In the previous session :
Bank Nifty went down by 738 points before closing lower by 601 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 10th Jun :
Bank Nifty triggered our short trade with a big gap down opening below our last target for the day and fell further by 400 points .
For 13th Jun :
Sustaining above 34575 enter for 34630 - 34700 - 34870 , SL 34510
Now for this week :
On the upside :
Bank Nifty has to sustain and close above 34630 - 34730 where it has its initial resistance for a move towards next targets of 34980 - 35050 .
Sustaining or closing above 35050 Bank Nifty can move towards further targets of 35270 - 35500
On the downside :
Bank Nifty has to sustain and close below 34330 - 34240 where it has its initial support for a move towards next targets of 33980 - 33920 .
Sustaining or closing below 33920 Bank Nifty can move towards further targets of 33700 - 33460
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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