Wednesday, 16 August 2017

Nifty Spot Outlook for 17th Aug

NIFTY


Nifty spot opened at 9825.85 and made a low of 9773.85 , it made a high of 9903.95, before closing at 9897.30

Had mentioned that long positions for the day can be taken above 9820 and short positions can be taken below 9770 . Nifty triggered our long trade for the day and completed all out daily targets giving around 75 points . Nifty had also triggered our weeky long trade this week and today it completed 5 weekly long targets . 


Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9770 to test 9745 - 9740 initially and sustaining below it we can see a test of 9715 - 9695. Breaking and sustaining above 9820 we can see a bounce till 9845 - 9850 initially and breaking and sustaining above it we can see a test of 9870 - 9895 " , and today we saw Nifty make a high of 9903.95 on sustaining above 9820 and closed just above 9895 too . Now in the coming session Nifty needs to break and sustain below 9868 to test  9835 - 9830 initially and sustaining below it we can see a test of 9805 - 9775  . Breaking and sustaining above 9925 we see a bounce till 9955 - 9965 initially and breaking and sustaining above it we can see a test of  9990 - 10020 . 


Nifty Spot Levels for the day are

Long above 9925  for 9945 - 9965 - 10020 , SL 9888

Short below 9870 for 9850 - 9830 - 9775 , SL 9906

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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.