Bank Nifty Outlook for 10th Nov

 In the previous session : 

Bank Nifty went up by 122 points then went down by 215 points before closing lower by 69 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 09th Nov :

Bank Nifty triggered our short trade but did not complete any targets 

For 10th Nov :

Sustaining above 39585 enter for 39695 - 39835 - 40215 , SL 39430

Sustaining below 39155 enter for 39045 - 38905 - 38525 , SL 39310

Now for this week :

Bank Nifty has to break and sustain above 39965 - 40205 where it has its initial resistance for a further move towards 40875 - 41045 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 39185 - 38940 where it has its initial support for a further move towards 38275 - 38100 where it has its next support for the week 

So far this week Bank Nifty has made a low of 38932.15 breaking below our initial support zone and closed well above it . Now in the coming sessions Bank Nifty has to hold above 38940 on dips and break above 39600 for a move towards our initial resistance zone of 39965 - 40205 whereas breaking and sustaining below 38940 we can see a further dip towards 38550 - 38250. 

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.