Thursday, 30 September 2021

Bank Nifty Outlook for 01st Oct

 In the previous session : 

Bank Nifty went up by 142 points then went down by 389 points before closing lower by 318 points on Thursday.


Bank Nifty made a new life time high of 38377.25 in this upmove from the lows of 16116.25 made on 24th March


On 30th Sep :

Bank Nifty triggered our short trade and completed 2 targets doing 225 points 

For 01st Oct :

Sustaining above 37585 enter for 37680 - 37790 - 38090 , SL 37475

Sustaining below 37265 enter for 37170 - 37060 - 36760 , SL 37375


Now for this week :

Bank Nifty has to break and sustain above 38115 - 38290 where it has its initial resistance for a further move towards 38770 - 38890 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 37550 - 37370 where it has its initial support for a further move towards 36890 - 36770 where it has its next support for the week 

So far this week Bank Nifty made a high of 38377.25 breaking above our initial resistance zone but failed to close above it . Post that Bank Nifty corrected till 37315.20 testing our initial support zone and bounced back to close at 37945 . Now in the coming sessions Bank Nifty has to hold above 37300 for a bounce else breaking and sustaining below it we may see a move towards 36890 - 36770 . On the upside Bank Nifty has immediate resistance at 37750 - 37800 . 

Had mentioned earlier "Bank Nifty needs to give a close above 38270 for a further move towards 38980 - 39770 else we may see a dip towards 37200 - 36900 zone", and failing to give a close above 38270 so far Bank Nifty has made a low of 37315.20

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 38377.25 on 28th Sep 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 17947.65 on 23rd Sep 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 Oct

 In the previous session :

Nifty went down by 30 points then went up by 125 points before closing lower by 93 points on Thursday.



Nifty made a new life time high of 17947.65 in this upmove from the lows of 7511.10 made on 24th March 2020


On 30th Sep :-

Nifty triggered our short trade and completed 2 targets doing 75 points . 

For 01st Oct :-

Sustaining above 17670 enter for 17700 - 17740 - 17835 , SL 17635

Sustaining below 17565 enter for 17535 - 17500 - 17400 , SL 17600

Now for this week :

Nifty has to break and sustain above 17935 - 17985 where it has its initial resistance for a further move towards 18125 - 18160 where it has its next resistance for the week

Nifty has to break and sustain below 17770 - 17720 where it has its initial support for a further move towards 17585 - 17550 where it has its next support for the week

So far this week Nifty has made a high of 17943.50 testing our initial resistance . Post that Nifty corrected till 17576.10 testing our next support zone . Now in the coming session Nifty has to sustain above 17700 - 17740 to move back towards 17800 - 17830 . On the downside Nifty has immediate support near 17585 - 17550 and breaking below it we may see a move towards 17430 - 17300 . 

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.   

Wednesday, 29 September 2021

Bank Nifty Outlook for 30th Sep

 In the previous session : 

Bank Nifty went down by 574 points before closing lower by 202 points on Wednesday.


Bank Nifty made a new life time high of 38377.25 in this upmove from the lows of 16116.25 made on 24th March


On 29th Sep :

Bank Nifty triggered our short trade with a gap down below our 1st target and completed 2 targets doing 225 points 

For 30th Sep :

Sustaining above 37900 enter for 38000 - 38105 - 38400 , SL 37790

Sustaining below 37585 enter for 37495 - 37380 - 37100 , SL 37695


Now for this week :

Bank Nifty has to break and sustain above 38115 - 38290 where it has its initial resistance for a further move towards 38770 - 38890 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 37550 - 37370 where it has its initial support for a further move towards 36890 - 36770 where it has its next support for the week 

So far this week Bank Nifty made a high of 38377.25 breaking above our initial resistance zone but failed to close above it . Post that Bank Nifty corrected till 37315.20 testing our initial support zone and bounced back to close at 37945 . Now in the coming sessions Bank Nifty has to hold above 37300 on dips again for a bounce else breaking and sustaining below it we may see a move towards 36890 - 36770 . On the upside Bank Nifty has immediate resistance at 38115 - 38290 . 

