Thursday, 27 February 2020

Bank Nifty Spot Outlook for 28th Feb

In the previous session : 



Bank Nifty went down by 519 points before finally closing lower by 246 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 and had corrected by 2850+ points from that high. Post the correction till 29612.55 we have now seen a bounce of 1500 points .




On 27th Feb :

Bank Nifty triggered our short trade and did 300 points. 


For 28th Feb  :

Sustaining above 30275 enter for 30325 - 30385 - 30545 , SL 30215

Sustaining below 30100 enter for 30050 - 29990 - 29830 , SL 30160



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 31320 for a initial target of 31840 - 31970 and sustaining / closing above 31970 we can see a further move till 32415 - 32900 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 30345 for  a initial target of 29830 - 29700 and sustaining / closing below 29700 we can see a further move till 29255 - 28765.

Earlier in the month Bank Nifty had triggered our monthly shorts and completed our initial targets with a low of 29613. For a further correction Bank Nifty had to give a close below 29700 and holding 29700 on closing basis we were expecting a bounce and Bank held 29700 on closing and we saw a bounce till above 31650 levels giving 1900 points . 

Post the stupendous upmove we saw Bank Nifty correct from 31650 to 30250 levels but it held 30345 on closing and again bounced till 30950 levels. 

Bank Nifty sustaining below 30250 we can see a move towards 29830 -  29700 levels again. 


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 28th Feb

In the previous session : 



Nifty went down by 261 points before closing lower by 164 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 saw a correction till 11614.50 . 


On 27th Feb :

Nifty triggered our short trade and did 100 points . 


For 28th Feb  :

Sustaining above 11670 enter for 11695 - 11720 - 11790 , SL 11645

Sustaining below 11595 enter for 11575 - 11550 - 11480 , SL 11620






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 :
  • Nifty longs will get confirmed with a consecutive close above 12115 for a initial target of 12280 - 12320 and sustaining / closing above 12320 we can see a further move till 12460 - 12610 .  
  • Nifty shorts will get confirmed with a consecutive close below 11810 for  a initial target of 11645 - 11605 and sustaining / closing below 11605 we can see a further move till 11465 - 11315 .
Nifty had triggered our shorts and also completed our initial targets with a low of 11614.50 . Sustaining / closing below 11605 was required for a further correction towards 11465 - 11315. Holding above 11605 we saw a pullback towards 12250 levels.

Nifty made a low of 11536.70 after again closing below 11810 in today's session but managed to close above 11605 as we saw some short covering due to monthly expiry


Now sustaining below 11605 we can see a further correction towards 11465 - 11315 . 



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, 26 February 2020

Bank Nifty Spot Outlook for 27th Feb

In the previous session : 



Bank Nifty went up by 83 points then went down 300 points before finally closing lower by 125 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 and had corrected by 2850+ points from that high. Post the correction till 29612.55 we have now seen a bounce of 1500 points .




On 26th Feb :

Bank Nifty triggered our short trade and did 200 points. 


For 27th Feb  :

Sustaining above 30390 enter for 30445 - 30500 - 30660 , SL 30330

Sustaining below 30220 enter for 30170 - 30110 - 29955 , SL 30280



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 31320 for a initial target of 31840 - 31970 and sustaining / closing above 31970 we can see a further move till 32415 - 32900 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 30345 for  a initial target of 29830 - 29700 and sustaining / closing below 29700 we can see a further move till 29255 - 28765.

Earlier in the month Bank Nifty had triggered our monthly shorts and completed our initial targets with a low of 29613. For a further correction Bank Nifty had to give a close below 29700 and holding 29700 on closing basis we were expecting a bounce and Bank held 29700 on closing and we saw a bounce till above 31650 levels giving 1900 points . 

Post the stupendous upmove we saw Bank Nifty correct from 31650 to 30250 levels but it held 30345 on closing and again bounced till 30950 levels. 

Now in the coming session Bank Nifty has to sustain above 30250 to expect a bounce towards 30500 - 30600 levels and breaking and sustaining below 30250 we can see a move towards 29830 -  29700 levels again. 


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 27th Feb

In the previous session : 



Nifty went down by 158 points before closing lower by 119 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 saw a correction till 11614.50 . 


On 26th Feb :

Nifty initially triggered our short trade and did 120 points . We were expecting a decisive move after the indecisive stoploss hitting day on Tuesday


For 27th Feb  :

Sustaining above 11715 enter for 11735 - 11760 - 11830 , SL 11690

Sustaining below 11640 enter for 11620 - 11595 - 11530 , SL 11665






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 :
  • Nifty longs will get confirmed with a consecutive close above 12115 for a initial target of 12280 - 12320 and sustaining / closing above 12320 we can see a further move till 12460 - 12610 .  
  • Nifty shorts will get confirmed with a consecutive close below 11810 for  a initial target of 11645 - 11605 and sustaining / closing below 11605 we can see a further move till 11465 - 11315 .
Nifty had triggered our shorts and also completed our initial targets with a low of 11614.50 . Sustaining / closing below 11605 was required for a further correction towards 11465 - 11315. Holding above 11605 we saw a pullback towards 12250 levels.

