Tuesday, 18 July 2017

Nifty Spot Outlook for 19th Jul

NIFTY


Nifty spot opened at 9832.70 , made a low of 9792.05 , made a high at 9885.35 , before closing at 9827.15 . 

Had mentioned that long positions for the day can be taken above 9929 and short positions for the day can be taken below 9903 . Nifty triggered our short trade by opening below our last target for the day . Nifty also triggered our weekly short trade and completed 3 iniital targets giving around 40 points from the weekly short trade .   


Had mentioned at the beginning of this week " 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 . " Today Nifty broke and sustained below 9849 after being unable to sustain above 9925 in the previous session and tested our initial levels of 9810 - 9800 . Nifty also took our trailing cbsl at 9845 today for positional longs entered near 9600 . Now in the coming session Nifty needs to break and sustain below 9810 - 9800 to make a move towards our next immediate targets of 9765 - 9730 on the downside . 


Nifty Spot Levels for the day are

Long above 9847 for 9859 - 9873 - 9911 , SL 9821

Short below 9807 for 9795 - 9781 - 9743 , SL 9833

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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