Tuesday, 23 January 2018

Nifty Spot Outlook for 23rd Jan

NIFTY


Nifty spot opened at 10883.20, made a low of 10881.40 ,  it made a new lifetime high of 10975.10 ,  before closing at 10966.20

Had mentioned that long positions for the day can be taken above 10910 and short positions can be taken below 10880 . Nifty triggered our long trade and completed all long targets for the day giving 50 points . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10910 to test 10925 - 10930 initially and sustaining above it we can see a further upmove till 10945 - 10960 . Similarly breaking and sustaining below 10880 we can see a test of 10865 - 10860 initially and breaking and sustaining below it we can see a further correction till 10845 - 10830 . " , and Nifty made a high of 10975.10 above our next resistance zone and closed just above it .

Now in the coming session Nifty needs to break and sustain above 10985 to test 11000 - 11005 initially and sustaining above it we can see a further upmove till 11015 - 11030. Similarly breaking and sustaining below 10950 we can see a test of 10935 - 10930 initially and breaking / sustaining below it we can see a further correction till 10915 - 10900 .


Nifty Spot Levels for the day are

Long above 10985 for 10995 - 11005 - 11030 , SL 10960

Short below 10950 for 10940 - 10930 - 10900 , SL 10975

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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.