Tuesday, 29 August 2017

Bank Nifty Spot Outlook for 29th Aug

BANK NIFTY


Bank Nifty spot opened at 24351.25 , made a low of 24301.35 , it made a high of 24422.45 before closing at 24377.10 .

Had mentioned that long positions for the day can be taken above 24355 and short positions for the day can be taken below 24195 . Bank Nifty triggered our long trade and completed just 1 target . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24195 can test 24110 - 24090 and on sustaining below it we can see a further test of 24020 - 23940 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24355 we can see a test of 24435 - 24460 initially and breaking and sustaining above it we can see a further move till 24530 - 24610 next . "  , and we saw Bank Nifty make high of 24422.45 just below 24435 on sustaining above 24355 .  Now in the coming session Bank Nifty breaking and sustaining below 24305 can test 24230 - 24210 and on sustaining below it we can see a further test of 24140 - 24070 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24450 we can see a test of 24525 - 24545 initially and breaking and sustaining above it we can see a further move till 24615 - 24685 next . 


Bank Nifty Spot Levels for the day are

Long above 24450 for 24495 
– 24545 – 24685 , SL 24355

Short below 24305 for 24260 – 24210 – 24070 , SL 24400

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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.