Monday, 11 September 2017

Nifty Spot Outlook for 12th Sep

NIFTY


Nifty spot opened at 9971.75 and made a low of 9968.80 , it made a high of 10028.65, before closing at 10006.05 

Had mentioned that long positions for the day can be taken above 9960 and short positions can be taken below 9910 . Nifty triggered our long trade and missed our last target by 7 points giving around 50+ points  .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9910 to test 9890 - 9880 initially and sustaining below it we can see a test of 9860 - 9835 . Breaking and sustaining above 9960 we can see a bounce till 9980 - 9990 initially and breaking and sustaining above it we can see a test of 10010 10035 . Nifty has been trading in a narrow range for the past few sessions and we can expect a break of this range this week . Those who enter positions should watch weekly levels too for follow up " , and we saw Nifty sustain above 9960 and make a high of 10028.65 . Now in the coming session Nifty needs to break and sustain below 9990 to test  9970 - 9965 initially and sustaining below it we can see a test of 9950 - 9930  . Breaking and sustaining above 10025 we can see a bounce till 10045 - 10050 initially and breaking and sustaining above it we can see a test of  10065 - 10080 .. 


Nifty Spot Levels for the day are

Long above 10025 for 10035 - 10050 - 10080 , SL 10000

Short below 9990 for 9980 - 9965 - 9930 , SL 10010

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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.