Bank Nifty Spot Outlook for 11th Sep

 In the previous session : 

Bank Nifty went down by 42 points then went up by 412 points before closing higher by 199 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 10th Sep :

Bank Nifty  triggered our long trade and completed 2 targets doing 215 points

For 11th Sep :

Sustaining above 22580 enter for 22645 - 22725 - 22935 , SL 22500

Sustaining below 22355 enter for 22285 - 22205 - 22000 , SL 22435

As mentioned earlier "For this week Bank Nifty has immediate support at 22545 and sustaining below it we can see a further correction towards 21930 levels." , we saw Bank Nifty make a low of 22080 on sustaining below 22545

For this week Bank Nifty has immediate resistance at 23480 and sustaining above it we can see a further recovery towards 24090 levels 

Bank is looking weaker compared to the Nifty . 

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.