Sunday, 10 September 2017

Bank Nifty Spot Outlook for 11th Sep

BANK NIFTY


Bank Nifty spot opened at 24409.50 ,made a high of 24419.25, it made a low of 24273 ,  before closing at 24370.80

Had mentioned that long positions for the day can be taken above 24360 and short positions for the day can be taken below 24250 . Bank Nifty triggered our long trade and missed our 2nd target by 5 points .

Had mentioned in the previous post " 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 . "  , and we saw Bank Nifty make a high of 24419.25 within out initial targets . Now in the coming session Bank Nifty breaking and sustaining below 24320 can test 24265 - 24250 and on sustaining below it we can see a further test of 24205 - 24155 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24425 we can see a test of 24475 - 24490 initially and breaking and sustaining above it we can see a further move till 24540 - 24590 next . 


Bank Nifty Spot Levels for the day are

Long above 24425 for 24455 
– 24490 – 24590 , SL 24355

Short below 24320 for 24290 – 24250 – 24155 , SL 24385

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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.