Bank Nifty went up by 520 points before closing higher by 184 points on Monday.
Bank Nifty made a new life time high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March
On 27th Jun :
Bank Nifty triggered our long trade with a big gap up above our 2nd target and did not a chance to trade . Post that Bank Nifty traded sideways for the day.
For 28th Jun :
Sustaining above 34000 enter for 34080 - 34150 - 34430 , SL 33850
Sustaining below 33660 enter for 33580 - 33470 - 33200 , SL 33770
Now for this week :
On the upside :
Bank Nifty has to sustain and close above 33870 - 34010 where it has its initial resistance for a move towards next targets of 34410 - 34520 .
Sustaining or closing above 34520 Bank Nifty can move towards further targets of 34870 - 35250
On the downside :
Bank Nifty has to sustain and close below 33390 - 33240 where it has its initial support for a move towards next targets of 32840 - 32730 .
Sustaining or closing below 32730 Bank Nifty can move towards further targets of 32390 - 32000
So far this week Bank Nifty made a high of 34147.50 breaking above our initial weekly resistance zone of 33870 - 34010 and closed at 33811.25 below it too. Now in the coming session Bank Nifty has to break and sustain above its immediate resistance at 34010 for a move towards 34410 - 34520 . On the downside Bank Nifty on breaking and sustaining below 33660 can make a move towards its immediate support zone at 33390 - 33240.
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 41829.60 on 25th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18604.45 on 19th Oct 2021 from the lows of 7511 made on 24th March 2020.
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