Monday, 30 October 2017

Nifty Spot Outlook for 31st Oct

NIFTY


Nifty spot opened at 10353.85 and made a low of 10344.30 , it made a high of 10384.50, before closing at 10363.65 . 

Had mentioned that long positions for the day can be taken above 10340 and short positions can be taken below 10305.  Nifty triggered our long trade and nearly completed all our targets missing our last target by 10 points . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10305 to test  10285 - 10280 initially and sustaining below it we can see a further correction till 10265 - 10250  . Similarly breaking and sustaining above 10340 we can see a bounce till 10360 - 10365 initially and breaking and sustaining above it we can see a further move till 10380 - 10395" , and today we saw Nifty make a high of 10384.50 within our next resistance zone for the day and also close within it .  

Now in the coming session Nifty needs to break and sustain below 10345 to test 10330 - 10325 initially and sustaining below it we can see a further correction till 10310 - 10295. Similarly breaking and sustaining above 10380 we can see a test of 10400 - 10405 initially and sustaining above it we can a further move till 10420 - 10435 . 


Nifty Spot Levels for the day are

Long above 10380 for 10390 - 10405 - 10435 , SL 10355

Short below 10345 for 10335 - 10325 - 10295 , SL 10370

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.