In the previous session :
Bank Nifty went up by 266 points then went down by 1082 points before closing lower by 393 points on Friday.
Bank Nifty made a new life time high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March
On 29th Oct :
Bank Nifty initially triggered our long trade and took our stoploss. Post that Bank Nifty reversed to trigger our short trade and completed all targets and more doing 800+ points .
For 01st Nov :
Sustaining above 39340 enter for 39475 - 39635 - 40055 , SL 39185
Now for this week :
Bank Nifty has to break and sustain above 39480 - 39710 where it has its initial resistance for a further move towards 40330 - 40490 where it has its next resistance for the week
Bank Nifty has to break and sustain below 38750 - 38520 where it has its initial support for a further move towards 37900 - 37740 where it has its next support for the week
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 41829.60 on 25th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18604.45 on 19th Oct 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