Wednesday, 24 January 2018

Bank Nifty Spot Outlook for 25th Jan

BANK NIFTY


Bank Nifty spot opened at 27310.15 ,made a new lifetime high of 27479.25 , it made a low of 27219.45 ,   before closing at 27398.55 .

Had mentioned that long positions can be taken above 27450 for the day and short positions can be taken below 27330 .  Bank Nifty triggered our long trade but did not complete any target and took our stoploss . Bank  Nifty then triggered our short trade and completed 2 targets for the day . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 27450 can test 27515 - 27530 and on sustaining above 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 below it we can see a further correction till 27195 - 27135 next . " , and Bank Nifty made a low of 27219.45  below our initial support zone . 


Now in the coming session Bank Nifty breaking and sustaining above 27460 can test 27525 - 27545 and on sustaining above it we can see a further upmove till 27600 - 27660 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27335 we can see a test of 27270 - 27255 initially and breaking and sustaining below it we can see a further correction till 27200 - 27135 next . 


Bank Nifty Spot Levels for the day are

Long above 27460 for 27500 
– 27545 – 27660 , SL 27375

Short below 27335 for 27300 – 27255 – 27135 , SL 27420

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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.