Bank Nifty Outlook for 30th Nov

  In the previous session :  

Bank Nifty went down by 697 points then went up by 322 points before closing lower by 49 points on Monday.

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 29th Nov :

Bank Nifty triggered our short trade and nearly completed all targets doing 520 points  and took our TSL. Post that Bank Nifty triggered our long trade and completed just 1 target doing 100 pts .Overall a choppy session 

For 30th Nov :

Sustaining above 36150 enter for 36260 - 36380 - 36700 , SL 36030

Sustaining below 35800 enter for 35700 - 35570 - 35240 , SL 35930

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 

So far this week Bank Nifty made a low of 35327.90 breaking below our initial weekly support and bounced back to make a high of 36347.85 testing our initial weekly resistance too before closing at 35976.45 marginally below 36000 . Now in the coming session Bank Nifty has immediate support near 35300 which it needs to hold for a bounce. On the upside Bank Nifty has immediate resistance at 36600 on upmove

 

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.

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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.