Sunday, 28 January 2018

Nifty Spot Outlook for 29th Jan

NIFTY


Nifty spot opened at 11095.60 which was also the high , it made a low of 11009.20 , before closing at 11069.65.

Had mentioned that long positions for the day can be taken above 11105 and short positions can be taken below 11070 . Nifty triggered our short trade and completed all 3 target giving 60 points . 

Had mentioned in the previous post " 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 and sustaining below it we can see a further correction till 11030 - 11010 . " , and Nifty made a low of 11009.65 and completed all our targets  . 

Now in the coming session Nifty needs to break and sustain above 11090 to test 11110 - 11115 initially and sustaining above it we can see a further upmove till 11135 - 11150. Similarly breaking and sustaining below 11050 we can see a test of 11030 - 11025 initially and breaking / sustaining below it we can see a further correction till 11010 - 10990 .


Nifty Spot Levels for the day are

Long above 11090 for 11100 - 11115 - 11150 , SL 11065

Short below 11050 for 11040 - 11025 - 10990 , SL 11075

If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.