Bank Nifty Outlook for 19th Oct

 In the previous session : 

Bank Nifty went up by 606 points before closing higher by 344 points on Monday.

Bank Nifty made a new life time high of 39947.60 in this upmove from the lows of 16116.25 made on 24th March

On 18th Oct :

Bank Nifty opened above our last long target for the day and did not give a chance to enter. 

For 19th Oct :

Sustaining above 39785 enter for 39845 - 39920 - 40110 , SL 39715

Sustaining below 39585 enter for 39525 - 39450 - 39260 , SL 39655

Now for this week :

Bank Nifty has to break and sustain above 39505 - 39605 where it has its initial resistance for a further move towards 39885 - 39955 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 39175 - 39075 where it has its initial support for a further move towards 38795 - 38725 where it has its next support for the week 

So far this week Bank Nifty made a high of 39947.60 nearly completing our next weekly targets and closed above the initial targets. Now Bank Nifty has to hold above 39450 for a bounce on dips else breaking and sustaining below 39450 we may see a dip till 39175 - 39075 where it has support.

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 39947.60 on 18th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18543.15 on 18th Oct 2021 from the lows of 7511 made on 24th March 2020.

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Nifty Outlook for 19th Oct

 In the previous session :

Nifty went up by 205 points before closing higher by 138 points on Monday.

Nifty made a new life time high of 18543.15 in this upmove from the lows of 7511.10 made on 24th March 2020

On 18th Oct :-

Nifty opened near our last long target for the day and did not give a chance to enter. 

For 19th Oct :-

Sustaining above 18520 enter for 18545 - 18575 - 18650 , SL 18490

Sustaining below 18435 enter for 18410 - 18380 - 18305 , SL 18465

Now for this week :

Nifty has to break and sustain above 18405 - 18450 where it has its initial resistance for a further move towards 18560 - 18590 where it has its next resistance for the week

Nifty has to break and sustain below 18270 - 18230 where it has its initial support for a further move towards 18115 - 18085 where it has its next support for the week

So far this week Nifty has made a high of 18543.15 nearly testing our next weekly targets and closed above our initial targets. Now Nifty needs to sustain above 18405 - 18380 on dips for a bounce and breaking and sustaining below 18380 we may see a dip towards 18300 - 18270 where it has its next support.

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.