Tuesday, 23 January 2018

Nifty Spot Outlook for 24th Jan

NIFTY


Nifty spot opened at 10997.40, made a low of 10994.55 ,  it made a new lifetime high of 11092.90 ,  before closing at 11083.70

Had mentioned that long positions for the day can be taken above 10985 and short positions can be taken below 10950 . Nifty triggered our long trade and completed all long targets for the day giving 50 points and went up further by another 50 points. 

Had mentioned in the previous post " 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 and sustaining below it we can see a further correction till 10915 - 10900 . " , and Nifty made a high of 11092.90 well above our next resistance zone and closed also well above it .

Now in the coming session Nifty needs to break and sustain above 11100 to test 11120 - 11125 initially and sustaining above it we can see a further upmove till 11140 - 11155. Similarly breaking and sustaining below 11065 we can see a test of 11050 - 11045 initially and breaking / sustaining below it we can see a further correction till 11030 - 11010 .


Nifty Spot Levels for the day are

Long above 11100 for 11110 - 11125 - 11155 , SL 11075

Short below 11065 for 11055 - 11045 - 11010 , SL 11090

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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.