Thursday, 30 December 2021

Bank Nifty Outlook for 31st Dec

In the previous session :  

Bank Nifty went down by 294 points then went up by 133 points before closing higher by 18 points on Thursday.


Bank Nifty made a new life time high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March


On 30th Dec :

Bank Nifty triggered our short trade and took our stoploss and post that traded between our long and short trigger range the entire session indicating indecisiveness. 

For 31st Dec :

Sustaining above 35235 enter for 35340 - 35460 - 35780 , SL 35115

Sustaining below 34890 enter for 34790 - 34670 - 34350 , SL 35010


Now for this week :

Bank Nifty has to break and sustain above 35160 - 35350 where it has its initial resistance for a further move towards 35870 - 36000 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 34550 - 34360 where it has its initial support for a further move towards 33840 - 33700 where it has its next support for the week 

So far this week Bank Nifty made a low of 34233 breaking below our initial weekly support zone and bounced back sharply to make a high of 35378.30 just breaking our initial resistance zone and reversed to close below it . Now in the coming session Bank Nifty has to break and sustain above 35380 to move further towards 35500 - 35800 . Bank Nifty has immediate support at 34750 and breaking and sustaining below it we may see it correct towards 34550 - 34350 zone.

Bank Nifty has to reclaim 35750 on closing basis to regain strength .


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 41829.60 on 25th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18604.45 on 19th Oct 2021 from the lows of 7511 made on 24th March 2020.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


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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.    

Nifty Outlook for 31st Dec

  In the previous session :

Nifty went up by 50 points then went down by 67 points before closing lower by 9 points on Thursday.

Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020


On 30th Dec :-

Nifty traded between our long and short trigger zone once again for the entire session indicating indecisiveness. 

For 31st Dec :-

Sustaining above 17270 enter for 17305 - 17350 - 17475 , SL 17225

Sustaining below 17140 enter for 17100 - 17055 - 16935 , SL 17185


Now for this week :

Nifty has to break and sustain above 17115 - 17185 where it has its initial resistance for a further move towards 17375 - 17425 where it has its next resistance for the week

Nifty has to break and sustain below 16890 - 16820 where it has its initial support for a further move towards 16630 - 16590 where it has its next support for the week

So far this week Nifty made a low of 16833.20 testing our initial weekly support zone and bounced back to make a high of 17285.95 breaking above our initial weekly resistance zone and has been closing above it for the last 3 sessions . Now in the coming session Nifty has immediate resistance at 17290 on the upside and breaking above it is required for a move towards 17375 - 17425 zone. Nifty has immediate support at 17115 and only on breaking and sustaining below it we can see a dip towards 17000 - 16900 zone . 

Nifty has to reclaim 17460 on closing basis now to indicate strength .


Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

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. 

Wednesday, 29 December 2021

Bank Nifty Outlook for 30th Dec

 In the previous session :  

Bank Nifty went up by 194 points then went down by 293 points before closing lower by 138 points on Wednesday.


Bank Nifty made a new life time high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March


On 29th Dec :

Bank Nifty triggered our short trade in the last hour but did not complete any target indicating indecisiveness. 

For 30th Dec :

Sustaining above 35240 enter for 35360 - 35510 - 35880 , SL 35105

Sustaining below 34850 enter for 34730 - 34580 - 34210 , SL 34985


Now for this week :

Bank Nifty has to break and sustain above 35160 - 35350 where it has its initial resistance for a further move towards 35870 - 36000 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 34550 - 34360 where it has its initial support for a further move towards 33840 - 33700 where it has its next support for the week 

So far this week Bank Nifty made a low of 34233 breaking below our initial weekly support zone and bounced back sharply to make a high of 35378.30 just breaking our initial resistance zone and reversed to close below it . Now in the coming session Bank Nifty has to break and sustain above 35350 to move further towards 35500 - 35800 . Bank Nifty has immediate support at 34850 and breaking and sustaining below it we may see it correct towards 34600 - 34400 zone.

Bank Nifty has to reclaim 35750 on closing basis to regain strength .


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 41829.60 on 25th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18604.45 on 19th Oct 2021 from the lows of 7511 made on 24th March 2020.

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 6 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.   

Nifty Outlook for 30th Dec

 In the previous session :

Nifty went up by 52 points then went down by 56 points before closing lower by 19 points on Wednesday.

Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020


On 29th Dec :-

Nifty traded between our long and short trigger zone for the entire session indicating indecisiveness. 

For 30th Dec :-

Sustaining above 17285 enter for 17330 - 17385 - 17520 , SL 17235

Sustaining below 17140 enter for 17095 - 17045 - 16905 , SL 17190


Now for this week :

Nifty has to break and sustain above 17115 - 17185 where it has its initial resistance for a further move towards 17375 - 17425 where it has its next resistance for the week

Nifty has to break and sustain below 16890 - 16820 where it has its initial support for a further move towards 16630 - 16590 where it has its next support for the week

So far this week Nifty made a low of 16833.20 testing our initial weekly support zone and bounced back to make a high of 17285.95 breaking above our initial weekly resistance zone and also closed above it . Now in the coming session Nifty sustaining above 17185 can move further towards 17375 - 17425 zone. Nifty has immediate support at 17115 and only on breaking and sustaining below it we can see a dip towards 17000 - 16900 zone . 

Nifty has to reclaim 17460 on closing basis now to indicate strength .


Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

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. 

Tuesday, 28 December 2021

Bank Nifty Outlook for 29th Dec

 In the previous session :  

Bank Nifty went up by 294 points then went down by 20 points before closing higher by 125 points on Tuesday.


Bank Nifty made a new life time high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March


On 28th Dec :

Bank Nifty triggered our long trade but did not complete any target and took our SL. Post that Bank Nifty traded sideways the entire session indicating indecisiveness. 

For 29th Dec :

Sustaining above 35380 enter for 35500 - 35650 - 36020 , SL 35245

Sustaining below 34980 enter for 34870 - 34720 - 34350 , SL 35125


Now for this week :

Bank Nifty has to break and sustain above 35160 - 35350 where it has its initial resistance for a further move towards 35870 - 36000 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 34550 - 34360 where it has its initial support for a further move towards 33840 - 33700 where it has its next support for the week 

So far this week Bank Nifty made a low of 34233 breaking below our initial weekly support zone and bounced back sharply to make a high of 35352.40 testing our initial resistance zone and closed within it . Now in the coming session Bank Nifty has to break and sustain above 35350 to move further towards 35870 - 36000 . Bank Nifty has immediate support at 35000 and breaking and sustaining below it we may see it correct towards 34700 - 34400 zone.

Bank Nifty has to reclaim 35750 on closing basis to regain strength .


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 41829.60 on 25th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18604.45 on 19th Oct 2021 from the lows of 7511 made on 24th March 2020.

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 6 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.