Monday, 31 May 2021

Bank Nifty Outlook for 01st Jun

 In the previous session : 

Bank Nifty went down by 211 points then went up by 443 points before closing higher by 385 points on Monday.


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 31st May:

Bank Nifty initially triggered our short trade and took our stoploss . Post that Bank Nifty reversed to trigger our long trade and completed 2 targets doing 250 points 

For 01st Jun :

Sustaining above 35775 enter for 35875 - 35965 - 36325  , SL 35585


Sustaining below 35280 enter for 35180 - 35080 - 34730 , SL 35470


Now for this week :

Bank Nifty has immediate resistance near 35450 - 35640 and sustaining or closing above we can see a further move towards 36170 - 36310 zone

Bank Nifty has immediate support near 34830 - 34640 and sustaining or closing below that we can see a move towards 34110 - 33980 zone

So far this week Bank Nifty made a high of 35584.30 testing the initial weekly resistance and also closed within it . Now Bank Nifty has to sustain above 35640 for a move towards 36170 - 36310.

Now as long as Bank Nifty is closing above 34400 on dips we can see it bounce back. On the upside Bank Nifty can see some selling pressure near 35770 - 35800. 

 As mentioned for this month "On the upside Bank Nifty has strong resistance at 33580 - 34070 zone and it needs to give a consecutive close above it for further gains.", Bank Nifty made a high of 35584.30 on closing consecutively above 34070.

In the month of May Bank Nifty made a high of 35584.30 and made a low of  31906.55 .

Now in June Bank Nifty has to give a consecutive close above 36560 for a stronger upmove . On the downside Bank Nifty has to give a consecutive close below 34490 for a stronger correction. 

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 15606.35  on 31st May 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. 

Nifty Outlook for 01st Jun

 In the previous session :

Nifty went down by 62 points then went up by 170 points before closing higher by 147 points on Monday.



Nifty made a new life time high of 15606.35 in this upmove from the lows of 7511.10 made on 24th March 2020



On 31st May :

Nifty initially triggered our short trade and took our stoploss . Post that Nifty reversed to  trigger our long trade and nearly reached our last target doing 120 points. 

For 01st Jun :

Sustaining above 15640 enter for 15665 - 15685 - 15770 , SL 15595

Sustaining below 15525 enter for 15505 - 15480 - 15400 , SL 15570


Now for this week :

Nifty has immediate resistance at 15510 - 15560 zone and sustaining or closing above we may see a further move towards 15680 - 15720 zone

Nifty has immediate support at 15360 - 15315 and sustaining or closing below that we may see a move towards 15190 - 15155 zone

So far this week Nifty made a high of 15606.35 and closed well above our initial weekly resistance and now sustaining above 15560 we can see Nifty make a move towards 15680 - 15720 next.

Now as long as Nifty is closing above 15270 on corrections we can see it bounce back . On the upside Nifty can see some selling pressure near 15650 - 15670 .

As mentioned for the month of May "On the upside Nifty has strong resistance at 14850 - 14980 and it needs to give a consecutive close above it for further upmove.", we saw Nifty make a high of 15606.35 on giving a consecutive close above 14980 .

In the month of May Nifty made a high of 15606.35 and made a low of  14416.25 .


For the month of June Nifty has to give a consecutive close above 15825 for the upmove to gain strength. On the downside Nifty has to give a consecutive close below 15340 for a stronger correction.

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.




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. 


Sunday, 30 May 2021

Bank Nifty Outlook for 31st May

 In the previous session : 

Bank Nifty went up by 341 points then went down by 118 points before closing higher by 46 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 28th May:

Bank Nifty triggered our long trade and took our stoploss without doing any target. 

For 31st May :

Sustaining above 35330 enter for 35450 - 35580 - 35940  , SL 35200


Sustaining below 34950 enter for 34835 - 34700 - 34340 , SL 35070


Now for this week :

Bank Nifty has immediate resistance near 35450 - 35640 and sustaining or closing above we can see a further move towards 36170 - 36310 zone

Bank Nifty has immediate support near 34830 - 34640 and sustaining or closing below that we can see a move towards 34110 - 33980 zone

Now as long as Bank Nifty is closing above 34400 on dips we can see it bounce back. On the upside Bank Nifty can see some selling pressure near 35770 - 35800. 

 As mentioned for this month "On the upside Bank Nifty has strong resistance at 33580 - 34070 zone and it needs to give a consecutive close above it for further gains.", Bank Nifty made a high of 35436.65 on closing consecutively above 34070.

In the month of May Bank Nifty made a high of 35436.65 and made a low of  31906.55 .

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 15469.65  on 28th May 2021 from the lows of 7511 made on 24th March 2020.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily in your inbox, kindly register by adding your email id in 6 the 'Subscribe to my posts' section on the top right side of the blog.




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. 

Nifty Outlook for 31st May

 In the previous session :

Nifty went up by 132 points before closing higher by 98 points on Friday.



Nifty made a new life time high of 15469.65 in this upmove from the lows of 7511.10 made on 24th March 2020



On 28th May :

Nifty triggered our long trade and completed 2 targets doing 70 points. 

For 31st May :

Sustaining above 15480 enter for 15510 - 15540 - 15630 , SL 15450

Sustaining below 15390 enter for 15365 - 15330 - 15250 , SL 15420


Now for this week :

Nifty has immediate resistance at 15510 - 15560 zone and sustaining or closing above we may see a further move towards 15680 - 15720 zone

Nifty has immediate support at 15360 - 15315 and sustaining or closing below that we may see a move towards 15190 - 15155 zone

Now as long as Nifty is closing above 15150 on corrections we can see it bounce back . On the upside Nifty can see some selling pressure near 15650 - 15670 .

As mentioned for the month of ay "On the upside Nifty has strong resistance at 14850 - 14980 and it needs to give a consecutive close above it for further upmove.", we saw Nifty make a high of 15469.65 on giving a consecutive close above 14980 .

In the month of May Nifty made a high of 15469.65 and made a low of  14416.25 .


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" .

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.




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. 


Thursday, 27 May 2021

Bank Nifty Outlook for 28th Oct

 In the previous session : 

Bank Nifty went down by 155 points then went up by 536 points before closing higher by 410 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 27th May:

Bank Nifty triggered our long trade and completed nearly 2 targets doing 190 points . 

For 28th May :

Sustaining above 35330 enter for 35475 - 35640 - 36080 , SL 35160


Sustaining below 34860 enter for 34715 - 34550 - 34100 , SL 35020


Now for this week :

Bank Nifty has immediate resistance near 35025 - 35285 and sustaining or closing above we can see a further move towards 36000 - 36185 zone

Bank Nifty has immediate support near 34190 - 33930 and sustaining or closing below that we can see a move towards 33200 - 33000 zone

So far this week Bank Nifty has made a high of 35220.80 testing our initial weekly resistance zone and closed within it .  Now it needs to break and sustain above 35285 for a further move towards 36000 - 36185 else we may see it dip till 33700 levels 

Now as long as Bank Nifty is closing above 33700 on dips we can see it bounce back. On the upside Bank Nifty can see some selling pressure near 35025 - 35285. 

This month Bank Nifty has strong support on the downside at 31990 - 31490 zone and it needs to give a consecutive close below for further declines .  

On the upside Bank Nifty has strong resistance at 33580 - 34070 zone and it needs to give a consecutive close above it for further gains.

In the month of April Bank Nifty made a high of 34287 and made a low of  30405.20 .

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.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.




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.