Wednesday, 31 March 2021

Bank Nifty Outlook for 01st Apr

 In the previous session : 

Bank Nifty went down by 723 points before closing lower by 570 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 31st Mar:

Bank Nifty triggered our short trade and nearly completed all targets doing 500+ points .


For 01st Apr :

Sustaining above 33500 enter for 33620 - 33760 - 34130 , SL 33365


Sustaining below 33100 enter for 32990 - 32850 - 32480 , SL 33245



Now for this week :

Bank Nifty has immediate resistance near 33605 - 33780 and sustaining or closing above we can see a further move towards 34270 - 34390 zone

Bank Nifty has immediate support near 33030 - 32855 and sustaining or closing below that we can see a move towards 32370 - 32245 zone

So far this week Bank Nifty made a high of 33990.80 breaking above our initial resistance zone and also closed above it . Post that we saw Bank Nifty make a low of 33151.80 coming close to testing our initial support zone of 32855 - 33030 . 

Now as long as Bank Nifty sustains above 33030 we can see a move again towards 33605 - 33780 and on sustaining above 33780 a further move towards 34270 - 34390 .

Now on the downside immediate support is at 32855 - 33030 and if Bank Nifty breaks and sustains below it then we can see a further move towards 32245 - 32370 . 


Overall Bank Nifty needs to give a strong or consecutive close above 36840 to regain strength .


So far Bank Nifty has made a high of 36497.35 this month.




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.

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 01st Apr

 In the previous session : 


Nifty went down by 175 points before closing lower by 155 points on Wednesday 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 31st Mar :

Nifty triggered our short trade and nearly completed 2 targets doing 90 points . 


For 01st Apr :
 
Sustaining above 14770 enter for 14815 - 14870 - 15015 , SL 14715

Sustaining below 14610 enter for 14565 - 14510 - 14365 , SL 14665

 

Now for this week :

Nifty has immediate resistance at 14610 - 14670 zone and sustaining or closing above it we may see a further move towards 14845 - 14890 zone 

Nifty has immediate support at 14405 - 14345 zone and sustaining or closing below it we may see a further move towards 14170 - 14125 zone . 

So far this week we saw Nifty make a high of 14876.30 within the next resistance zone and also closed within it . Post that in the next session we saw Nifty correct till 14670.25 which was the immediate support level mentioned in the previous post . 

Now in the coming session Nifty has to hold the support zone of  14610 - 14670 to make another attempt at 14845 - 14890 zone where it can face resistance again.

Now on the downside if Nifty breaks below 14610 - 14670 zone then a further move towards 14345 - 14405 can be seen. 


So far in the month of March we have seen a high of 15336.30 but Nifty failed to close above 15290 and we saw a sharp correction of nearly 1000 points till 14264.40 .








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.

Bank Nifty Outlook for 31st Mar

  In the previous session : 

Bank Nifty went up by 672 points before closing higher by 557 points on Tuesday.


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 30th Mar:

Bank Nifty triggered our long trade with a gap up and nearly completed all targets doing 400+ points .


For 31st Mar :

Sustaining above 34075 enter for 34195 - 34335 - 34710 , SL 33935


Sustaining below 33670 enter for 33555 - 33415 - 33040 , SL 33815



Now for this week :

Bank Nifty has immediate resistance near 33605 - 33780 and sustaining or closing above we can see a further move towards 34270 - 34390 zone

Bank Nifty has immediate support near 33030 - 32855 and sustaining or closing below that we can see a move towards 32370 - 32245 zone

So far this week Bank Nifty made a high of 33990.80 breaking above our initial resistance zone and also closed above it . Now as long as Bank Nifty sustains above 33605 we can see a move towards 34270 - 34390 next


Now on the downside immediate support is at 33605 - 33460 and Bank Nifty needs to break and sustain below it for a further move towards 33030 - 32855 . 



Overall Bank Nifty needs to give a strong or consecutive close above 36840 to regain strength .


So far Bank Nifty has made a high of 36497.35 this month.




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.

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 31st Mar

  In the previous session : 


Nifty went up by 369 points before closing higher by 338 points on Tuesday 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 30th Mar :

Nifty triggered our long trade with a gap up and completed all targets and more doing 250+ points . 


For 31st Mar :
 
Sustaining above 14925 enter for 14975 - 15030 - 15180 , SL 14870

Sustaining below 14765 enter for 14720 - 14660 - 14510 , SL 14820

 

Now for this week :

Nifty has immediate resistance at 14610 - 14670 zone and sustaining or closing above it we may see a further move towards 14845 - 14890 zone 

Nifty has immediate support at 14405 - 14345 zone and sustaining or closing below it we may see a further move towards 14170 - 14125 zone . 

So far this week we saw Nifty make a high of 14876.30 within the next resistance zone and also closed within it . Now in the coming sessions Nifty has to sustain above 14890 for a further move towards 15040 - 15190

Now on the downside Nifty has immediate support at 14610 - 14670 zone and if it breaks and sustains below it then a further move towards 14345 - 14405 can be seen. 


So far in the month of March we have seen a high of 15336.30 but Nifty failed to close above 15290 and we saw a sharp correction of nearly 1000 points till 14264.40 .








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.

Monday, 29 March 2021

Bank Nifty Outlook for 30th Mar

  In the previous session : 

Bank Nifty went up by 604 points before closing higher by 311 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 Mar:

Bank Nifty triggered our long trade with a gap up and nearly completed all targets . It also gave a dip for entry and did 300+ points


For 30th Mar :

Sustaining above 33495 enter for 33600 - 33725 - 34060 , SL 33370


Sustaining below 33140 enter for 33035 - 32910 - 32580 , SL 33265



Now for this week :

Bank Nifty has immediate resistance near 33605 - 33780 and sustaining or closing above we can see a further move towards 34270 - 34390 zone

Bank Nifty has immediate support near 33030 - 32855 and sustaining or closing below that we can see a move towards 32370 - 32245 zone


Now as long as Bank Nifty is unable to break and sustain above 33780 we can see it correct again towards 33030 - 32855 initially and sustaining below it towards 32370 - 32245 . 



Overall Bank Nifty needs to give a strong or consecutive close above 36840 to regain strength .


So far Bank Nifty has made a high of 36497.35 this month.




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.

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.