Bank Nifty Spot Outlook for 22nd Sep

 In the previous session : 

Bank Nifty went up by 68 points then went down by 757 points before closing lower by 664 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 21st Sep :

Bank Nifty triggered our short trade and also broke our weekly support and did 665 points  . 

For 22nd Sep :

Sustaining above 21485 enter for 21560 - 21645 - 21870 , SL 21405

Sustaining below 21245 enter for 21175 - 21090 - 20865 , SL 21330

As mentioned previously "For this week Bank Nifty has its immediate support zone at 21865 - 21765 and sustaining below it we can see a further correction towards its next support zone at 21480 - 21410 ." , and today Bank Nifty broke both the support and closed below it . Now Bank Nifty has next support at 21090 - 20900.

For this week Bank Nifty has immediate resistance zone at 22200 - 22300  and sustaining above it we can see a further recovery towards its next resistance zone of 22580 - 22660 levels 

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.