Sunday 21 June 2020

Bank Nifty Spot Outlook for 22nd Jun

In the previous session : 



Bank Nifty went down by 78 points then went up by 511 points before closing higher by 382 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 19th Jun :


Bank Nifty triggered our long trade and did 327 points 


For 22nd Jun :

Sustaining above 21530 enter for 21650 - 21785 - 22150 , SL 21395

Sustaining below 21145 enter for 21025 - 20890 - 20525 , SL 21280





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 21967 on 30th April in the bounce from 16116.25 retracing 36.30 % of the fall while Nifty has made a high of 10328.50 from the lows of 7511 retracing 37.5%




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