Bank Nifty Outlook for 27th Oct

 In the previous session : 

Bank Nifty went up by 175 points then went down by 363 points before closing higher by 45 points on Tuesday.

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 26th Oct :

Bank Nifty initially triggered our long trade and took our stoploss. Post that Bank Nifty reversed to trigger our short trade and completed 2 targets and more doing 200+ points . 

For 27th Oct :

Sustaining above 41365 enter for 41445 - 41535 - 41775 , SL 41275

Sustaining below 41110 enter for 41035 - 40940 - 40700 , SL 41200

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 

So far this week Bank Nifty made a high of 41829.60 completing both weekly long targets and also closed above our next target zone. Now in the coming sessions Bank Nifty holding above 40950 and breaking and sustaining above 41600 can move up further towards 42220 - 42970 next and breaking and sustaining below 40850 we can see a move towards 40550 - 40150 

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.

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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.