In the previous session :
Bank Nifty went up by 886 points before closing higher by 827 points on Thursday.
Bank Nifty made a new life time high of 38112.75 in this upmove from the lows of 16116.25 made on 24th March
On 23rd Sep :
Bank Nifty triggered our long trade with a gap up near our 2nd target and went up further by 600 points.
For 24th Sep :
Sustaining above 37950 enter for 38060 - 38185 - 38525 , SL 37825
Now for this week :
Bank Nifty has to break and sustain above 38010 - 38130 where it has its initial resistance for a further move towards 38460 - 38540 where it has its next resistance for the week
Bank Nifty has to break and sustain below 37620 - 37500 where it has its initial support for a further move towards 37170 - 37080 where it has its next support for the week
So far this week Bank Nifty made a low of 36525.95 completing our weekly shorts further targets mentioned of 36800 - 36500 on the downside . Post that now Bank Nifty has made a high of 37830 recovering 1300 points . Now in the coming session Bank Nifty sustaining above 37600 can move towards 38050 - 38270 initially and on closing above 38270 we may see it go up further towards 38980 - 39770 .
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 38112.75 on 17th Sep 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 17843.90 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.
No comments:
Post a Comment