Thursday, 14 September 2017

Bank Nifty Spot Outlook for 15th Sep

BANK NIFTY


Bank Nifty spot opened at 24857.25 ,made a low of 24815.50 , it made a high of 24994.30,  before closing at 24912.25

Had mentioned that long positions for the day can be taken above 24880 and short positions for the day can be taken below 24780 . Bank Nifty triggered our long trade and completed 2 targets giving 75+ points . Bank Nifty had also triggered our weekly long trade this week and 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 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 . "  , and we saw Bank Nifty make a high of 24994.30 within our next resistance range on sustaining above 24880 . Now in the coming session Bank Nifty breaking and sustaining below 24865 can test 24810 - 24800 and on sustaining below it we can see a further test of 24755 - 24705 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24960 we can see a test of 25015 - 25025 initially and breaking and sustaining above it we can see a further move till 25070 - 25120 next . 


Bank Nifty Spot Levels for the day are

Long above 24960 for 24990 
– 25025 – 25120 , SL 24895

Short below 24865 for 24835 – 24800 – 24705 , SL 24930

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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.