In the previous session :
Bank Nifty went up by 663 points before closing higher by 519 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 had then corrected till 16116.25 points on 24th March
On 24th Dec :
Bank Nifty triggered our long trade and did 500 points.
For 28th Dec :
Sustaining above 30585 enter for 30695 - 30825 - 31175 , SL 30455
Now for this week :
Bank Nifty has immediate resistance near 30700 - 30885 and above it next resistance near 31395 - 31525 zone
Bank Nifty has immediate support near 30105 - 29920 and below that next support near 29410 - 29280 zone
Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .
Bank Nifty has now made a high of 30945.20 on 17th Dec in the bounce from the fall till 16116.25 while Nifty has made a new lifetime high of 13773.25 on 17th Dec from the lows of 7511 made on 24th March.
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.
No comments:
Post a Comment