Monday, 2 October 2017

Bank Nifty Spot Outlook for 03rd Oct

BANK NIFTY


Bank Nifty spot opened at 24114 ,made a high of 24227.45 , it made a low of 24004.80,  before closing at 24053

Had mentioned that long positions for the day can be taken above 24090 and short positions for the day can be taken below 23930 . Bank Nifty triggered our long trade and completed 2 targets giving nearly 100 points . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 23930 can test 23840 - 23820 and on sustaining below it we can see a further test of 23750 - 23670 next Similarly in the coming session Bank Nifty breaking and sustaining above 24090 we can see a test of 24175 - 24195 initially and breaking and sustaining above it we can see a further move till 24270 - 24350 next . "  , and we saw Bank Nifty initially make a high of 24227.45 on sustaining above 24090 .  Now in the coming session Bank Nifty breaking and sustaining below 23980 can test 23900- 23880 and on sustaining below it we can see a further test of 23815 - 23740 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24125 we can see a test of 24205 - 24225 initially and breaking and sustaining above it we can see a further move till 24290 - 24365 next . 


Bank Nifty Spot Levels for the day are

Long above 24125 for 24175 
– 24225 – 24365 , SL 24030

Short below 23980 for 23935 – 23880 – 23740 , SL 24075

If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.