In the previous session :
Bank Nifty went down by 1460 points before closing lower by 1339 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 25th Nov :
Bank Nifty triggered our short trade by opening below our last target and corrected further by 925 points.
For 29th Nov :
Sustaining above 36200 enter for 36310 - 36440 - 36770 , SL 36080
Now for this week :
Bank Nifty has to break and sustain above 36320 - 36490 where it has its initial resistance for a further move towards 36980 - 37110 where it has its next resistance for the week
Bank Nifty has to break and sustain below 35740 - 35560 where it has its initial support for a further move towards 37070 - 34950 where it has its next support for the week
Bank Nifty is weak now till its reclaims 38100 on closing basis on upmoves .
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.
Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .
To receive this post daily in your inbox, kindly register by adding your email id in 6 the 'Subscribe to my posts' section on the top right side of the blog.
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.
No comments:
Post a Comment