In the previous session :
Bank Nifty went up by 189 points then went down by 453 points before closing lower by 335 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 09th Apr:
Bank Nifty triggered our short trade and nearly completed 2 targets doing 240 points.
For 12th Apr :
Sustaining above 32660 enter for 32785 - 32935 - 33330 , SL 32515
Now for this week :
Bank Nifty has immediate resistance near 32790 - 33000 and sustaining or closing above we can see a further move towards 33585 - 33730 zone
Bank Nifty has immediate support near 32110 - 31890 and sustaining or closing below that we can see a move towards 31300 - 31165 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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