In the previous session :
Bank Nifty went up by 557 points before closing higher by 293 points on Friday.
Bank Nifty made a new life time high of 40587.35 in this upmove from the lows of 16116.25 made on 24th March
On 22nd Oct :
Bank Nifty triggered our long trade and completed all targets and more doing 400+ points.
For 25th Oct :
Sustaining above 40425 enter for 40490 - 40560 - 40755 , SL 40355
Now for this week :
Bank Nifty has to break and sustain above 40490 - 40600 where it has its initial resistance for a further move towards 40870 - 40950 where it has its next resistance for the week
Bank Nifty has to break and sustain below 40150 - 40050 where it has its initial support for a further move towards 39770 - 39700 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 40587.35 on 22nd 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.
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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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