Bank Nifty Outlook for 27th Jul

 In the previous session : 

Bank Nifty went down by 365 points then went up by 103 points before closing lower by 85 points on Monday.

Bank Nifty made a new life time high of 37708.75 in this upmove from the lows of 16116.25 made on 24th March

On 26th Jul:

Bank Nifty triggered our short trade and completed 2 targets doing 200 points . 

For 27th Jul :

Sustaining above 35100 enter for 35190 - 35300 - 35585 , SL 34995

Sustaining below 34800 enter for 34710 - 34600 - 34315 , SL 34905

Now for this week :

Bank Nifty has immediate resistance near 35280 - 35440 and sustaining or closing above we can see a further move towards 35850 - 35970 zone

Bank Nifty has immediate support near 34790 - 34630 and sustaining or closing below that we can see a move towards 34210 - 34100 zone

So far this week Bank Nifty made a low of 34669.55 testing our initial support zone and bounced back towards 35100+ levels. Now holding above 34800 Bank Nifty we may see Bank Nifty make a move towards 35280 - 35440

In the month of June Bank Nifty made a high of 35810.90 and made a low of  33908.95.

Now for the month of July Bank Nifty has to give a consecutive close above 35520 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 34020 for a further correction.

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

Bank Nifty has now made a high of 37708.75 on 16th Feb 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 15606.35  on 31st May 2021 from the lows of 7511 made on 24th March 2020.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              

To receive this post daily in your inbox, kindly register by adding your email id in 6 the 'Subscribe to my posts' section on the top right side of the blog.

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.   

Nifty Outlook for 27th Jul

 In the previous session :

Nifty went down by 59 points then went up by 37 points before closing lower by 32 points on Monday.

Nifty made a new life time high of 15952.35 in this upmove from the lows of 7511.10 made on 24th March 2020

On 26th Jul :

Nifty triggered our short trade and took our stoploss . Post that Nifty traded the entire session between our long and short trigger levels indicating indecisiveness

For 27th Jul :-

Sustaining above 15865 enter for 15890 - 15920 - 16000 , SL 15835

Sustaining below 15785 enter for 15760 - 15730 - 15650 , SL 15815

Now for this week :

Nifty has immediate resistance at 15925 - 15965 zone and sustaining or closing above we may see a further move towards 16075 - 16105 zone

Nifty has immediate support at 15790 - 15750 zone and sustaining or closing below that we may see a move towards 15635 - 15605 zone

Now Nifty has immediate resistance near 15925 - 15965 and it needs to sustain above 15965 to move up further towards 16075 - 16105 and failing to do so we can see a correction towards 15790 - 15750 

In the month of June Nifty made a high of 15915.65 and made a low of  15450.90 .

For the month of July Nifty has to give a consecutive close above 15895 for a further move on the upside .  On the downside Nifty has to give a consecutive close below 15550 for a further correction.

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              

To receive this post daily 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.

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.