Sunday, 23 July 2017

Nifty Spot Outlook for 24th Jul

NIFTY


Nifty spot opened at 9899.60 , made a low of 9838 , made a high at 9924.70 , before closing at 9915.25. 

Had mentioned that long positions for the day can be taken above 9895 and short positions for the day can be taken below 9852 . Nifty triggered our long trade at opening and reversed taking our SL . It then triggered our short trade and completed just 1 target before taking our TSL . Nifty again triggered our long and completed 2 targets . Overall it was a choppy day of trade .  


Had mentioned last 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  .  " and Nifty could not sustain above 9925 in the previous week .  


Nifty now in the coming sessions needs to break and sustain above 9965 to test 10015 - 10030 levels initially and above it we can see a test of 10075 -10125 . Similarly now breaking and sustaining / closing 9865 we can see a test of 9815 - 9800 levels initially and below it we can see  a test of 9755 - 9705 levels . 


Nifty Spot Levels for the day are

Long above 9935 for 9945 - 9958 - 9995 , SL 9910

Short below 9895 for 9885 - 9872 - 9835 , SL 9920

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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