Bank Nifty Outlook for 30th Apr

  In the previous session : 

Bank Nifty went up by 564 points then went down by 418 before closing lower by 8 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 29th Apr:

Bank Nifty triggered our long trade and completed 2 targets and more doing 400 points .

For 30th Apr :

Sustaining above 33920 enter for 34040 - 34190 - 34560 , SL 33775

Sustaining below 33510 enter for 33390 - 33240 - 32860 , SL 33650

Now for this week :

Bank Nifty has immediate resistance near 32185 - 32475 and sustaining or closing above we can see a further move towards 33260 - 33460 zone

Bank Nifty has immediate support near 31260 - 30970 and sustaining or closing below that we can see a move towards 30180 - 29980 zone

This week Bank Nifty has made a high of 34827 completing all our expected levels for the week.

Now Bank Nifty has to break and sustain above 33975 to retest this weeks high and move towards 34370 - 34550 . On dips breaking and sustaining below 33500 we can see a move towards 33250 - 33000. Those who are holding existing longs should look to book once in this upmove .

In the month of April , Bank Nifty  has broken the low of 32415.25 made in March by nearly 2000 points with a new low of 30405.65 after the bounce of 1800 points till 32325.15 we saw from the earlier low of 30520.30  .

Overall Bank Nifty needs to give a strong or consecutive close above 35140 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.