In the previous session :
Bank Nifty triggered our long trade with a gap up and moved up further by 210 points
Bank Nifty went up by 554 points before closing higher by 355 points on Monday 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 20th Jul :
For 21st Jul :
Sustaining above 22470 enter for 22560 - 22660 - 22940 , SL 22365
Sustaining below 22175 enter for 22085 - 21985 - 21705 , SL 22280
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 23080.60 on 08th July in the bounce from the fall till 16116.25 while Nifty has made a high of 11037.90 on 20th July 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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