In the previous session :
Bank Nifty went down by 345 points before closing higher by 300 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 21st Aug :
Bank Nifty triggered our long trade with a gap up above our 1st target and added further 150 points
For 24th Aug :
Sustaining above 22415 enter for 22485 - 22565 - 22780 , SL 22335
Bank Nifty has immediate resistance near 22600 and it needs to close above it this week for a further upmove else we might see some correction.
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 23211.35 on 22nd July in the bounce from the fall till 16116.25 while Nifty has made a high of 11460.35 on 18th 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.
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