Sunday 26 June 2022

Bank Nifty Outlook for 27th Jun

 In the previous session :  


Bank Nifty went up by 586 points before closing higher by 492 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 24th Jun :

Bank Nifty triggered our long trade with a gap up above our 1st target and completed 2 targets and more still doing 300+ points . 

For 27th Jun :

Sustaining above 33780 enter for 33860 - 33970 - 34240 , SL 33670

Sustaining below 33480 enter for 33390 - 33290 - 33020 , SL 33585


Now for this week :

On the upside :

Bank Nifty has to sustain and close above 33870 - 34010 where it has its initial resistance for a  move towards next targets of 34410 - 34520 . 

Sustaining or closing above 34520 Bank Nifty can move towards further targets of 34870 - 35250

On the downside :

Bank Nifty has to sustain and close below 33390 - 33240 where it has its initial support for a move towards next targets of 32840 - 32730 . 

Sustaining or closing below 32730 Bank Nifty can move towards further targets of 32390 - 32000


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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