Bank Nifty Outlook for 02nd Sep

 In the previous session : 

Bank Nifty went up by 573 points before closing higher by 150 points on Wednesday.

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 01st Sep :

Bank Nifty triggered our long trade and nearly completed all targets doing 425 points 

For 02nd Sep :

Sustaining above 36710 enter for 36795 - 36890 - 37150 , SL 36615

Sustaining below 36440 enter for 36355 - 36260 - 36000 , SL 36535

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 36997.70 testing our target zone of 36940 - 37110.  Now in the coming session Bank Nifty needs to give a close above 37110 for a further upmove. On the downside breaking below 36470 we can see a move towards 36240 - 36000 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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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.