In the previous session :
Bank Nifty went up by 739 points before closing higher by 705 points on Thursday.
Bank Nifty made a new life time high of 39375.05 in this upmove from the lows of 16116.25 made on 24th March
On 14th Oct :
Bank Nifty triggered our long trade and completed all targets and more doing 650 points.
For 18th Oct :
Sustaining above 39440 enter for 39505 - 39575 - 39765 , SL 39370
Now for this week :
Bank Nifty has to break and sustain above 39505 - 39605 where it has its initial resistance for a further move towards 39885 - 39955 where it has its next resistance for the week
Bank Nifty has to break and sustain below 39175 - 39075 where it has its initial support for a further move towards 38795 - 38725 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 39375.05 on 14th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18350.75 on 14th 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