Bank Nifty Outlook for 19th Jul

 In the previous session : 

Bank Nifty went up by 70 points then went up by 233 points before closing lower by 156 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 15th Jul:

Bank Nifty triggered our short trade and completed just 1 targets and more doing 120 points 

For 19th Jul :

Sustaining above 35900 enter for 35955 - 36010 - 36225 , SL 35785

Sustaining below 35605 enter for 35550 - 35490 - 35280 , SL 35720

Now for this week :

Bank Nifty has immediate resistance near 35935 - 36045 and sustaining or closing above we can see a further move towards 36355 - 36435 zone

Bank Nifty has immediate support near 35570 - 35450 and sustaining or closing below that we can see a move towards 35150 - 35060 zone

Now Bank Nifty has to hold above 35060 on corrections to bounce back towards 36000 levels .

Bank Nifty has its immediate resistance in the zone of 36075 - 36175 in the coming session and it needs to close strongly above it for a further move .

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

Now for the month of July Bank Nifty has to give a consecutive close above 35520 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 34020 for a further 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.