 12425 next. Bank Nifty is yet to confirm its monthly long trade and has to close strongly above 32380 in the coming session .


Nifty has immediate support for this week at 12235 - 12210 and sustaining / closing below it we can see it test its next strong support at 12145 - 12130.





Now in the coming session Nifty needs to break and sustain above 12295 to test 12320 - 12325 initially and sustaining above it we can see a further upmove till 12350 - 12370. Similarly breaking and sustaining below 12250 we can see a test of 12225 - 12215 initially and breaking and sustaining below it we can see a further correction till 12195- 12175


Nifty Spot Levels for the day are

Long above 12295 for 12310 - 12325 - 12370 , SL 12280

Short below 12250 for 12235 - 12215 - 12175 , SL 12265



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.