Bank Nifty Outlook for 24th Mar

 In the previous session : 

Bank Nifty went up by 756 points before closing higher by 581 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 23rd Mar:

Bank Nifty triggered our long trade and completed all targets and more doing 600+ points. 

For 24th Mar :

Sustaining above 34335 enter for 34425 - 34525 - 34810 , SL 34230

Sustaining below 34035 enter for 33945 - 33840 - 33560 , SL 34140

Now for this week :

Bank Nifty has immediate resistance near 34525 - 34640 and sustaining or closing above we can see a further move towards 34910 - 35010 zone

Bank Nifty has immediate support near 33800 - 33685 and sustaining or closing below that we can see a move towards 33410 - 33315 zone

So far this week Bank Nifty has made a low 33389.15 and tested our 2nd support zone. Post that it held above 33315 and bounced back to make a high of 34360 in the next session. 

Now Bank Nifty has immediate resistance near 34525 - 34640 and it needs to break and sustain above it for further upmove towards 34910 - 35010. Failing to break or sustain above 34640 can make it correct again towards 33800 - 33685 .

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.

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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.