Monday, 29 January 2018

Bank Nifty Spot Outlook for 30th Jan

BANK NIFTY


Bank Nifty spot opened at 27446.10 , it made a low of 27407.40 ,  it made a new lifetime high of 27652.05  before closing at 27498.45 .

Had mentioned that long positions can be taken above 27510 for the day and short positions can be taken below 27380 .  Bank Nifty initially triggered our long trade and completed  2 targets . 

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining above 27510 can test 27575 - 27595 and on sustaining above it we can see a further upmove till 27650 - 27715 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27380 we can see a test of 27315 - 27295 initially and breaking and sustaining below it we can see a further correction till 27240 - 27175 next . " , and Bank Nifty made a high of 27652.05 just within our next resistance zone .


Now in the coming session Bank Nifty breaking and sustaining above 27560 can test 27625 - 27645 and on sustaining above it we can see a further upmove till 27700 - 27765 next. Similarly in the coming session Bank Nifty breaking and sustaining below 27435 we can see a test of 27370 - 27355 initially and breaking and sustaining below it we can see a further correction till 27295 - 27235 next . 


Bank Nifty Spot Levels for the day are

Long above 27560 for 27600 
– 27645 – 27765 , SL 27480

Short below 27435 for 27395 – 27355 – 27235 , SL 27515

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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.