Thursday, 17 August 2017

Nifty Spot Outlook for 18th Aug

NIFTY


Nifty spot opened at 9945.55 and made a high of 9947.80 , it made a low of 9883.75, before closing at 9904.15

Had mentioned that long positions for the day can be taken above 9925 and short positions can be taken below 9870 . Nifty opened above our 1st long target for the day and did not give a good entry for longs . Later it took our SL for the day too .  Nifty had also triggered our weekly long trade this week and today it completed all our targets with the gap up opening  . 


Had mentioned in the previous post " 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 can see a bounce till 9955 - 9965 initially and breaking and sustaining above it we can see a test of 9990 - 10020 " , and today we saw Nifty make a high of 9947.80 immediately after opening and drift lower being unable to break above 9955 - 9965 . Now in the coming session Nifty needs to break and sustain below 9875 to test  9845 - 9835 initially and sustaining below it we can see a test of 9810 - 9785  . Breaking and sustaining above 9935 we see a bounce till 9965 - 9970 initially and breaking and sustaining above it we can see a test of  9995 - 10025 . 


Nifty Spot Levels for the day are

Long above 9935  for 9950 - 9970 - 10025 , SL 9895

Short below 9875 for 9860 - 9840 - 9785 , SL 9915

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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.