Tuesday, 31 August 2021

Bank Nifty Outlook for 01st Sep

 In the previous session : 

Bank Nifty went down by 131 points then went up by 205 points before closing higher by 77 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 31st Aug :

Bank Nifty triggered our long trade but did not complete any targets indicating indecisiveness. 

For 01st Sep :

Sustaining above 36570 enter for 36660 - 36760 - 37035 , SL 36470

Sustaining below 36280 enter for 36190 - 36090 - 35810 , SL 36380


Now for this week :

Bank Nifty has immediate resistance near 35810 - 35925 and sustaining or closing above we can see a further move towards 36240 - 36320 zone

Bank Nifty has immediate support near 35445 - 35330 and sustaining or closing below that we can see a move towards 35015 - 34940 zone

So far this week Bank Nifty made a high of 36552.80 breaking above our next resistance zone and also closed above it . Now in the coming session Bank Nifty breaking and sustain above 36570 can move towards 36940 - 37110 next. On the downside breaking below 36200 we can see a move towards 36000 - 35800 where it has its immediate support .

In the month of August Bank Nifty made a high of 36552.80 and made a low of  34588.25

As mentioned at the start of the month " Now for the month of August Bank Nifty has to give a consecutive close above 35300 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 33870 for a further correction." , and Bank Nifty has made a high of 36552.80  doing nearly 1250 points . 

Now for the month of September Bank Nifty has to give a consecutive close above 37220 for a further move on the upside. On the downside Bank Nifty has to give a consecutive close below 35630 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 16349.45 on 06th Aug 2021 from the lows of 7511 made on 24th March 2020.

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Nifty Outlook for 01st Sep

In the previous session :

Nifty went down by 15 points and then went up by 198 points before closing higher by 197 points on Tuesday.



Nifty made a new life time high of 17129.25 in this upmove from the lows of 7511.10 made on 24th March 2020


On 31st Aug :-

Nifty triggered our long trade and completed all targets and more doing 150 points. 

For 01st Sep :-

Sustaining above 17170 enter for 17195 - 17225 - 17300 , SL 17140

Sustaining below 17085 enter for 17060 - 17030 - 16955 , SL 17115


Now for this week :

Nifty has immediate resistance at 16750 - 16775 zone and sustaining or closing above we may see a further move towards 16845 - 16865 zone

Nifty has immediate support at 16665 - 16635 zone and sustaining or closing below that we may see a move towards 16565 - 16545 zone

So far this week Nifty made a high of 17129.25 breaking above our new resistance zone of 17015 - 17030 and nearly completed the targets at 17180 - 17350 . Now in the coming session Nifty has to break and sustain above 17180 for a further move and failing to do so we can some correction towards 17030 - 17015 and below it towards 16900 - 16850 next . 

In the month of August Nifty made a high of 17129.25 and made a low of  15834.65 

As mentioned at the start of the month "For the month of August Nifty has to give a consecutive close above 15975 for a further move on the upside .  On the downside Nifty has to give a consecutive close below 15550 for a further correction." , and we saw Nifty make a high of 17129.25 giving a 1150 points move post a consecutive close above 15975 . 

Now for the month of September Nifty has to give a consecutive close above 17355 for a further move on the upside . On the downside Nifty has to give a consecutive close below 16900 for a further 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 .                              


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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.  

Monday, 30 August 2021

Bank Nifty Outlook for 31st Aug

In the previous session : 

Bank Nifty went up by 770 points before closing higher by 720 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 30th Aug :

Bank Nifty triggered our long trade and completed all targets and more doing 650 points. 


For 31st Aug :

Sustaining above 36495 enter for 36590 - 36690 - 36975 , SL 36395

Sustaining below 36200 enter for 36105 - 36000 - 35720 , SL 36300


Now for this week :

Bank Nifty has immediate resistance near 35810 - 35925 and sustaining or closing above we can see a further move towards 36240 - 36320 zone

Bank Nifty has immediate support near 35445 - 35330 and sustaining or closing below that we can see a move towards 35015 - 34940 zone

So far this week Bank Nifty made a high of 36398.45 breaking above our next resistance zone and also closed above it . Now in the coming session Bank Nifty breaking and sustain above 36460 can move towards 36940 - 37110 next. On the downside breaking below 36200 we can see a move towards 36000 - 35800 where it has its immediate support .

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

As mentioned at the start of the month " Now for the month of August Bank Nifty has to give a consecutive close above 35300 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 33870 for a further correction." , and Bank Nifty has made a high of 36398.45 so far doing nearly 1100 points . Now Bank Nifty has to hold above 36250 for a further move towards 36600 -  36900 next and failing to do so we may see it dip again .


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 16349.45 on 06th Aug 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 Aug

 In the previous session :

Nifty went up by 246 points before closing higher by 226 points on Monday.



Nifty made a new life time high of 16951.50 in this upmove from the lows of 7511.10 made on 24th March 2020


On 30th Aug :-

Nifty triggered our long trade and completed all targets and more doing 150points. 

For 31st Aug :-

Sustaining above 16970 enter for 16990 - 17015 - 17085 , SL 16940

Sustaining below 16895 enter for 16875 - 16845 - 16775 , SL 16920


Now for this week :

Nifty has immediate resistance at 16750 - 16775 zone and sustaining or closing above we may see a further move towards 16845 - 16865 zone

Nifty has immediate support at 16665 - 16635 zone and sustaining or closing below that we may see a move towards 16565 - 16545 zone

So far this week Nifty made a high of 16951.50 breaking above our next resistance zones and also closed well above it . Now in the coming session Nifty has to break and sustain above its immediate resistance at 17015 - 17030 for a further move towards 17180 - 17350 and if takes resistance at 17015 - 17030 we may see a dip towards 16900 - 16850 . On the downside Nifty has to hold above 16630 incase of a correction to expect a bounce. 

In the month of July Nifty made a high of 15962.25 and made a low of  15513.45 .

As mentioned at the start of the month "For the month of August Nifty has to give a consecutive close above 15975 for a further move on the upside .  On the downside Nifty has to give a consecutive close below 15550 for a further correction." , and we saw Nifty make a high of 16951.50 giving a 975 points move post a consecutive close above 15975 . 

Nifty completed all our expected targets on the upside of 16650 - 16700 zone with a high of 16722.05 and we can see some profit booking from there on further upmove

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, 29 August 2021

Bank Nifty Outlook for 30th Aug

In the previous session : 

Bank Nifty went down by 258 points then went up by 110 points before closing higher by 10 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 27th Aug :

Bank Nifty triggered our short trade and nearly completed 2 targets doing 140 points. 


For 30th Aug :

Sustaining above 35740 enter for 35810 - 35890 - 36100 , SL 35660

Sustaining below 35515 enter for 35445 - 35365 - 35155 , SL 35595


Now for this week :

Bank Nifty has immediate resistance near 35810 - 35925 and sustaining or closing above we can see a further move towards 36240 - 36320 zone

Bank Nifty has immediate support near 35445 - 35330 and sustaining or closing below that we can see a move towards 35015 - 34940 zone

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

As mentioned at the start of the month " Now for the month of August Bank Nifty has to give a consecutive close above 35300 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 33870 for a further correction." , and Bank Nifty has made a high of 36317 so far doing 1000 points . Post that Bankk Nifty had to give a close above 36250 for a further move towards 36600 -  36900 next and failing to do so we saw it dip till 34926.50.


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 16349.45 on 06th Aug 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.