Monday, 18 September 2017

Bank Nifty Spot Outlook for 19th Sep

BANK NIFTY


Bank Nifty spot opened at 24948.15 ,made a low of 24941.75 , it made a high of 25105.35,  before closing at 25046.90

Had mentioned that long positions for the day can be taken above 24885 and short positions for the day can be taken below 24805 . Bank Nifty triggered our long trade and completed all our daily targets . Bank Nifty also triggered our weekly long trade and completed 4 targets . 

Had mentioned in the previous post " 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 . "  , and we saw Bank Nifty make a high of 25105.35 above our next resistance range for the day . Now in the coming session Bank Nifty breaking and sustaining below 25005 can test 24960- 24950 and on sustaining below it we can see a further test of 24910 - 24870 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25090 we can see a test of 25135 - 25145 initially and breaking and sustaining above it we can see a further move till 25185 - 25225 next . 


Bank Nifty Spot Levels for the day are

Long above 25090 for 25115 
– 25145 – 25225 , SL 25035

Short below 25005 for 24980 – 24950 – 24870 , SL 25060

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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.