Friday, 13 October 2017

Nifty Spot Outlook for 13th Oct

NIFTY


Nifty spot opened at 10011.20 and made a low of 9977.10 , it made a high of 10104.45, before closing at 10096.40 . Nifty today bounced back strongly to close just below 10100 .

Had mentioned that long positions for the day can be taken above 10000 and short positions can be taken below 9970 . Nifty triggered our long trade and completed all our daily targets . Nifty also confirmed our weekly longs today and completed our initial 3 weekly long targets too . Now for further upmove we need Nifty to break and sustain above 10130 - 10150 zone .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9970 to test 9955 - 9950 initially and sustaining below it we can see a test of 9935 - 9920 . Breaking and sustaining above 10000 we can see a bounce till 10010 - 10020 initially and breaking and sustaining above it we can see a test of 10035 10050 . " , and we saw Nifty make a high of 10104.45 as Nifty also confirmed our weekly longs on sustaining above 10055 . Now in the coming session Nifty needs to break and sustain below 10075 to test  10060 - 10055 initially and sustaining below it we can see a test of 10035 - 10020  . Breaking and sustaining above 10115 we can see a bounce till 10135 - 10140 initially and breaking and sustaining above it we can see a test of  10155 - 10175.


Nifty Spot Levels for the day are

Long above 10115 for 10125 - 10140 - 10175 , SL 10090

Short below 10075 for 10065 - 10050 - 10020 , SL 10100

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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.