Bank Nifty Outlook for 20th Jun

 In the previous session :  

Bank Nifty went down by 326 points then went up by 272 points before closing higher by 125 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 17th Jun :

Bank Nifty initially triggered our short trade with a gap down near our 01st target and fell further by 100 points and then took our TSL. Post that Bank Nifty reversed to trigger our long trade and completed 1 target and more doing 120+ points. 

For 20th Jun :

Sustaining above 32900 enter for 32980 - 33090 - 33370 , SL 32790

Sustaining below 32590 enter for 32500 - 32400 - 32120 , SL 32700

Now for this week :

On the upside :

Bank Nifty has to sustain and close above 32990 - 33140 where it has its initial resistance for a  move towards next targets of 33550 - 33660 . 

Sustaining or closing above 33660 Bank Nifty can move towards further targets of 34020 - 34400

On the downside :

Bank Nifty has to sustain and close below 32500 - 32350 where it has its initial support for a move towards next targets of 31930 - 31820 . 

Sustaining or closing below 31820 Bank Nifty can move towards further targets of 31470 - 31080

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.