Monday, 4 September 2017

Nifty Spot Outlook for 04th Sep

NIFTY


Nifty spot opened at 9937.65 and made a low of 9909.85 , it made a high of 9983.45, before closing at 9974.40 .

Had mentioned that long positions for the day can be taken above 9945 and short positions can be taken below 9890 . Nifty triggered our long trade and completed 2 targets . Nifty also triggered our weekly longs and completed our initial 3 targets giving nearly 80 points . 

Had mentioned in the previous post " 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 can see a bounce till 9975 - 9980 initially and breaking and sustaining above it we can see a test of 10005 10035 " , and we saw Nifty make a high of 9983.45 just above our initial resistance zone .  Now in the coming session Nifty needs to break and sustain below 9950 to test  9920 - 9915 initially and sustaining below it we can see a test of 9890 - 9865  . Breaking and sustaining above 10000 we see a bounce till 10030 - 10035 initially and breaking and sustaining above it we can see a test of  10060 - 10085. 


Nifty Spot Levels for the day are

Long above 10000 for 10020 - 10035 - 10085 , SL 9965

Short below 9950 for 9930 - 9915 - 9865 , SL 9985

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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.