Sunday, 20 September 2020

Bank Nifty Spot Outlook for 21st Sep

 In the previous session : 





Bank Nifty went up by 149 points then went down by 535 points before closing lower by 289 points on Friday as compared to its previous day's  close . 








Bank Nifty had made a life time high of 32613.10 on 30th December and has since then  corrected by 15822 points . 







On 18th Sep :



Bank Nifty initially triggered our long trade and took our stoploss . Post that Bank Nifty triggered our short trade and  completed all targets doing 435 points . 

For 21st Sep :


Sustaining above 22130 enter for 22195 - 22270 - 22460 , SL 22060


Sustaining below 21930 enter for 21865 - 21795 - 21600 , SL 22000


For this week Bank Nifty has its immediate support zone at 21865 - 21765 and sustaining below it we can see a further correction towards its next support zone at 21480 - 21410 .

For this week Bank Nifty has immediate resistance zone at 22200 - 22300  and sustaining above it we can see a further recovery towards its next resistance zone of 22580 - 22660 levels 



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


Bank Nifty had made a low of 16116.25 on 24th March. 


Bank Nifty has made a high of 25232.60 on 31st Aug in the bounce from the fall till 16116.25  while Nifty has made a high of 11794.25 on 31st Aug from the lows of 7511 





How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 











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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. 

Nifty Spot Outlook for 21st Sep

 In the previous session : 


Nifty went up by 68 points then went down by 70 points before closing lower by 11 points on Friday as compared to the previous day's close.








Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now . 


On 18th  Sep :

Nifty initially triggered our long trade by opening near our 2nd target . Post that Nifty reversed to trigger our short trade and completed 2 targets giving 40 points .

For21st Sep :
 


Sustaining above 11535 enter for 11555 - 11575 - 11630 , SL 11515


Sustaining below 11475 enter for 11455 - 11435 - 11380 , SL 11495


For this week Nifty has immediate support at 11455 - 11425 zone and sustaining below it we can see a further correction towards its next support zone at 11345 - 11325 .

For this week Nifty has immediate resistance at 11555 - 11585 zone and sustaining above it we can see a further recovery towards the next resistance zone of 11665 - 11685 .


Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"






























Join our Telegram Channel "simplytradestocks" for live 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.

Thursday, 17 September 2020

Bank Nifty Spot Outlook for 18th Sep

 In the previous session : 





Bank Nifty went down by 306 points before closing lower by 253 points on Thursday as compared to its previous day's  close . 








Bank Nifty had made a life time high of 32613.10 on 30th December and has since then  corrected by 15822 points . 







On 17th Sep :



Bank Nifty  triggered our short trade and  completed 2 targets doing 125 points . 

For 18th Sep :


Sustaining above 22420 enter for 22480 - 22550 - 22740 , SL 22350


Sustaining below 22220 enter for 22160 - 22090 - 21900 , SL 22290


For this week Bank Nifty has its immediate support zone at 22330 - 22240 and sustaining below it we can see a further correction towards its next support zone at 21990 - 21920 .

For this week Bank Nifty has immediate resistance zone at 22630 - 22720  and sustaining above it we can see a further recovery towards its next resistance zone of 22970 - 23040 levels 

Bank Nifty made a high of 22757.30 and a low 22028.15 so far this week . 

Bank Nifty has been slightly weaker than Nifty and only if it sustains or closes comfortably above 22720 then we can see a move towards the next targets and failing to do so we can see pressure on Nifty too .


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


Bank Nifty had made a low of 16116.25 on 24th March. 


Bank Nifty has made a high of 25232.60 on 31st Aug in the bounce from the fall till 16116.25  while Nifty has made a high of 11794.25 on 31st Aug from the lows of 7511 





How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 











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.