Bank Nifty Outlook for 03rd Sep

 In the previous session : 

Bank Nifty went down by 105 points then went up by 321 points before closing higher by 257 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 02nd Sep :

Bank Nifty triggered our long trade and completed 2 targets doing 180 points 

For 03nd Sep :

Sustaining above 36935 enter for 37000 - 37075 - 37270 , SL 36865

Sustaining below 36725 enter for 36665 - 36590 - 36390 , SL 36800

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.

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.