Monday, 31 August 2020

Bank Nifty Spot Outlook for 01st Sep

  In the previous session : 





Bank Nifty went up by 709 points then went down by 1139 points before closing lower by 770 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 31st Aug :



Bank Nifty triggered our long trade with a gap up above our last target and did not give a chance to enter a long trade. Post that it reversed to trigger our short trade and and completed all targets exceeding it by 600 points giving 1000 points.
 

For 01st Sep :


Sustaining above 23930 enter for 24035 - 24160 - 24490 , SL 23805


Sustaining below 23580 enter for 23475 - 23350 - 23020 , SL 23705

Bank Nifty today gave a dip towards 23225 with a low of 23385 and those who are looking to go long should keep a strict cbsl of 23100 for their positions. Though we may see a bounce but its possible that the bounces get sold off in the coming sessions . 



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 01st Sep

 In the previous session : 


Nifty went up by 147 points then went down by 322 points before closing lower by 260 points on Monday 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 31st Aug :

Nifty triggered our long trade with a big gap up above our last target and did not give a trade . Post that Nifty reversed to trigger our short trade and completed all targets and exceeded it by 200+ points giving close to 400 points.

For 01st Sep :
 


Sustaining above 11430 enter for 11455 - 11485 - 11560 , SL 11400


Sustaining below 11345 enter for 11320 - 11290 - 11215 , SL 11375

Nifty today reversed and closed below 11400 . Now as long as it does not return  to close above 11630 we can see selling at higher levels for a few sessions . 

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.

Sunday, 30 August 2020

Bank Nifty Spot Outlook for 31st Aug

 In the previous session : 





Bank Nifty went up by 1011 points before closing higher by 923 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 28th Aug :



Bank Nifty triggered our long trade and completed and exceeded it by 600 points .
 

For 31st Aug :


Sustaining above 24650 enter for 24725 - 24815 - 25050 , SL 24560


Sustaining below 24400 enter for 24325 - 24235 - 23995 , SL 24485

Bank Nifty took out its expected resistance and gave a strong move . Now longs can be entered on dips towards 23225 and those who are short should exit if Bank Nifty fails to give a close below 23100 in any corrections. 

Bank Nifty had been underperforming for the past few months and now with the breakout it has the potential to test 26000+ levels which in turn will keep taking Nifty higher too and we may see the divergence get closed between both the index.

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 24611.80 on 28th Aug in the bounce from the fall till 16116.25  while Nifty has made a high of 11686.05 on 28th 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.