Sunday, 17 September 2017

Bank Nifty Spot Outlook for 18th Sep

BANK NIFTY


Bank Nifty spot opened at 24840.30 ,made a low of 24791.55 , it made a high of 24916.85,  before closing at 24844.30

Had mentioned that long positions for the day can be taken above 24960 and short positions for the day can be taken below 24865 . Bank Nifty triggered our short trade and completed 2 targets giving 70 points . 

Had mentioned in the previous post " 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 . "  , and we saw Bank Nifty make a low of 24791.55 near our support range on sustaining below 24865 . Now in the coming session Bank Nifty breaking and sustaining below 24805 can test 24765 - 24755 and on sustaining below it we can see a further test of 24720 - 24680 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24885 we can see a test of 24925 - 24935 initially and breaking and sustaining above it we can see a further move till 24970 - 25010 next . 


Bank Nifty Spot Levels for the day are

Long above 24885 for 24910 
– 24935 – 25010 , SL 24830

Short below 24805 for 24780 – 24755 – 24680 , SL 24855

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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.