Monday, 20 November 2017

Nifty Spot Outlook for 21st Nov

NIFTY


Nifty spot opened at 10287.20 and made a low of 10261.50 , it made a high of 10309.85 ,  before closing at 10298.75  . 

Had mentioned that long positions for the day can be taken above 10310 and short positions can be taken below 10260.  Nifty traded the entire day consolidating between our long and short trigger range . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10260 to test  10230 - 10225 initially and sustaining below it we can see a further correction till 10200 - 10175 . Similarly breaking and sustaining above 10310 we can see a test of 10335 - 10340 initially and breaking / sustaining above it we can see a further move till 10365 - 10390 " , and today Nifty did not trigger a trade on any side . 

Now in the coming session Nifty needs to break and sustain below 10275 to test 10250 - 10245 initially and sustaining below it we can see a further correction till 10225 - 10200. Similarly breaking and sustaining above 10325 we can see a test of 10345 - 10350 initially and breaking / sustaining above it we can a further move till 10375 - 10395.  


Nifty Spot Levels for the day are

Long above 10325 for 10335 - 10350 - 10395 , SL 10290

Short below 10275 for 10260 - 10245 - 10200 , SL 10305

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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.