In the previous session :
Bank Nifty went up by 212 points then went down by 201 points before closing lower by 135 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 16th Apr:
Bank Nifty traded between our long and short trigger levels indicating indecisiveness .
For 19th Apr :
Sustaining above 32360 enter for 32515 - 32660 - 33200 , SL 32110
Now for this week :
Bank Nifty has immediate resistance near 32455 - 32755 and sustaining or closing above we can see a further move towards 33570 - 33775 zone
Bank Nifty has immediate support near 31500 - 31200 and sustaining or closing below that we can see a move towards 30380 - 30180 zone
In the month of April , Bank Nifty has broken the low of 32415.25 made in March by nearly 1900 points with a low of 30520.30. Post that we saw a quick bounce of 1800 points till 32325.15 .
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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