Wednesday, 6 September 2017

Nifty Spot Outlook for 07th Sep

NIFTY


Nifty spot opened at 9899.25 and made a low of 9882.55 , it made a high of 9931.55, before closing at 9916.20 .

Had mentioned that long positions for the day can be taken above 9980 and short positions can be taken below 9925 . Nifty triggered our short trade and completed 2 targets . 

Had mentioned in the previous post " 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 can see a bounce till 10005 - 10010 initially and breaking and sustaining above it we can see a test of 10035 10060 " , and we saw Nifty make a low of 9882.55 for the day .  Now in the coming session Nifty needs to break and sustain below 9890 to test  9870 - 9860 initially and sustaining below it we can see a test of 9840 - 9815  . Breaking and sustaining above 9940 we see a bounce till 9965 - 9975 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 - 9975 - 10020 , SL 9910

Short below 9895 for 9880 - 9860 - 9815 , SL 9925

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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.