Thursday, 31 March 2022

Bank Nifty Outlook for 01st Apr

 In the previous session :  


Bank Nifty went up by 256 points then went down by 56 points before closing higher by 39 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 31st Mar :

Bank Nifty triggered our long trade and completed 1 target doing 100 points. 

For 01st Apr :

Sustaining above 36510 enter for 36590 - 36690 - 36930 , SL 36415

Sustaining below 36240 enter for 36160 - 36060 - 35810 , SL 36335


Now for this week :

On the upside :

Bank Nifty has to sustain and close above 35725 - 35920 where it has its initial resistance for a  move towards next targets of 36450 - 36600 . 

Sustaining or closing above 36600 Bank Nifty can move towards further targets of 37050 - 37560

On the downside :

Bank Nifty has to sustain and close below 35090 - 34900 where it has its initial support for a move towards next targets of 34370 - 34230 . 

Sustaining or closing below 34230 Bank Nifty can move towards further targets of 33770 - 33260

So far this week Bank Nifty made a low of 35016.30 testing our initial weekly support zone of 35090 - 34900 and bounced back to make a high of 36590.85 today and closed at 36373.60.    Now in the coming session Bank Nifty has to cross and sustain / close above its immediate resistance at 36450 - 36600 to move up further towards 37050 - 37560 and failing to sustain / close above we may see a small correction due to profit booking . On the downside Bank Nifty has its immediate support at 35725 - 35920.


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 01st Apr

  In the previous session :

Nifty went up by 61 points then went down by 63 points before closing lower by 33 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 31st Mar :-

Nifty triggered our long trade and took our stoploss . Post that Nifty reversed to trigger our short trade and again took our stoploss indicating indecisiveness. 

For 01st Apr :-

Sustaining above 17510 enter for 17535 - 17570 - 17650 , SL 17480

Sustaining below 17420 enter for 17395 - 17360 - 17280 , SL 17450

Now for this week :

On the upside :

Nifty has to sustain and close above 17275 - 17355 where it has its initial resistance to move towards next targets of 17565 - 17620 . 

Closing above 17620 Nifty may move towards further targets of 17800 - 18000.

On the downside :

Nifty has to sustain and close below 17030 - 16950 where it has its initial support to move towards next targets of 16740 - 16690 . 

Closing below 16690 Nifty may move towards further targets of 16510 - 16310 .

So far this week Nifty made a low of 17003.90 testing our initial support zone of 17030 - 16950 and bounced to make a high of 17559.80 today and closed at 17464.75. Now in the coming session Nifty has immediate resistance at 17565 - 17620 which it needs to cross and sustain / close above for further move towards 17800 - 18000 and failing to sustain / close above we may see a small correction due to profit booking . On the downside Nifty immediate support at 17275 - 17355 now . 


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, 30 March 2022

Bank Nifty Outlook for 31st Mar

 In the previous session :  


Bank Nifty went up by 573 points before closing higher by 487 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 30th Mar :

Bank Nifty initially triggered our long trade with a gap up above our 2nd daily target and went up further by 180 points . 

For 31st Mar :

Sustaining above 36490 enter for 36590 - 36700 - 36990 , SL 36380

Sustaining below 36175 enter for 36080 - 35970 - 35670 , SL 36285


Now for this week :

On the upside :

Bank Nifty has to sustain and close above 35725 - 35920 where it has its initial resistance for a  move towards next targets of 36450 - 36600 . 

Sustaining or closing above 36600 Bank Nifty can move towards further targets of 37050 - 37560

On the downside :

Bank Nifty has to sustain and close below 35090 - 34900 where it has its initial support for a move towards next targets of 34370 - 34230 . 

Sustaining or closing below 34230 Bank Nifty can move towards further targets of 33770 - 33260

So far this week Bank Nifty made a low of 35016.30 testing our initial weekly support zone of 35090 - 34900 and bounced back to make a high of 36421.10 today and closed at 36334.30.    Now in the coming session Bank Nifty has to cross and sustain / close above its immediate resistance at 36450 - 36600 to move up further towards 37050 - 37560 and failing to sustain / close above we may see a small correction due to profit booking . On the downside Bank Nifty has its immediate support at 35725 - 35920.


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 31st Mar

 In the previous session :

Nifty went up by 197 points before closing higher by 173 points on Wednesday.

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 30th Mar :-

Nifty triggered our long trade with a gap up above our 2nd daily target went up further by 70 points 

For 31st Mar :-

Sustaining above 17545 enter for 17570 - 17600 - 17685 , SL 17510

Sustaining below 17450 enter for 17425 - 17395 - 17310 , SL 17485

Now for this week :

On the upside :

Nifty has to sustain and close above 17275 - 17355 where it has its initial resistance to move towards next targets of 17565 - 17620 . 

Closing above 17620 Nifty may move towards further targets of 17800 - 18000.

On the downside :

Nifty has to sustain and close below 17030 - 16950 where it has its initial support to move towards next targets of 16740 - 16690 . 

Closing below 16690 Nifty may move towards further targets of 16510 - 16310 .

So far this week Nifty made a low of 17003.90 testing our initial support zone of 17030 - 16950 and bounced to make a high of 17552.50 today and closed at 17498.25. Now in the coming session Nifty has immediate resistance at 17565 - 17620 which it needs to cross and sustain / close above for further move towards 17800 - 18000 and failing to sustain / close above we may see a small correction due to profit booking . On the downside Nifty immediate support at 17275 - 17355 now . 


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.

Tuesday, 29 March 2022

Bank Nifty Outlook for 30th Mar

 In the previous session :  


Bank Nifty went up by 266 points then went down by 204 points before closing higher by 136 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 29th Mar :

Bank Nifty initially triggered our long trade and took our stoploss. Post that Bank Nifty reversed to trigger our short trade and again took our stoploss indicating indecisiveness. 

For 30th Mar :

Sustaining above 36015 enter for 36120 - 36240 - 36560 , SL 35900

Sustaining below 35680 enter for 35575 - 35450 - 35135 , SL 35795


Now for this week :

On the upside :

Bank Nifty has to sustain and close above 35725 - 35920 where it has its initial resistance for a  move towards next targets of 36450 - 36600 . 

Sustaining or closing above 36600 Bank Nifty can move towards further targets of 37050 - 37560

On the downside :

Bank Nifty has to sustain and close below 35090 - 34900 where it has its initial support for a move towards next targets of 34370 - 34230 . 

Sustaining or closing below 34230 Bank Nifty can move towards further targets of 33770 - 33260

So far this week Bank Nifty made a low of 35016.30 testing our initial weekly support zone of 35090 - 34900 and bounced back to make a high of 35977.20 today and closed at 35847.40.    Now in the coming session Bank Nifty has to cross and sustain / close above its immediate resistance at 35725 - 35920 to move up further towards 36450 - 36000 . On the downside Bank Nifty has its immediate support at 35500 - 35450.


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.