Sunday, 28 February 2021

Bank Nifty Outlook for 01st March

 In the previous session : 

Bank Nifty went down by 1890 points before closing lower by 1745 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 26th Feb :

Bank Nifty triggered our long trade with a gap down below our 2nd target and corrected further by 1147 points .


For 01st Mar :

Sustaining above 35175 enter for 35325 - 35465 - 36005 , SL 34890

Sustaining below 34430 enter for 34280 - 34140 - 33600 , SL 34715



Now for this week :

Bank Nifty has immediate resistance near 35560 - 35790 and sustaining or closing above we can see a further move towards 36350 - 36550 zone

Bank Nifty has immediate support near 34050 - 33820 and sustaining or closing below that we can see a move towards 33260 - 33050 zone



Now Bank Nifty needs to give a strong or consecutive close above 36840 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 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 15431.75  on 16th Feb 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. 




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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 01st Mar

 In the previous session : 


Nifty went down by 630 points before closing lower by 568 points on Friday as compared to the previous day's close. 







Nifty  made a new life time high of 15431.75 in this upmove from the levels of  7511.10  . 


On 26th Feb :

Nifty triggered our short trade with a big gap down and corrected further by 421 points . 


For 01st Mar :
 
Sustaining above 14640 enter for 14690 - 14730 - 14895 , SL 14555

Sustaining below 14415 enter for 14370 - 14330 - 14165 , SL 14505


 

Now for this week :

Nifty has immediate resistance at 14760 - 14830 zone and sustaining or closing above it we may see a further move towards 15000 - 15060 zone 

Nifty has immediate support at 14300 - 14230 zone and sustaining or closing below it we may see a further move towards 14060 - 14000 zone . 



Overall now Nifty needs to sustain and close above 15150 for any strength to be resumed on the upside in March .

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



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, 25 February 2021

Bank Nifty Outlook for 26th Feb

 In the previous session : 

Bank Nifty went up by 780 points before closing higher by 97 points on Thursday.


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 25th Feb :

Bank Nifty triggered our long trade and completed 2 targets and more doing 427 points


For 26th Feb :

Sustaining above 36900 enter for 37040 - 37170 - 37680 , SL 36630

Sustaining below 36200 enter for 36060 - 35925 - 35420 , SL 36470



Now for this week :

Bank Nifty has immediate resistance near 36155 - 36510 and sustaining or closing above we can see a further move towards 36890 - 37030 zone

Bank Nifty has immediate support near 35525 - 35175 and sustaining or closing below that we can see a move towards 34790 - 34655 zone

So far this week Bank Nifty has triggered our shorts and completed the initial targets till 35175 and exceeded it with a low of 34976

As mentioned in the previous update "Now Bank Nifty needs to sustain above 36510 as per weekly levels to make a move towards 36890 - 37030 next ." , and we saw Bank Nifty make a high of 37232.20 on sustaining above 36510.

Now Bank Nifty needs to break and sustain above 37265 for a further upmove towards 37500 - 37700 levels and failing to do so we can see some corretion towards 36155 - 35925 levels initially .

Caution was advised on entering fresh long positions near 37000 - 37500 and we saw Bank Nifty make a high of 37708.75 and reverse from there to make a low of 34976  till now falling 2500 points.


Post that caution was advised on staying short and we saw a bounce from 34976 till 37232.20 so far rising nearly 2300 points .


Now Bank Nifty needs to give a strong or consecutive close above 37265 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 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 15431.75  on 16th Feb 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 26th Feb

 In the previous session : 


Nifty went up by 194 points before closing higher by 115 points on Thursday as compared to the previous day's close. 







Nifty  made a new life time high of 15431.75 in this upmove from the levels of  7511.10  . 


On 25th Feb :

Nifty triggered our long trade and completed 2 targets and more doing 111 points. 


For 26th Feb :
 
Sustaining above 15180 enter for 15215 - 15245 - 15365 , SL 15115

Sustaining below 15015 enter for 14980 - 14950 - 14830 , SL 15080


 

Now for this week :

Nifty has immediate resistance at 15035 - 15090 zone and sustaining or closing above it we may see a further move towards 15155 - 15180 zone 

Nifty has immediate support at 14930 - 14870 zone and sustaining or closing below it we may see a further move towards 14810 - 14780 zone . 

So far this week Nifty has triggered our weekly short and completed both targets till 14780 and exceeded it  by making a low of 14635.05 .

As mentioned in the previous update "Nifty now has immediate resistance at 15035 - 15095 and needs to break and sustain above it for a move till 15155 - 15180 and failing to break and close above these levels we can see the correction resume." , and we saw Nifty make a high of 15176.50 on breaking above 15035 - 15090 achieving our targets of 15155 - 15180 .

Now unless Nifty breaks and sustains above 15180 we can see some selling pressure and a move towards 15060 - 15015 initially and below it towards 14980 - 14950 too.





Overall now Nifty needs to sustain and close above 15215 for any strength to be resumed on the upside .



Caution was advised on entering fresh long positions near 15450 - 15550 and we saw a high of 15431.75 from where Nifty has reversed to make a low of 14635.05 till now falling nearly 800 points 

Post that caution was advised on holding shorts and entering new short at 14667 and we bounced back till 15176.50 so far .


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



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.