Wednesday, 13 September 2017

Bank Nifty Spot Outlook for 14th Sep

BANK NIFTY


Bank Nifty spot opened at 24818.35 ,made a low of 24737.80, it made a high of 24948.80,  before closing at 24831.80

Had mentioned that long positions for the day can be taken above 24835 and short positions for the day can be taken below 24735 . Bank Nifty triggered our long trade and completed 2 targets giving 65+ points . Bank Nifty had also triggered our weekly long trade this week and today completed our last weekly long target giving around 440+ points from the weekly long trade . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24735 can test 24685 - 24670 and on sustaining below it we can see a further test of 24625 - 24575 next Similarly in the coming session Bank Nifty breaking and sustaining above 24835 we can see a test of 24885 - 24900 initially and breaking and sustaining above it we can see a further move till 24945 - 24995 next . "  , and we saw Bank Nifty make a high of 24948.80 within our next resistance range on sustaining above 24835 . Now in the coming session Bank Nifty breaking and sustaining below 24780 can test 24730 - 24715 and on sustaining below it we can see a further test of 24675 - 24625 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24880 we can see a test of 24935 - 24945 initially and breaking and sustaining above it we can see a further move till 24990 - 25040 next . 


Bank Nifty Spot Levels for the day are

Long above 24880 for 24910 
– 24945 – 25040 , SL 24815

Short below 24780 for 24750 – 24715 – 24625 , SL 24845

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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.