Bank Nifty Outlook for 30th Jul

 In the previous session : 

Bank Nifty went up by 245 points then went down by 38 points before closing higher by 158 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 Jul:

Bank Nifty triggered our long trade and completed just 1 target doing 70 points and took our trailing stoploss  

For 30th Jul :

Sustaining above 34825 enter for 34905 - 35000 - 35240 , SL 34730

Sustaining below 34560 enter for 34480 - 34385 - 34140 , SL 34655

Now for this week :

Bank Nifty has immediate resistance near 35280 - 35440 and sustaining or closing above we can see a further move towards 35850 - 35970 zone

Bank Nifty has immediate support near 34790 - 34630 and sustaining or closing below that we can see a move towards 34210 - 34100 zone

So far this week Bank Nifty made a low of 34115.20 testing our next support zone and bounced back towards 34800 levels in the next sessions. This was the lowest level on Bank Nifty for this month. 

Now Bank Nifty has immediate resistance at 34630 - 34790 and it needs to break and sustain above it for a further move towards 35000 - 35200 . On the downside breaking and sustaining below 34100 we can see a move towards 33750 - 33350 next.

In the month of July Bank Nifty made a high of 35985.25 and made a low of  34115.20.

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.