Thursday, 21 September 2017

Bank Nifty Spot Outlook for 22nd Sep

BANK NIFTY


Bank Nifty spot opened at 24934.10 ,made a high of 24992.50 , it made a low of 24706.45,  before closing at 24799.25  

Had mentioned that long positions for the day can be taken above 25010 and short positions for the day can be taken below 24920 . Bank Nifty triggered our short trade and completed all our short 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 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 . "  , and we saw Bank Nifty make a low of 24706.45 on sustaining below 24920 today . Now in the coming session Bank Nifty breaking and sustaining below 24745 can test 24690- 24675 and on sustaining below it we can see a further test of 24630 - 24575 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24855 we can see a test of 24910 - 24920 initially and breaking and sustaining above it we can see a further move till 24970 - 25025 next . 


Bank Nifty Spot Levels for the day are

Long above 24855 for 24885 
– 24920 – 25025 , SL 24780

Short below 24745 for 24715 – 24675 – 24575 , SL 24815

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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.