In the previous session :
Bank Nifty went up by 606 points before closing higher by 344 points on Monday.
Bank Nifty made a new life time high of 39947.60 in this upmove from the lows of 16116.25 made on 24th March
On 18th Oct :
Bank Nifty opened above our last long target for the day and did not give a chance to enter.
For 19th Oct :
Sustaining above 39785 enter for 39845 - 39920 - 40110 , SL 39715
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
So far this week Bank Nifty made a high of 39947.60 nearly completing our next weekly targets and closed above the initial targets. Now Bank Nifty has to hold above 39450 for a bounce on dips else breaking and sustaining below 39450 we may see a dip till 39175 - 39075 where it has support.
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 39947.60 on 18th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18543.15 on 18th Oct 2021 from the lows of 7511 made on 24th March 2020.
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