Tuesday, 5 September 2017

Bank Nifty Spot Outlook for 06th Sep

BANK NIFTY


Bank Nifty spot opened at 24272.60 , made a low of 24256.30 and then made a high of 24388.05 ,  before closing at 24328.30 .

Had mentioned that long positions for the day can be taken above 24305 and short positions for the day can be taken below 24170 . Bank Nifty triggered our long trade completed nearly 2 targets missing the 2nd one by just 2 points .

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24170 can test 24100 - 24085 and on sustaining below it we can see a further test of 24025 - 23960 next Similarly in the coming session Bank Nifty breaking and sustaining above 24305 we can see a test of 24375 - 24390 initially and breaking and sustaining above it we can see a further move till 24450 - 24515 next . "  , and we saw Bank Nifty make a high of 24388.05   . Now in the coming session Bank Nifty breaking and sustaining below 24260 can test 24190 - 24175 and on sustaining below it we can see a further test of 24115 - 24045 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24395 we can see a test of 24465 - 24485 initially and breaking and sustaining above it we can see a further move till 24545 - 24610 next . 


Bank Nifty Spot Levels for the day are

Long above 24395 for 24435 
– 24485 – 24610 , SL 24305

Short below 24260 for 24220 – 24175 – 24045 , SL 24350

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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.