In the previous session :
Bank Nifty went up by 190 points then went down by 323 points before closing lower by 117 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 Mar :
Bank Nifty triggered our short trade and completed just 1 target doing 110 points.
For 28th Mar :
Sustaining above 35600 enter for 35720 - 35860 - 36220 , SL 35470
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
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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