Thursday, 30 November 2017

Bank Nifty Spot Outlook for 01st

BANK NIFTY


Bank Nifty spot opened at 25693.80 ,made a high of 25700.85 ,  it made a low of 25246.85 ,   before closing at 25332.40   . 

Had mentioned that long positions can be taken above 25835 for the day and short positions can be taken below 25755.  Bank Nifty triggered our short trade for the day and also triggered our weekly short trade and completed all daily targets and also completed all our weekly short targets giving around 425 points as per the weekly short trade levels . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25755 can test 25720 - 25710 and on sustaining below it we can see a further correction till 25675 - 25635 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25835 we can see a test of 25875 - 25885 initially and breaking and sustaining above it we can see a further move till 25920 - 25955 next . " , and today Bank Nifty made a low of 25246.85 as even our weekly short trade got confirmed . 
Those who are looking to enter fresh shorts should keep a cbsl of 25655 .


Now in the coming session Bank Nifty breaking and sustaining below 25270 can test 25210 - 25195 and on sustaining below it we can see a further correction till 25140 - 25085 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25395 we can see a test of 25455 - 25470 initially and breaking and sustaining above it we can see a further move till 25525 - 25580 next . 


Bank Nifty Spot Levels for the day are

Long above 25395 for 25430 
– 25470 – 25580 , SL 25315

Short below 25270 for 25235 – 25195 – 25080 , SL 25350

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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.