Nifty spot opened at 9855.80 , made a low of 9853.45 and then made a new life time high of 9897.25 before closing at 9891.70 which is a new record high closing again.
Had mentioned that long positions for the day can be taken above 9831 and short positions for the day can be taken below 9802 . Nifty triggered our long trade and completed all targets for the day. Nifty had triggered our weekly longs this week and has completed all our weekly long targets . Nifty weekly longs has so far given nearly 150+ points . Nifty has closed closer to 9900 today which is also a new record high.
As mentioned previously " Nifty now needs to break and sustain above 9710 to test 9750 - 9770 levels initially and above it we can see a test of 9830 - 9850 levels . Similarly now breaking and sustaining / closing below 9625 we can see a test again of 9580 - 9570 initially and below it we can see a test of 9510 - 9490 levels " , and today Nifty broke above 9850 and also made a high at 9897.25 just 3 points short of 9900. Those who are holding longs should now move up their trailing cbsl to 9830 .
For today if Nifty spot sustains above 9907 we can see a initial move on the upside till 9923 & on sustaining above 9927 we may see further move till 9956. Similarly if Nifty spot sustains below 9877 we may see a initial move on the downside till 9861 & on sustaining below 9857 we may see a further move till 9828
Nifty Spot Levels for the day are
Long above 9907 for 9916 - 9927 - 9956 , SL 9887
Short below 9877 for 9867 - 9857 - 9828 , SL 9896
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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