Monday, 26 July 2021

Bank Nifty Outlook for 27th Jul

 In the previous session : 

Bank Nifty went down by 365 points then went up by 103 points before closing lower by 85 points on Monday.


Bank Nifty made a new life time high of 37708.75 in this upmove from the lows of 16116.25 made on 24th March



On 26th Jul:

Bank Nifty triggered our short trade and completed 2 targets doing 200 points . 

For 27th Jul :

Sustaining above 35100 enter for 35190 - 35300 - 35585 , SL 34995

Sustaining below 34800 enter for 34710 - 34600 - 34315 , SL 34905


Now for this week :

Bank Nifty has immediate resistance near 35280 - 35440 and sustaining or closing above we can see a further move towards 35850 - 35970 zone

Bank Nifty has immediate support near 34790 - 34630 and sustaining or closing below that we can see a move towards 34210 - 34100 zone

So far this week Bank Nifty made a low of 34669.55 testing our initial support zone and bounced back towards 35100+ levels. Now holding above 34800 Bank Nifty we may see Bank Nifty make a move towards 35280 - 35440

In the month of June Bank Nifty made a high of 35810.90 and made a low of  33908.95.

Now for the month of July Bank Nifty has to give a consecutive close above 35520 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 34020 for a further correction.


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 37708.75 on 16th Feb 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 15606.35  on 31st May 2021 from the lows of 7511 made on 24th March 2020.

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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 27th Jul

 In the previous session :

Nifty went down by 59 points then went up by 37 points before closing lower by 32 points on Monday.



Nifty made a new life time high of 15952.35 in this upmove from the lows of 7511.10 made on 24th March 2020



On 26th Jul :

Nifty triggered our short trade and took our stoploss . Post that Nifty traded the entire session between our long and short trigger levels indicating indecisiveness

For 27th Jul :-

Sustaining above 15865 enter for 15890 - 15920 - 16000 , SL 15835

Sustaining below 15785 enter for 15760 - 15730 - 15650 , SL 15815

Now for this week :

Nifty has immediate resistance at 15925 - 15965 zone and sustaining or closing above we may see a further move towards 16075 - 16105 zone

Nifty has immediate support at 15790 - 15750 zone and sustaining or closing below that we may see a move towards 15635 - 15605 zone

Now Nifty has immediate resistance near 15925 - 15965 and it needs to sustain above 15965 to move up further towards 16075 - 16105 and failing to do so we can see a correction towards 15790 - 15750 

In the month of June Nifty made a high of 15915.65 and made a low of  15450.90 .

For the month of July Nifty has to give a consecutive close above 15895 for a further move on the upside .  On the downside Nifty has to give a consecutive close below 15550 for a further correction.


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.


Sunday, 25 July 2021

Bank Nifty Outlook for 26th Jul

 In the previous session : 

Bank Nifty went down by 273 points then went up by 410 points before closing higher by 357 points on Friday.


Bank Nifty made a new life time high of 37708.75 in this upmove from the lows of 16116.25 made on 24th March



On 23rd Jul:

Bank Nifty initially triggered our short trade and completed 1 target doing 100 points and took our TSL. Post that Bank Nifty triggered our long trade and completed 2 targets and more doing 250 points. 

For 26th Jul :

Sustaining above 35185 enter for 35280 - 35385 - 35675 , SL 35080

Sustaining below 34885 enter for 34790 - 34680 - 34395 , SL 34990

Now for this week :

Bank Nifty has immediate resistance near 35280 - 35440 and sustaining or closing above we can see a further move towards 35850 - 35970 zone

Bank Nifty has immediate support near 34790 - 34630 and sustaining or closing below that we can see a move towards 34210 - 34100 zone

In the month of June Bank Nifty made a high of 35810.90 and made a low of  33908.95.

Now for the month of July Bank Nifty has to give a consecutive close above 35520 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 34020 for a further correction.


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 37708.75 on 16th Feb 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 15606.35  on 31st May 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 26th Jul

  In the previous session :

Nifty went down by 56 points then went up by 76 points before closing higher by 32 points on Friday.



Nifty made a new life time high of 15952.35 in this upmove from the lows of 7511.10 made on 24th March 2020



On 23rd Jul :

Nifty initially triggered our short trade and took our stoploss . Post that Nifty reversed to trigger our long trade and completed just 1 target doing 35 points . 

For 26th Jul :-

Sustaining above 15895 enter for 15920 - 15950 - 16025 , SL 15870

Sustaining below 15815 enter for 15790 - 15760 - 15685 , SL 15845

Now for this week :

Nifty has immediate resistance at 15925 - 15965 zone and sustaining or closing above we may see a further move towards 16075 - 16105 zone

Nifty has immediate support at 15790 - 15750 zone and sustaining or closing below that we may see a move towards 15635 - 15605 zone

Now Nifty has immediate resistance near 15925 - 15965 and it needs to sustain above 15965 to move up further towards 16075 - 16105 and failing to do so we can see a correction towards 15790 - 15750 

In the month of June Nifty made a high of 15915.65 and made a low of  15450.90 .

For the month of July Nifty has to give a consecutive close above 15895 for a further move on the upside .  On the downside Nifty has to give a consecutive close below 15550 for a further correction.


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.


Thursday, 22 July 2021

Bank Nifty Outlook for 23rd Jul

 In the previous session : 

Bank Nifty went up by 574 points before closing higher by 262 points on Wednesday.


Bank Nifty made a new life time high of 37708.75 in this upmove from the lows of 16116.25 made on 24th March



On 22nd Jul:

Bank Nifty triggered our long trade with a gap up and nearly completed all targets doing 200 points

For 23rd Jul :

Sustaining above 34820 enter for 34910 - 35010 - 35280 , SL 34720

Sustaining below 34535 enter for 34445 - 34345 - 34075 , SL 34635


Now for this week :

Bank Nifty has immediate resistance near 35935 - 36045 and sustaining or closing above we can see a further move towards 36355 - 36435 zone

Bank Nifty has immediate support near 35570 - 35450 and sustaining or closing below that we can see a move towards 35150 - 35060 zone

So far this week Bank Nifty has made a low of 34357.35 breaking below our next targets zone and also below the revised support zone of 34800 - 34500 and also closed below it . From there we saw Bank Nifty bounce back till 34989.10 .

Now Bank Nifty has to break and sustain above 34800 for a move back towards 35060 - 35150 where it has its immediate resistance now. 

Also had mentioned that " Bank Nifty has its immediate resistance in the zone of 36075 - 36175 in the coming session and it needs to close strongly above it for a further move ." ,  and we saw  Bank Nifty make a high of 35985.25 last week breaking above its congestion zone of 35815 but reverse sharply by 1600 points till 34357.35 .

As mentioned "Now on further downside Bank Nifty has strong support at 34200 and as long as it holds it on closing basis we can see  it attempt to bounce back.", we saw Bank Nifty so far make a low of 34357.35 and bounce back towards 34989.10 . 

In the month of June Bank Nifty made a high of 35810.90 and made a low of  33908.95.

Now for the month of July Bank Nifty has to give a consecutive close above 35520 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 34020 for a further correction.


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 37708.75 on 16th Feb 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 15606.35  on 31st May 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.