Monday, 11 September 2017

Bank Nifty Spot Outlook for 12th Sep

BANK NIFTY


Bank Nifty spot opened at 24468.50 ,made a low of 24458.25, it made a high of 24708.55 ,  before closing at 24672.25

Had mentioned that long positions for the day can be taken above 24425 and short positions for the day can be taken below 24320 . Bank Nifty triggered our long trade and completed all our targets giving 150+ points . Bank Nifty also triggered our weekly long trade and those held on the trade following weekly levels would have got 250+ points . 

Had mentioned in the previous post " 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 . "  , and we saw Bank Nifty make a high of 24708.55 moving beyond our last target for the day as our weekly long trade also got confirmed . Now in the coming session Bank Nifty breaking and sustaining below 24620 can test 24570 - 24555 and on sustaining below it we can see a further test of 24505 - 24455 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24725 we can see a test of 24780 - 24790 initially and breaking and sustaining above it we can see a further move till 24840 - 24890 next . 


Bank Nifty Spot Levels for the day are

Long above 24725 for 24755 
– 24790 – 24890 , SL 24655

Short below 24620 for 24590 – 24555 – 24455 , SL 24690

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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.