Tuesday, 23 January 2018

Bank Nifty Spot Outlook for 24th Jan

BANK NIFTY


Bank Nifty spot opened at 27089.95 ,made a low of 27066.15 , it made a new lifetime high of 27422.05 ,   before closing at 27390.60 .

Had mentioned that long positions can be taken above 27105 for the day and short positions can be taken below 26975 .  Bank Nifty triggered our long trade and completed all targets giving 210 points . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 27105 can test 27175 - 27195 and on sustaining above it we can see a further upmove till 27250 - 27315 next. Similarly in the coming session Bank Nifty breaking and sustaining below 26975 we can see a test of 26910 - 26890 initially and breaking and sustaining below it we can see a further correction till 26830 - 26765 next . " , and Bank Nifty made a high of 27422.05  above our next resistance zone and also closed well above it. 


Now in the coming session Bank Nifty breaking and sustaining above 27450 can test 27515 - 27530 and on sustaining below it we can see a further upmove till 27585 - 27645 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27330 we can see a test of 27265 - 27250 initially and breaking and sustaining above it we can see a further correction till 27195 - 27135 next . 


Bank Nifty Spot Levels for the day are

Long above 27450 for 27490 
– 27530 – 27645 , SL 27370

Short below 27330 for 27295 – 27250 – 27135 , SL 27410

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.