In the previous session :
Bank Nifty went down by 95 points then went up by 645 points before closing higher by 554 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 01st Apr:
Bank Nifty triggered our long trade and nearly completed all targets doing 450 points .
For 05th Apr :
Sustaining above 34070 enter for 34195 - 34350 - 34750 , SL 33920
Now for this week :
Bank Nifty has immediate resistance near 34200 - 34410 and sustaining or closing above we can see a further move towards 34990 - 35140 zone
Bank Nifty has immediate support near 33510 - 33300 and sustaining or closing below that we can see a move towards 32700 - 32575 zone
Overall 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.
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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.
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