Tuesday, 5 September 2017

Nifty Spot Outlook for 06th Sep

NIFTY


Nifty spot opened at 9933.25 and made a low of 9901 , it made a high of 9963.10, before closing at 9952.20 .

Had mentioned that long positions for the day can be taken above 9940 and short positions can be taken below 9885 . Nifty triggered our long trade and completed just 1 target . 

Had mentioned in the previous post " 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 can see a bounce till 9965 - 9970 initially and breaking and sustaining above it we can see a test of 9995 10020 " , and we saw Nifty make a high of 9963.10 for the day .  Now in the coming session Nifty needs to break and sustain below 9925 to test  9900 - 9895 initially and sustaining below it we can see a test of 9870 - 9845  . Breaking and sustaining above 9980 we see a bounce till 10005 - 10010 initially and breaking and sustaining above it we can see a test of  10035 - 10060 . 


Nifty Spot Levels for the day are

Long above 9980 for 9995 - 10010 - 10060 , SL 9945

Short below 9925 for 9910 - 9895 - 9845 , SL 9960

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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.