Tuesday, 30 June 2020

Bank Nifty Spot Outlook for 01st Jul

In the previous session : 

Bank Nifty went up by 292 points then went down by 147 points before closing higher by 11 points on Tuesday 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 30th Jun :

Bank Nifty triggered our long trade and did 120 points and took our TSL . 

For 01st Jul :

Sustaining above 21540 enter for 21645 - 21765 - 22090 , SL 21420

Sustaining below 21200 enter for 21095 - 20975 - 20650 , SL 21320

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 22479.55 on 24th Jun in the bounce from the fall till 16116.25  while Nifty has made a high of 10553.15 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.

No comments:

Post a Comment