Sunday, 13 August 2017

Bank Nifty Spot Outlook for 14th Aug

BANK NIFTY


Bank Nifty spot opened at 23958.25 , made a high of 24191.20 , it made a low of 23868.30 before closing at 23985.75  .

Had mentioned that long positions for the day can be taken above 24295 and short positions for the day can be taken below 24140 . Bank Nifty triggered our short trade and completed all targets . Bank Nifty had also triggered our weekly shorts below 24630 in the previous session and  completed all our weekly short targets and exceeded it too .

Had mentioned in the previous post " Now in the coming session Bank Nifty sustaining below 23985 can test 23800 - 23750 next . Holding on to 23985 we can see a bounce back till 24365 - 24420 initially and above it till 24580 - 24630 next ." , Bank Nifty made a low of 23868.30 and just managed to hold 23985 at closing .  Now in the coming session Bank Nifty breaking and sustaining below 23920 can test 23835 - 23815 and on sustaining below it we can see a further test of 23640 - 23595 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24050 we can see a test of 24135 - 24155 initially and breaking and sustaining above it we can see a further move till 24330 - 24375 next .


Bank Nifty Spot Levels for the day are

Long above 24050 for 24090 
– 24135 – 24255 , SL 23965

Short below 23920 for 23885 – 23840 – 23715 , SL 24005

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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.