Sunday 3 October 2021

Bank Nifty Outlook for 04th Oct

 In the previous session : 

Bank Nifty went down by 549 points before closing lower by 199 points on Friday.


Bank Nifty made a new life time high of 38377.25 in this upmove from the lows of 16116.25 made on 24th March


On 01st Sep :

Bank Nifty triggered our short trade and nearly completed all targets doing 375 points 

For 04th Oct :

Sustaining above 37360 enter for 37445 - 37540 - 37800 , SL 37265

Sustaining below 37090 enter for 37000 - 36910 - 36660 , SL 37185


Now for this week :

Bank Nifty has to break and sustain above 37445 - 37585 where it has its initial resistance for a further move towards 37955 - 38055 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 37000 - 36870 where it has its initial support for a further move towards 36495 - 36400 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 38377.25 on 28th Sep 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 17947.65 on 23rd Sep 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.    


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