Sunday, 16 July 2017

Nifty Spot Outlook for 17th Jul

NIFTY


Nifty spot opened at 9913.30 a new life time high and also the high for the day and then made a low of 9845.45 before closing at 9886.35 .

Had mentioned that long positions for the day can be taken above 9907 and short positions for the day can be taken below 9877 . Nifty triggered our long trade at opening but did not complete any target . Nifty then reversed and triggered our short trade and completed 2 short targets for the day. Nifty had triggered our weekly longs last week  and had completed all our weekly long targets . 


Nifty now in the coming sessions needs to break and sustain / close above 9925 to test 9965 - 9975 levels initially and above it we can see a test of 10010 - 10045 levels . Similarly now breaking and sustaining / closing below 9849 we can see a test of 9810 - 9800 initially and below it we can see a test of 9765 - 9730 levels  . Those who are holding longs should now move up their trailing cbsl to 9845 . 


Nifty Spot Levels for the day are

Long above 9900 for 9909 - 9919 - 9946 , SL 9882

Short below 9872 for 9864 - 9854 - 9827 , SL 9891

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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