Sunday 14 November 2021

Bank Nifty Outlook for 15th Nov

 In the previous session : 

Bank Nifty went down by 92 points then went up by 262 points before closing higher by 173 points on Friday.


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 12th Nov :

Bank Nifty triggered our long trade and completed just 1 targets and more doing 120+ points. 


For 15th Nov :

Sustaining above 38870 enter for 38950 - 39050 - 39300 , SL 38770

Sustaining below 38600 enter for 38515 - 38420 - 38170 , SL 38700


Now for this week :

Bank Nifty has to break and sustain above 38955 - 39090 where it has its initial resistance for a further move towards 39465 - 39560 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 38515 - 38375 where it has its initial support for a further move towards 38000 - 37900 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 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.


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