In the previous session :
Bank Nifty went up by 863 points before closing higher by 680 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 17th Mar :
Bank Nifty triggered our long trade with a gap up opening above our 1st target and moved up further completing 2 targets and more doing 350 points.
For 21st Mar :
Sustaining above 36720 enter for 36890 - 37100 - 37650 , SL 36520
Now for this week :
On the upside :
Bank Nifty has to sustain and close above 36900 - 37200 where it has its initial resistance for a move towards next targets of 38000 - 38200 .
Sustaining or closing above 38200 Bank Nifty can move towards further targets of 38900 - 39670
On the downside :
Bank Nifty has to sustain and close below 35950 - 35650 where it has its initial support for a move towards next targets of 34850 - 34650 .
Sustaining or closing below 34650 Bank Nifty can move towards further targets of 33950 - 33190
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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