Tuesday, 26 September 2017

Bank Nifty Spot Outlook for 27th Sep

BANK NIFTY


Bank Nifty spot opened at 24105.60 ,made a low of 24017.40 , it made a high of 24236.95,  before closing at 24199.15  

Had mentioned that long positions for the day can be taken above 24230 and short positions for the day can be taken below 24100 . Bank Nifty triggered our short trade and completed 2 short targets for the day giving 80 points. Bank Nifty had also triggered our weekly short trade on Monday 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 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 . "  , and we saw Bank Nifty make a low of 24017.40 on sustaining below 24100  . Now in the coming session Bank Nifty breaking and sustaining below 24135 can test 24065- 24050 and on sustaining below it we can see a further test of 23990 - 23925 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24265 we can see a test of 24335 - 24350 initially and breaking and sustaining above it we can see a further move till 24410 - 24475 next . 


Bank Nifty Spot Levels for the day are

Long above 24265 for 24305 
– 24350 – 24475 , SL 24180

Short below 24135 for 24095 – 24050 – 23925 , SL 24220

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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.