Thursday, 7 September 2017

Bank Nifty Spot Outlook for 08th Sep

BANK NIFTY


Bank Nifty spot opened at 24324.85 , made a high of 24413.10 and then made a low of 24246.90 ,  before closing at 24304.90 .

Had mentioned that long positions for the day can be taken above 24335 and short positions for the day can be taken below 24225 . Bank Nifty triggered our long trade and completed 2 targets .

Had mentioned in the previous post " 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 . "  , and we saw Bank Nifty make a high of 24413.10 . Now in the coming session Bank Nifty breaking and sustaining below 24250 can test 24195 - 24185 and on sustaining below it we can see a further test of 24135 - 24085 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24360 we can see a test of 24415 - 24425 initially and breaking and sustaining above it we can see a further move till 24475 - 24525 next . 


Bank Nifty Spot Levels for the day are

Long above 24360 for 24390 
– 24425 – 24525 , SL 24290

Short below 24250 for 24220 – 24185 – 24085 , SL 24320

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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.