Bank Nifty Outlook for 13th Sep

In the previous session : 

Bank Nifty went up by 89 points then went down by 201 points before closing lower by 85 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 09th Sep :

Bank Nifty triggered our short trade and nearly completed 2 targets and took our TSL doing just 100 points. 

For 13th Sep :

Sustaining above 36785 enter for 36850 - 36925 - 37120 , SL 36715

Sustaining below 36580 enter for 36515 - 36445 - 36250 , SL 36650

Now for this week :

Bank Nifty has to break and sustain above 36850 - 36955 where it has its initial resistance for a further move towards 37245 - 37315 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 36515 - 36410 where it has its initial support for a further move towards 36125 - 36050 where it has its next support for the week 

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.