Monday, 24 July 2017

Nifty Spot Outlook for 25th Jul

NIFTY


Nifty spot opened at 9936.80 , made a low of 9919.60 , made a high at 9982.05 , before closing at 9966.40 . 

Had mentioned that long positions for the day can be taken above 9935 and short positions for the day can be taken below 9895 . Nifty triggered our long trade and missed our last daily target by 13 points . Nifty also triggered our weekly long trade today and has closed above our confirmation level .   


Had mentioned in the previous post " 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 . " , and today Nifty has managed to give a close just above 9965 and holding the same we can see a test of the initial resistance levels .


Nifty Spot Levels for the day are

Long above 9985 for 9997 - 10011 - 10045 , SL 9960

Short below 9947 for 9935 - 9922 - 9885 , SL 9972

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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