Monday, 25 September 2017

Bank Nifty Spot Outlook for 26th Sep

BANK NIFTY


Bank Nifty spot opened at 24361.55 ,made a high of 24363.80 , it made a low of 24015.45,  before closing at 24165.05  

Had mentioned that long positions for the day can be taken above 24435 and short positions for the day can be taken below 24305 . Bank Nifty triggered our short trade and completed all our short targets for the day giving nearly 300 points. Bank Nifty also triggered our weekly short trade and completed our initial 3 weekly short targets . Further correction can be expected in the coming sessions on sustaining / closing below 23965 . Holding the same we can see a move till 24350 - 24400 .

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24305 can test 24235 - 24215 and on sustaining below it we can see a further test of 24155 - 24090 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24435 we can see a test of 24505 - 24525 initially and breaking and sustaining above it we can see a further move till 24585 - 24650 next . "  , and we saw Bank Nifty make a low of 24015.45 as it triggered our weekly short trade also on sustaining below 24195  . Now in the coming session Bank Nifty breaking and sustaining below 24100 can test 24030- 24015 and on sustaining below it we can see a further test of 23955 - 23890 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24230 we can see a test of 24300 - 24315 initially and breaking and sustaining above it we can see a further move till 24375 - 24440 next . 


Bank Nifty Spot Levels for the day are

Long above 24230 for 24270 
– 24315 – 24440 , SL 24145

Short below 24100 for 24060 – 24015 – 23890 , SL 24185

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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.