Thursday 25 June 2020

Bank Nifty Spot Outlook for 26th Jun

In the previous session : 



Bank Nifty went down by 500 points then went up by 277 points before closing higher by 79 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 25th Jun :


Bank Nifty triggered our short trade and did 293 points . Post that Bank Nifty then reversed to trigger our long trade but did not complete any target. After a indecisive day we can expect a trending day in the coming session.


For 26th Jun :

Sustaining above 21715 enter for 21840 - 21985 - 22375 , SL 21570

Sustaining below 21300 enter for 21175 - 21025 - 20635 , SL 21445





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 22322.3 on 23rd Jun in the bounce from the fall till 16116.25  while Nifty has made a high of 10484.70 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.

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