Nifty made a low of 11639.60 after sustaining below 11810 in the previous session. 

Now it needs to hold above 11605 for a bounce back towards 11775 - 11825 zone.



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.

Tuesday, 25 February 2020

Bank Nifty Spot Outlook for 26th Feb

In the previous session : 



Bank Nifty went up by 155 points then went down 125 points before finally closing lower by 22 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 and had corrected by 2850+ points from that high. Post the correction till 29612.55 we have now seen a bounce of 1500 points .




On 25th Feb :

Bank Nifty initially triggered our long trade and took our stoploss . Post that Bank Nifty triggered our short trade and again took our stoploss . Bank Nifty indicated indecisiveness today and we can see it take a decisive direction in the coming session. 


For 26th Feb  :

Sustaining above 30525 enter for 30580 - 30650 - 30825 , SL 30460

Sustaining below 30340 enter for 30285 - 30220 - 30040 , SL 30405



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 31320 for a initial target of 31840 - 31970 and sustaining / closing above 31970 we can see a further move till 32415 - 32900 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 30345 for  a initial target of 29830 - 29700 and sustaining / closing below 29700 we can see a further move till 29255 - 28765.

Earlier in the month Bank Nifty had triggered our monthly shorts and completed our initial targets with a low of 29613. For a further correction Bank Nifty had to give a close below 29700 and holding 29700 on closing basis we were expecting a bounce and Bank held 29700 on closing and we saw a bounce till above 31650 levels giving 1900 points . 

Post the stupendous upmove we saw Bank Nifty correct from 31650 to 30250 levels but it held 30345 on closing and again bounced till 30950 levels. 

Now in the coming session Bank Nifty has to sustain above 30250 to expect a bounce again and breaking and sustaining below 30250 we can see a move towards 29830 -  29700 levels again. 


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 26th Feb

In the previous session : 



Nifty went up by 54 points then went down by 50 points before closing lower by 31 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 saw a correction till 11614.50 . 


On 25th Feb :

Nifty initially triggered our long trade and took our stoploss . Nifty then triggered our short trade again took our stoploss . Nifty indicated indecisiveness today and we can expect a decisive move in the next session. 


For 26th Feb  :

Sustaining above 11835 enter for 11860 - 11890 - 11960 , SL 11810

Sustaining below 11760 enter for 11735 - 11710 - 11635 , SL 11785






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 :
  • Nifty longs will get confirmed with a consecutive close above 12115 for a initial target of 12280 - 12320 and sustaining / closing above 12320 we can see a further move till 12460 - 12610 .  
  • Nifty shorts will get confirmed with a consecutive close below 11810 for  a initial target of 11645 - 11605 and sustaining / closing below 11605 we can see a further move till 11465 - 11315 .
Nifty had triggered our shorts and also completed our initial targets with a low of 11614.50 . Sustaining / closing below 11605 was required for a further correction towards 11465 - 11315. Holding above 11605 we saw a pullback towards 12250 levels.

Nifty now needs to hold above 11810 in the coming session to expect a bounce else sustaining/closing below 11810 we can see a further correction till 11735 - 11690. 



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, 24 February 2020

Bank Nifty Spot Outlook for 25th Feb

In the previous session : 



Bank Nifty went down by 515 points before finally closing lower by 488 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 and had corrected by 2850+ points from that high. Post the correction till 29612.55 we have now seen a bounce of 1500 points .




On 24th Feb :

Bank Nifty triggered our short trade and did 250 points .  


For 25th Feb  :

Sustaining above 30555 enter for 30620 - 30690 - 30880 , SL 30485

Sustaining below 30355 enter for 30295 - 30220 - 30030 , SL 30425



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 31320 for a initial target of 31840 - 31970 and sustaining / closing above 31970 we can see a further move till 32415 - 32900 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 30345 for  a initial target of 29830 - 29700 and sustaining / closing below 29700 we can see a further move till 29255 - 28765.

Earlier in the month Bank Nifty had triggered our monthly shorts and completed our initial targets with a low of 29613. For a further correction Bank Nifty had to give a close below 29700 and holding 29700 on closing basis we were expecting a bounce and Bank held 29700 on closing and we saw a bounce till above 31650 levels giving 1900 points . 

Post the stupendous upmove we saw Bank Nifty correct from 31650 to 30250 levels but it held 30345 on closing and again bounced till 30950 levels. 

Now in the coming session Bank Nifty has to sustain above 30250 to expect a bounce again and breaking and sustaining below 30250 we can see a move towards 29830 -  29700 levels again. 


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.