Wednesday, 6 September 2017

Bank Nifty Spot Outlook for 07th Sep

BANK NIFTY


Bank Nifty spot opened at 24192.40 , made a low of 24151.10 and then made a high of 24331.30 ,  before closing at 24279.15.

Had mentioned that long positions for the day can be taken above 24395 and short positions for the day can be taken below 24260 . Bank Nifty triggered our short trade and completed 2 targets .

Had mentioned in the previous post " 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 . "  , and we saw Bank Nifty make a low of 24151.10 . Now in the coming session Bank Nifty breaking and sustaining below 24225 can test 24170 - 24155 and on sustaining below it we can see a further test of 24110 - 24060 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24335 we can see a test of 24385 - 24400 initially and breaking and sustaining above it we can see a further move till 24450 - 24500 next . 


Bank Nifty Spot Levels for the day are

Long above 24335 for 24365 
– 24400 – 24500 , SL 24265

Short below 24225 for 24195 – 24155 – 24060 , SL 24295

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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.