Friday, 1 September 2017

Nifty Spot Outlook for 01st Sep

NIFTY


Nifty spot opened at 9905.70 and made a low of 9856.95 , it made a high of 9925.10, before closing at 9917.90 .

Had mentioned that long positions for the day can be taken above 9915 and short positions can be taken below 9855 . Nifty triggered our long trade in the second half but could not complete any target . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9855 to test 9830 - 9820 initially and sustaining below it we can see a test of 9795 - 9770 . Breaking and sustaining above 9915 we can see a bounce till 9940 - 9950 initially and breaking and sustaining above it we can see a test of 9970 10000 " , and we saw Nifty make a low of 9856.95 and reverse from just above our short trigger and bounce till 9925.10 today . Now in the coming session Nifty needs to break and sustain below 9890 to test  9860 - 9855 initially and sustaining below it we can see a test of 9830 - 9805  . Breaking and sustaining above 9945 we see a bounce till 9975 - 9980 initially and breaking and sustaining above it we can see a test of  10005 - 10035. 


Nifty Spot Levels for the day are

Long above 9945 for 9960 - 9980 - 10035 , SL 9910

Short below 9890 for 9875 - 9855 - 9805 , SL 9926

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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.