Sunday, 27 February 2022

Bank Nifty Outlook for 28th Feb

 In the previous session :  


Bank Nifty went up by 1456 points  before closing higher by 1202 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 Feb :

Bank Nifty triggered our long trade with a big gap up near our 2nd target and went up further by 780 points completing all targets for the day. 

For 28th Feb :

Sustaining above 36790 enter for 37015 - 37270 - 37955 , SL 36540

Sustaining below 36070 enter for 35850 - 35590 - 34900 , SL 36320


Now for this week :

Bank Nifty has to break and sustain above 37020 - 37390 where it has its initial resistance for a  move towards next targets of 38390 - 38650 . Sustaining or closing above 38650 Bank Nifty can move towards further targets of 39500 - 40460. 

Bank Nifty has to break and sustain below 35845 - 35475 where it has its initial support for a move towards next targets of 34470 - 34215 . Sustaining or closing below 34215 Bank Nifty can move towards further targets of 33350 - 32400 .  


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 .                              


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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.


Nifty Outlook for 28th Feb

 In the previous session :

Nifty went down by 860 points before closing lower by 815 points on Thursday.

Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020


On 24th Feb :-

Nifty triggered our long trade with a big gap up near our 2nd target and went up further by another 200 points almost completing all targets.


For 28th Feb :-

Sustaining above 16795 enter for 16875 - 16970 - 17225 , SL 16700

Sustaining below 16525 enter for 16445 - 16345 - 16095 , SL 16620


Now for this week :

Nifty has to break and sustain above 16875 - 17015 where it has its initial resistance to move towards next targets of 17385 - 17480 . Sustaining or closing above 17480 Nifty may move towards further targets of 17800 - 18150.

Nifty has to break and sustain below 16440 - 16300 where it has its initial support to move towards next targets of 15930 - 15830 . Sustaining or closing below 15830 Nifty may move towards further targets of 15515 - 15165 .


Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

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  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.

Thursday, 24 February 2022

Bank Nifty Outlook for 25th Feb

 In the previous session :  


Bank Nifty went down by 2400 points  before closing lower by 2163 points on Thursday.


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 24th Feb :

Bank Nifty triggered our short trade with a big gap down below our last target and corrected further by 1250+ points. 

For 25th Feb :

Sustaining above 35570 enter for 35785 - 36025 - 36675 , SL 35335

Sustaining below 34885 enter for 34675 - 34430 - 33775 , SL 35125


Now for this week :

Bank Nifty has to break and sustain above 38070 - 38360 where it has its initial resistance for a  move towards next targets of 39160 - 39370 . Sustaining or closing above 39370 Bank Nifty can move towards further targets of 40060 - 40820. 

Bank Nifty has to break and sustain below 37130 - 36830 where it has its initial support for a move towards next targets of 36030 - 35830 . Sustaining or closing below 35830 Bank Nifty can move towards further targets of 35140 - 34380 .  

So far this week Bank Nifty made a low of 34991.35 testing our last weekly support zone and target zone of 35140 - 34380 and closed at 35228.10 . Now in the coming session Bank Nifty has to sustain above 35140 for a move towards its immediate resistance at 35830 - 36030 . On the downside breaking and sustaining below 34380 can lead to further corrections towards 33750 - 33550 . 

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.


Nifty Outlook for 25th Feb

 In the previous session :

Nifty went down by 860 points before closing lower by 815 points on Thursday.

Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020


On 24th Feb :-

Nifty triggered our short trade with a big gap down below our last target and fell further by another 400 points based on Russia invading Ukraine.


For 25th Feb :-

Sustaining above 16375 enter for 16455 - 16545 - 16790 , SL 16285

Sustaining below 16120 enter for 16040 - 15950 - 15710 , SL 16210

Now for this week :

Nifty has to break and sustain above 17450 - 17550 where it has its initial resistance to move towards next targets of 17850 - 17920 . Sustaining or closing above 17920 Nifty may move towards further targets of 18170 - 18440.

Nifty has to break and sustain below 17100 - 17000 where it has its initial support to move towards next targets of 16710 - 16630 . Sustaining or closing below 16630 Nifty may move towards further targets of 16385 - 16110 .

So far this week Nifty made a low of 16203.25 entering our last support and target zone of this week at 16385 - 16110 on breaking and sustaining below 16630 and closed at 16247.95 . Now in the coming session Nifty has to sustain above 16385 for a move towards 16630 - 16710 where it has immediate resistance . On the downside Nifty has its support at 16100 which it needs to hold now for a bounce else we may see a further correction towards 15850 - 15650 . 



Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

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  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.

Wednesday, 23 February 2022

Bank Nifty Outlook for 24th Feb

 In the previous session :  


Bank Nifty went up by 403 points then went down by 53 points before closing higher by 20 points on Wednesday.


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 23rd Feb :

Bank Nifty initially triggered our long trade but did not complete any target and took our stoploss. 

For 24th Feb :

Sustaining above 37660 enter for 37825 - 38015 - 38520 , SL 37475

Sustaining below 37125 enter for 36960 - 36770 - 36260 , SL 37310


Now for this week :

Bank Nifty has to break and sustain above 38070 - 38360 where it has its initial resistance for a  move towards next targets of 39160 - 39370 . Sustaining or closing above 39370 Bank Nifty can move towards further targets of 40060 - 40820. 

Bank Nifty has to break and sustain below 37130 - 36830 where it has its initial support for a move towards next targets of 36030 - 35830 . Sustaining or closing below 35830 Bank Nifty can move towards further targets of 35140 - 34380 .  

So far this week Bank Nifty made a low of 36818.10 testing our initial weekly support zone of 37130 - 36830 and bounced back till 37774.60 before closing at 37392.05 today . Now in the coming session Bank Nifty has to break and sustain above 37700 for a move towards 38070 - 38360 . On the downside Bank Nifty has immediate support at 37130 - 36830 which it needs to hold in dips else we may see a further correction towards the next weekly supports. 


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.