Tuesday, 21 November 2017

Nifty Spot Outlook for 22nd Nov

NIFTY


Nifty spot opened at 10329.25 and made a high of 10358.70 , it made a low of 10315.05 ,  before closing at 10326.90 . 

Had mentioned that long positions for the day can be taken above 10325 and short positions can be taken below 10275.  Nifty triggered our long trade for the day and completed 2 targets . Nifty has triggered our weekly long trade today but needs to sustain / close above 10350 to confirm the same.

Had mentioned in the previous post " 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 see a further move till 10375 - 10395 " , and today Nifty made a high of 10358.70 just above initial resistance zone for the day . 

Now in the coming session Nifty needs to break and sustain below 10305 to test 10280 - 10275 initially and sustaining below it we can see a further correction till 10255 - 10230. Similarly breaking and sustaining above 10350 we can see a test of 10375 - 10380 initially and breaking / sustaining above it we can a further move till 10400 - 10425.  


Nifty Spot Levels for the day are

Long above 10350 for 10365 - 10380 - 10425 , SL 10320

Short below 10305 for 10290 - 10275 - 10230 , SL 10335

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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.