Monday, 4 September 2017

Nifty Spot Outlook for 05th Sep

NIFTY


Nifty spot opened at 9984.15 and made a high of 9988.40 , it made a low of 9861, before closing at 9912.85 .

Had mentioned that long positions for the day can be taken above 10000 and short positions can be taken below 9950 . Nifty triggered our short trade and completed all 3 targets giving nearly 90 points . Nifty also triggered our weekly shorts and completed our initial 3 targets . 

Had mentioned in the previous post " 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 can see a bounce till 10030 - 10035 initially and breaking and sustaining above it we can see a test of 10060 10085 " , and we saw Nifty make a low of 9861 for the day .  Now in the coming session Nifty needs to break and sustain below 9885 to test  9860 - 9855 initially and sustaining below it we can see a test of 9835 - 9810  . Breaking and sustaining above 9940 we see a bounce till 9965 - 9970 initially and breaking and sustaining above it we can see a test of  9995 - 10020 . 


Nifty Spot Levels for the day are

Long above 9940 for 9955 - 9970 - 10020 , SL 9905

Short below 9885 for 9870 - 9855 - 9810 , SL 9920

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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.