Monday 14 March 2022

Bank Nifty Outlook for 15th Mar

  In the previous session :  


Bank Nifty went up by 889 points before closing higher by 766 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 14th Mar :

Bank Nifty triggered our long trade and completed 2 targets and more doing 625 points. 

For 15th Mar :

Sustaining above 35605 enter for 35785 - 35995 - 36550 , SL 35405

Sustaining below 35020 enter for 34840 - 34630 - 34080 , SL 35220


Now for this week :

On the upside :

Bank Nifty has to break and sustain above 34980 - 35250 where it has its initial resistance for a  move towards next targets of 35980 - 36170 . 

Sustaining or closing above 36170 Bank Nifty can move towards further targets of 36800 - 37500

On the downside :

Bank Nifty has to break and sustain below 34110 - 33850 where it has its initial support for a move towards next targets of 33110 - 32920 . 

Sustaining or closing below 32920 Bank Nifty can move towards further targets of 32290 - 31600

So far this week Bank Nifty made a high of 35435.10 breaking above our initial weekly resistance
and closed above it . Now in the coming session Bank Nifty sustaining above 35250 can move towards 35980 - 36170 which is its next weekly targets. On the downside Bank Nifty has immediate support at 34600 - 34300 which it needs to hold for a bounce.

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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