Wednesday, 20 September 2017

Bank Nifty Spot Outlook for 21st Sep

BANK NIFTY


Bank Nifty spot opened at 24984.50 ,made a high of 25052.60 , it made a low of 24938.30,  before closing at 24965.05 

Had mentioned that long positions for the day can be taken above 25085 and short positions for the day can be taken below 25000 . Bank Nifty triggered our short trade and completed 2 targets . 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 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 . "  , and we saw Bank Nifty make a low of 24938.30 just below our initial support . Now in the coming session Bank Nifty breaking and sustaining below 24920 can test 24875- 24860 and on sustaining below it we can see a further test of 24820 - 24775 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25010 we can see a test of 25055 - 25070 initially and breaking and sustaining above it we can see a further move till 25110 - 25155 next . 


Bank Nifty Spot Levels for the day are

Long above 25010 for 25040 
– 25070 – 25155 , SL 24950

Short below 24920 for 24895 – 24860 – 24775 , SL 24980

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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.