Bank Nifty Outlook for 28th Jun

In the previous session :  

Bank Nifty went up by 520 points before closing higher by 184 points on Monday.

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 27th Jun :

Bank Nifty triggered our long trade with a big gap up above our 2nd target and did not a chance to trade . Post that Bank Nifty traded sideways for the day. 

For 28th Jun :

Sustaining above 34000 enter for 34080 - 34150 - 34430 , SL 33850

Sustaining below 33660 enter for 33580 - 33470 - 33200 , SL 33770

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

So far this week Bank Nifty made a high of 34147.50 breaking above our initial weekly resistance zone of 33870 - 34010 and closed at 33811.25 below it too. Now in the coming session Bank Nifty has to break and sustain above its immediate resistance at 34010 for a move towards 34410 - 34520 . On the downside Bank Nifty on breaking and sustaining below 33660 can make a move towards its immediate support zone at 33390 - 33240. 

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.