Sunday, 31 January 2021

Bank Nifty Outlook for 01st Feb

 In the previous session : 

Bank Nifty went down by 104 points then went up by 754 points before closing higher by 207 points on Friday


Bank Nifty made a new life time high of 32842.30 in this upmove from the lows of 16116.25 made on 24th March


On 29th Jan :

Bank Nifty triggered our long trade and completed all target doing 560 points


For 01st Feb :

Sustaining above 30755 enter for 30870 - 31005 - 31365 , SL 30625

Sustaining below 30375 enter for 30260 - 30125 - 29770 , SL 30510



Now for this week :

Bank Nifty has immediate resistance near 30875 - 31070 and sustaining or closing above we can see a further move towards 31590 - 31725 zone

Bank Nifty has immediate support near 30260 - 30060 and sustaining or closing below that we can see a move towards 29540 - 29400 zone

We have the budget on 01st Feb and markets can be volatile . Its better to wait for the announcements to be completed and then to enter a trade as per levels.


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 32842.30 on 21st Jan 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 14753.55  on 21st Jan 2021 from the lows of 7511 made on 24th March 2020.





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. 


Nifty Outlook for 01st Feb

In the previous session : 


Nifty went up by 149 points then went down by 220 points before closing lower by 182 points on Friday as compared to the previous day's close. 







Nifty  made a new life time high of 14753.55 in this upmove from the levels of  7511.10  . 


On 29th Jan :

Nifty initially triggered our long trade with a gap up near our 2nd target and did not give a trade . Post that Nifty reversed and triggered our short trade and completed all targets and more doing 160 points .


For 01st Feb :
 
Sustaining above 13695 enter for 13730 - 13770 - 13880 , SL 13650

Sustaining below 13575 enter for 13540 - 13500 - 13390 , SL 13620


 

Now for this week :

Nifty has immediate resistance at 13730 - 13790 zone and sustaining or closing above it we may see a further move towards 13950 - 13990 zone 

Nifty has immediate support at 13540 - 13480 zone and sustaining or closing below it we may see a further move towards 13320 - 13280 zone . 

We have the budget too on 01st Feb and markets can be expected to be volatile and give good swings. Its better to wait for the budget to get over and then look at a trade as per levels .



 
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"



Join our Telegram Channel "simplytradestocks" for live 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, 28 January 2021

Bank Nifty Outlook for 29th Jan

 In the previous session : 

Bank Nifty went down by 596 points then went up by 180 points before closing higher by 73 points on Thursday


Bank Nifty made a new life time high of 32842.30 in this upmove from the lows of 16116.25 made on 24th March


On 28th Jan :

Bank Nifty triggered our short trade and nearly completed all target doing 400 points


For 29th Jan :

Sustaining above 30540 enter for 30650 - 30775 - 31120 , SL 30410

Sustaining below 30180 enter for 30070 - 29940 - 29600 , SL 30305



Now for this week :

Bank Nifty has immediate resistance near 31450 - 31625 and sustaining or closing above we can see a further move towards 32105 - 32225 zone

Bank Nifty has immediate support near 30885 - 30710 and sustaining or closing below that we can see a move towards 30230 - 30105 zone


So far this week Bank Nifty has made a high of 31697.55 breaking above our immediate resistance but failed to sustain. 

Bank Nifty then sustaining below 30710 we were expecting to see a correction towards 30230 - 30105 zone and below 30105 a further correction towards 29695 - 29250 zone, and Bank Nifty made a low of 29687.70 testing our next targets. 

Now as long as Bank Nifty holds above 29695 - 29250 on dips and manages to break and sustain above 30230 we can see a bounce towards 30710 - 30885 .


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 32842.30 on 21st Jan 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 14753.55  on 21st Jan 2021 from the lows of 7511 made on 24th March 2020.





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. 

Nifty Outlook for 29th Jan

 In the previous session : 


Nifty went down by 254 points before closing lower by 150 points on Thursday as compared to the previous day's close. 







Nifty  made a new life time high of 14753.55 in this upmove from the levels of  7511.10  . 


On 28th Jan :

Nifty triggered our short trade and completed all targets and more doing 185 points .


For 29th Jan :
 
Sustaining above 13875 enter for 13910 - 13955 - 14060 , SL 13835

Sustaining below 13760 enter for 13725 - 13680 - 13575 , SL 13800


 

Now for this week :

Nifty has immediate resistance at 14460 - 14515 zone and sustaining or closing above it we may see a further move towards 14665 - 14700 zone 

Nifty has immediate support at 14285 - 14230 zone and sustaining or closing below it we may see a further move towards 14080 - 14040 zone . 

So far this week Nifty made a high of 14491.10 within our immediate resistance zone and reversed sharply to make a low of 13713.25 completing the expected targets on sustaining below 14040 . Now in the coming session as long as Nifty holds above 13710 on dips we can see a bounce towards 13950 - 14050 levels. 



 
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"



Join our Telegram Channel "simplytradestocks" for live 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, 27 January 2021

Bank Nifty Outlook for 28th Jan

 In the previous session : 

Bank Nifty went up by 88 points then went down by 1032 points before closing lower by 914 points on Wednesday


Bank Nifty made a new life time high of 32842.30 in this upmove from the lows of 16116.25 made on 24th March


On 27th Jan :

Bank Nifty triggered our short trade and completed all target and more doing 869 points


For 28th Jan :

Sustaining above 30460 enter for 30570 - 30695 - 31030 , SL 30340

Sustaining below 30105 enter for 30000 - 29875 - 29540 , SL 30230



Now for this week :

Bank Nifty has immediate resistance near 31450 - 31625 and sustaining or closing above we can see a further move towards 32105 - 32225 zone

Bank Nifty has immediate support near 30885 - 30710 and sustaining or closing below that we can see a move towards 30230 - 30105 zone


So far this week Bank Nifty has made a high of 31697.55 breaking above our immediate resistance but failed to sustain. Bank Nifty sustaining below 30710 we were expecting to see a correction towards 30230 - 30105 zone and Bank Nifty made a low of 30165.65. Now breaking and sustaining below 30105 we can see a further correction towards 29695 - 29250 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 32842.30 on 21st Jan 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 14753.55  on 21st Jan 2021 from the lows of 7511 made on 24th March 2020.





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.