Friday, 31 January 2020

Bank Nifty Spot Outlook for 31st Jan

In the previous session : 



Bank Nifty went up by 32 points then went down by 355 points before finally closing lower by 230 points on Thursday compared to its previous day's  close . 




Bank Nifty had made a life time high of 32613.10 on 30th December and has since then been trading sideways to negative. 







As per levels given for 30th Jan Bank Nifty triggered our short trade and did 250 points .


For 31st Jan  :



Sustaining above 30745 enter for 30805 - 30875 - 31065 , SL 30675

Sustaining below 30550 enter for 30490 - 30420 - 30230 , SL 30620


  • Bank Nifty has to hold its support at 30540 on closing basis to expect a bounce back towards 30900 - 31000 levels again .



How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 



For this month :

  • Bank Nifty longs will get confirmed with a consecutive close above 32565 for a initial target of 32990 - 33100 and sustaining / closing above 33100 we can see a further move till 33465 - 33865 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 31760 for  a initial target of 31335 - 31225 and sustaining / closing below 31225 we can see a further move till 30860 - 30460 . 

  • Bank Nifty had again confirmed its monthly short trade and we were expecting it to test 30860 - 30460 and Bank Nifty made a low of 30521 nearly completing all our targets.

  • Bank Nifty has a congestion zone around 32565 - 32625 on the upside and it has to give a strong  close above 32625 for a strong upward momentum  .


Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily 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.

Nifty Spot Outlook for 31st Jan

In the previous session : 



Nifty went up by 20 points and then went down by 119 points before closing lower by 94 points on Thursday as compared to the previous day's close.




Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we are seeing a correction towards below 12000 levels . 



  • As per levels given for 30th Jan, Nifty triggered our short trade and did 90 points .
                                       

For 31st Jan  :




Sustaining above 12065 enter for 12085 - 12105 - 12165 , SL 12045

Sustaining below 12005 enter for 11985 - 11965 - 11910 , SL 12025


Nifty has support near 12035 - 11995 levels on the downside which should hold for a bounce .



How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance / support . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 



For this month :

  • Earlier this month Nifty longs was confirmed with a consecutive close above 12305 for a initial target of 12445 - 12480 and we saw a high of 12430 . Post that due to the widening divergence between the Nifty and Bank Nifty we saw Nifty finally coming under pressure and correct by around 400 points . 

  • Now Nifty shorts will get confirmed with a consecutive close below 12035 for  a initial target of 11895 - 11855 and sustaining / closing below 11855 we can see a further move till 11735 - 11600 . The coming session Nifty needs to sustain / close above 12035 on closing for a bounce to be expected .


  • Nifty has immediate resistance near 12220 - 12250 and it needs to break and sustain above it for a further upmove towards 12290 - 12310 levels. Failing to do so it will keep coming under selling pressure for a break of 12000. 


Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      


To receive this post daily 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.

Wednesday, 29 January 2020

Bank Nifty Spot Outlook for 30th Jan

In the previous session : 



Bank Nifty went up by 321 points before finally closing higher by 115 points on Wednesday compared to its previous day's  close . 




Bank Nifty had made a life time high of 32613.10 on 30th December and has since then been trading sideways to negative. 







As per levels given for 29th Jan Bank Nifty triggered our long trade and did 220 points .


For 30th Jan  :



Sustaining above 30975 enter for 31040 - 31110 - 31300 , SL 30905

Sustaining below 30775 enter for 30715 - 30645 - 30455 , SL 30845


  • As mentioned previous "Bank Nifty has support at 30540 and if it does not sustain below this on a further correction then we can see a bounce back towards 30900 - 31000 levels again ." , and we saw Bank Nifty bounce and make a high today of 31082.85 .

  • Bank Nifty has immediate resistance near 31390 - 31485 and it needs to break and sustain above it for a further upmove else we may see some selling pressure from around these levels.


How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 



For this month :

  • Bank Nifty longs will get confirmed with a consecutive close above 32565 for a initial target of 32990 - 33100 and sustaining / closing above 33100 we can see a further move till 33465 - 33865 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 31760 for  a initial target of 31335 - 31225 and sustaining / closing below 31225 we can see a further move till 30860 - 30460 . 

  • Bank Nifty had again confirmed its monthly short trade and we were expecting it to test 30860 - 30460 and Bank Nifty made a low of 30614 nearly completing all our targets.

  • Bank Nifty has a congestion zone around 32565 - 32625 on the upside and it has to give a strong  close above 32625 for a strong upward momentum  .


Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily 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.

Nifty Spot Outlook for 30th Jan

In the previous session : 



Nifty went up by 114 points and closed higher by 74 points on Wednesday as compared to the previous day's close.




Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we are seeing a correction towards below 12100 levels . 



  • As per levels given for 29th Jan, Nifty triggered our long trade and did 80 points .
                                       

For 30th Jan  :




Sustaining above 12160 enter for 12180 - 12200 - 12255 , SL 12140

Sustaining below 12100 enter for 12080 - 12060 - 12005 , SL 12120


Nifty has support near 12035 levels on the downside and may take support there for a bounce incase of a dip.




How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance / support . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 



For this month :

  • Earlier this month Nifty longs was confirmed with a consecutive close above 12305 for a initial target of 12445 - 12480 and we saw a high of 12430 . Post that due to the widening divergence between the Nifty and Bank Nifty we saw Nifty finally coming under pressure and correct by around 400 points . 

