Bank Nifty Outlook for 30th Jun

 In the previous session : 

Bank Nifty went down by 445 points before closing lower by 349 points on Tuesday.

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 Jun:

Bank Nifty triggered our short trade and completed all targets doing 300 points. 

For 30th Jun :

Sustaining above 35160 enter for 35220 - 35275 - 35490 , SL 35045

Sustaining below 34860 enter for 34805 - 34745 - 34535 , SL 34975

Now for this week :

Bank Nifty has immediate resistance near 35550 - 35670 and sustaining or closing above we can see a further move towards 35990 - 36070 zone

Bank Nifty has immediate support near 35180 - 35060 and sustaining or closing below that we can see a move towards 34740 - 34660 zone

So far this week Bank Nifty made a high of 35576.95 testing our initial weekly resistance zone and corrected by 650 points . Bank Nifty broke and closed below the initial weekly support zone of 35180 - 35060 and now unless Bank Nifty breaks and sustains above 35670 on upmoves it can make a move towards 34740 - 34660 zone . 

Overall Bank Nifty has support near 33900 - 34170 zone on the downside and unless it closes below this range it can attempt to recover

Also as mentioned in the previous post too "Now unless Bank Nifty sustains or closes above 35550 - 35670 zone it will keep coming under pressure on upmoves and if manages to sustain then we can see a move towards 35990 - 36070. " , so Bank Nifty made a high of 35576.95 and failed to break above 35670 and corrected till 34913.70 till now . 

In the month of June Bank Nifty made a high of 35810.90 and made a low of  33908.95.

Had mentioned at the start of June series " 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." , So far Bank Nifty has made a high of 35810.90 and a low of 33908.95 but failed to close beyond the trading range of 34490 - 36560 for a bigger move .  

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.