Wednesday, 24 January 2018

Nifty Spot Outlook for 25th Jan

NIFTY


Nifty spot opened at 11069.35, made a low of 11046.15 ,  it made a new lifetime high of 11110.10 ,  before closing at 11086.

Had mentioned that long positions for the day can be taken above 11100 and short positions can be taken below 11065 . Nifty triggered our long trade and completed just 1 target and took our TSL . Nifty then triggered our short trade and completed 2 targets . 

Had mentioned in the previous post " 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 and sustaining below it we can see a further correction till 11030 - 11010 . " , and Nifty made a low of 11046.15 within our initial support zone . 

Now in the coming session Nifty needs to break and sustain above 11105 to test 11125 - 11130 initially and sustaining above it we can see a further upmove till 11145 - 11160. Similarly breaking and sustaining below 11070 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 11105 for 11115 - 11130 - 11160 , SL 11080

Short below 11070 for 11055 - 11045 - 11010 , SL 11095

The expected expiry range is

Upper End - 11191

Lower End - 10981

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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.