  • Now Nifty shorts will get confirmed with a consecutive close below 12035 for  a initial target of 11895 - 11855 and sustaining / closing below 11855 we can see a further move till 11735 - 11600 . The coming session Nifty needs to sustain / close 12035 on closing for a bounce to be expected in this expiry.


  • Nifty has immediate resistance near 12220 - 12250 and it needs to break and sustain above it for a further upmove towards 12290 - 12310 levels. Failing to do so it will keep coming under selling pressure for a break of 12000. 


Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      


To receive this post daily 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.

Bank Nifty Spot Outlook for 29th Jan

In the previous session : 



Bank Nifty went up by 211 points and then went down by 181 points before finally closing lower by 76 points on Tuesday compared to its previous day's  close . 




Bank Nifty had made a life time high of 32613.10 on 30th December and has since then been trading sideways to negative. 







As per levels given for 28th Jan Bank Nifty initially triggered our long trade and did 100 points and then took our TSL. Bank Nifty then reversed to trigger our short trade and did 80 points. We have a couple of sessions where we are getting whipsawed with both side moves indicating indecisiveness . We should be see a trending move next.


For 29th Jan  :



Sustaining above 30860 enter for 30920 - 30985 - 31170 , SL 30790

Sustaining below 30665 enter for 30605 - 30535 - 30355 , SL 30730


  • Bank Nifty has support at 30540 and if it does not sustain below this on a further correction then we can see a bounce back towards 30900 - 31000 levels again .

  • Bank Nifty has immediate resistance near 31390 - 31485 and it needs to break and sustain above it for a further upmove else we may see some selling pressure from around these levels.


How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 



For this month :

  • Bank Nifty longs will get confirmed with a consecutive close above 32565 for a initial target of 32990 - 33100 and sustaining / closing above 33100 we can see a further move till 33465 - 33865 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 31760 for  a initial target of 31335 - 31225 and sustaining / closing below 31225 we can see a further move till 30860 - 30460 . 

  • Bank Nifty had again confirmed its monthly short trade and we were expecting it to test 30860 - 30460 and Bank Nifty has made a low of 30614 nearly completing all our targets.

  • Bank Nifty has a congestion zone around 32565 - 32625 on the upside and it has to give a strong  close above 32625 for a strong upward momentum  .


Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily 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.

Nifty Spot Outlook for 29th Jan

In the previous session : 



Nifty went up by 44 points and went down by 94 points and closed lower by 63 points on Tuesday as compared to the previous day's close.




Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we are seeing a correction towards below 12100 levels . 



  • As per levels given for 28th Jan, Nifty initially triggered our long trade and completed one target and took our TSL . Nifty then reversed to trigger our short trade and did 65 points .
                                       

For 29th Jan  :




Sustaining above 12085 enter for 12100 - 12120 - 12170 , SL 12065

Sustaining below 12030 enter for 12015 - 11995 - 11945 , SL 12050


Nifty has support near 12035 levels on the downside and may take support there for a bounce .




How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance / support . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 



For this month :

  • Earlier this month Nifty longs was confirmed with a consecutive close above 12305 for a initial target of 12445 - 12480 and we saw a high of 12430 . Post that due to the widening divergence between the Nifty and Bank Nifty we saw Nifty finally coming under pressure and correct by around 400 points . 

  • Now Nifty shorts will get confirmed with a consecutive close below 12035 for  a initial target of 11895 - 11855 and sustaining / closing below 11855 we can see a further move till 11735 - 11600 . The coming session Nifty needs to sustain / close 12035 on closing for a bounce to be expected in this expiry.


  • Nifty has immediate resistance near 12290 - 12310 and it needs to break and sustain above it for a further upmove towards 12375 - 12395 levels. Failing to do so it will keep coming under selling pressure for a break of 12000. 


Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      


To receive this post daily 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.

Monday, 27 January 2020

Bank Nifty Spot Outlook for 28th Jan

In the previous session : 



Bank Nifty went down by 433 points and finally closing lower by 404 points on Monday compared to its previous day's  close . 




Bank Nifty had made a life time high of 32613.10 on 30th December and has since then been trading sideways to negative. 







As per levels given for 27th Jan Bank Nifty triggered our short trade and did 325+ points..


For 28th Jan  :



Sustaining above 30935 enter for 30995 - 31065 - 31250 , SL 30865

Sustaining below 30740 enter for 30680 - 30610 - 30425 , SL 30810


  • Bank Nifty has support at 30540 and if it does not sustain below this on a further correction then we can see a bounce back towards 30900 - 31000 levels again .

  • Bank Nifty has immediate resistance near 31390 - 31485 and it needs to break and sustain above it for a further upmove else we may see some selling pressure from around these levels.


How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 



For this month :

  • Bank Nifty longs will get confirmed with a consecutive close above 32565 for a initial target of 32990 - 33100 and sustaining / closing above 33100 we can see a further move till 33465 - 33865 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 31760 for  a initial target of 31335 - 31225 and sustaining / closing below 31225 we can see a further move till 30860 - 30460 . 

  • Bank Nifty had again confirmed its monthly short trade and we were expecting it to test 30860 - 30460 and Bank Nifty has made a low of 30614 nearly completing all our targets  . 

  • Post that Bank Nifty had again bounced back to above 31300 levels and now it has to break and sustain above 31485 for a further upmove towards 31740 - 31810 next.

  • Bank Nifty has a congestion zone around 32565 - 32625 on the upside and it has to give a strong  close above 32625 for a strong upward momentum  .


Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily 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.