In the month of August Bank Nifty made a high of 36552.80 after confirming our monthly long trade with a consecutive close above 35300 doing 1250 points 

As mentioned at the start of the month "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", and today Bank Nifty has now given a consecutive close above 37220 and also made a new lifetime high of 38112.75 which is within the initial target zone of 38050 - 38270. 

Bank Nifty needs to give a close above 38270 for a further move towards 38980 - 39770 else we may see a dip towards 37200 - 36900 zone.

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 38377.25 on 28th Sep 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 17947.65 on 23rd Sep 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 30th Sep

 In the previous session :

Nifty went down by 140 points then went up by 33 points before closing lower by 37 points on Wednesday.



Nifty made a new life time high of 17947.65 in this upmove from the lows of 7511.10 made on 24th March 2020


On 29th Sep :-

Nifty triggered our short trade with a gap down below our 1st target and completed 2 targets doing 50 points . 

For 30th Sep :-

Sustaining above 17765 enter for 17795 - 17830 - 17925 , SL 17725

Sustaining below 17660 enter for 17630 - 17595 - 17500 , SL 17695

Now for this week :

Nifty has to break and sustain above 17935 - 17985 where it has its initial resistance for a further move towards 18125 - 18160 where it has its next resistance for the week

Nifty has to break and sustain below 17770 - 17720 where it has its initial support for a further move towards 17585 - 17550 where it has its next support for the week

So far this week Nifty has made a high of 17943.50 testing our initial resistance . Post that Nifty corrected till 17576.10 testing our next support zone and bounced back to close at 17748.60. Now in the coming session Nifty has to sustain above 17720 - 17770 to move back towards 17935 - 17985 . On the downside Nifty has immediate support near 17585 - 17550 and breaking below it we may see a move towards 17430 - 17300 . 

In the month of August Nifty made a high of 17129.25 after confirming our monthly long trade with a consecutive close above 15975 and did nearly 1150 points. 

As as mentioned at the start of the month "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. " , and now Nifty has made a new high of 17947.65 . 

As mentioned earlier "Now Nifty needs to give a close above 17655 for a further move towards 17850 - 18080 zone failing which we may see a dip towards 17350 - 17270. We are now above the caution zone advised for taking fresh long positions. ", and Nifty sustaining above 17655 made a high so far of 17947.65 testing our target zone of 17850 - 18080 .

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.   

Tuesday, 28 September 2021

Bank Nifty Outlook for 29th Sep

  In the previous session : 

Bank Nifty went up by 206 points then went down by 856 points before closing lower by 226 points on Tuesday.


Bank Nifty made a new life time high of 38377.25 in this upmove from the lows of 16116.25 made on 24th March


On 28th Sep :

Bank Nifty initially triggered our long trade but did not complete any target and took our stoploss. Post that Bank Nifty reversed to trigger our short trade and completed all targets and more doing 675 points . 

For 29th Sep :

Sustaining above 38125 enter for 38235 - 38365 - 38705 , SL 38000

Sustaining below 37765 enter for 37655 - 37525 - 37185 , SL 37890

Now for this week :

Bank Nifty has to break and sustain above 38115 - 38290 where it has its initial resistance for a further move towards 38770 - 38890 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 37550 - 37370 where it has its initial support for a further move towards 36890 - 36770 where it has its next support for the week 

So far this week Bank Nifty made a high of 38377.25 breaking above our initial resistance zone but failed to close above it . Post that Bank Nifty corrected till 37315.20 testing our initial support zone and bounced back to close at 37945 . Now in the coming sessions Bank Nifty has to hold above 37300 on dips again for a bounce else breaking and sustaining below it we may see a move towards 36890 - 36770 . On the upside Bank Nifty has immediate resistance at 38115 - 38290 . 

In the month of August Bank Nifty made a high of 36552.80 after confirming our monthly long trade with a consecutive close above 35300 doing 1250 points 

As mentioned at the start of the month "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", and today Bank Nifty has now given a consecutive close above 37220 and also made a new lifetime high of 38112.75 which is within the initial target zone of 38050 - 38270. 

Bank Nifty needs to give a close above 38270 for a further move towards 38980 - 39770 else we may see a dip towards 37200 - 36900 zone.

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 38377.25 on 28th Sep 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 17947.65 on 23rd Sep 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.