Tuesday, 19 September 2017

Bank Nifty Spot Outlook for 20th Sep

BANK NIFTY


Bank Nifty spot opened at 25059.75 ,made a low of 24993 , it made a high of 25103.45,  before closing at 25041.55 

Had mentioned that long positions for the day can be taken above 25090 and short positions for the day can be taken below 25005 . Bank Nifty triggered our short trade initially but could not complete any targets . It then triggered our long trade and again could not complete any targets for the day . Bank Nifty had triggered our weekly long trade this week and completed 4 weekly long targets . 

Had mentioned in the previous post " 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 . "  , and we saw Bank Nifty break both 25005 and 25090 but it could not sustain either side indicating indecisiveness . Now in the coming session Bank Nifty breaking and sustaining below 25000 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 25085 we can see a test of 25125 - 25135 initially and breaking and sustaining above it we can see a further move till 25175 - 25215 next . 


Bank Nifty Spot Levels for the day are

Long above 25085 for 25110 
– 25135 – 25215 , SL 25030

Short below 25000 for 24975 – 24950 – 24870 , SL 25055

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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.