In the previous session :
Bank Nifty went up by 280 points then went down by 123 points before closing lower by 6 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 23rd Oct :
Bank Nifty triggered our long trade and did just 1 target and took our TSL
For 26th Oct :
Sustaining above 24650 enter for 24755 - 24875 - 25195 , SL 24530
Now for this week :
Bank Nifty has immediate resistance near 24755 - 24930 and above it next resistance near 25400 - 25520 zone
Bank Nifty has immediate support near 24200 - 24030 and below that next support near 23555- 23435 zone
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 12025.45 on 15th Oct 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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