Bank Nifty Outlook for 01st Sep

 In the previous session:  

Bank Nifty went up by 1330 points before closing higher by 1260 points on Tuesday.

Bank Nifty made a new lifetime high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March

On 30th Aug:

Bank Nifty triggered our long trade and completed all targets and more doing 1100+ points  

For 01st Sep:

Sustaining above 39780 enter for 39920 - 40090 - 40540, SL 39610

Sustaining below 39300 enter for 39150 - 38980 - 38540, SL 39465

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 39230 - 39380 for a move   towards initial long targets of 39790 - 39900. 

Sustaining or closing above 39900 Bank Nifty may move towards next long targets of 40250 - 40630

On the downside:

Bank Nifty has to sustain and close below its immediate support at 38740 - 38590 for a move towards initial short targets of 38180 - 38080. 

Sustaining or closing below 38080 Bank Nifty may move towards next short targets of 37730 - 37340

So far this week Bank Nifty made a low of 37943.85 completing our initial weekly short targets and almost reached our last target zone of 37730 - 37340 and post that has bounced back to make a high of 39606.55 breaking above the weekly resistance and closed at 39536.75. Now in the coming session Bank Nifty sustaining above 39380 can move towards 39790 - 39990.On the downside Bank Nifty has immediate support at 38740 - 38590 and has to break and sustain below if for a further dip towards 38180 - 38080.

In case 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.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

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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.  

Nifty Outlook for 01st Sep

 In the previous session:

Nifty went up by 465 points before closing higher by 446 points on Tuesday

Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020

On 30th Aug :-

Nifty triggered our long trade with a big gap above our 1st target and went up further by 375 points completing all daily targets and exceeding it. 

For 01st Sep :-

Sustaining above 17840 enter for 17890 - 17950 - 18100, SL 17785

Sustaining below 17680 enter for 17630 - 17570 - 17420, SL 17735

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17640 - 17690 to move towards initial long targets of 17830 - 17870. 

Closing above 17870 Nifty may move towards next long targets of 17985 - 18115

On the downside:

Nifty has to sustain and close below its immediate support at 17475 - 17425 to move towards initial short targets of 17285 - 17250. 

Closing below 17250 Nifty may move towards next targets of 17130 - 17000.

So far this week Nifty has made a low of 17166.20 completing our initial weekly short targets and almost reaching our last target zone of 17130 - 17000 and has post that bounced back to make a high of 17777.65 breaking above its initial resistance zone and closed at 17759.30. Now in the coming session Nifty sustaining above 17690 can move towards 17830 - 17870. On the downside Nifty has immediate support at 17475 - 17425 and has to break and sustain below it for a further dip towards 17285 - 17250. 

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              

To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.

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. 

Bank Nifty Outlook for 30th Aug

 In the previous session :  

Bank Nifty went down by 1043 points before closing lower by 710 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 29th Aug :

Bank Nifty triggered our short trade with a big gap down below our last target and did not give a entry 

For 30th Aug :

Sustaining above 38440 enter for 38540 - 38660 - 38970 , SL 38320

Sustaining below 38110 enter for 38010 - 37890 - 37590 , SL 38230

Now for this week :

On the upside :

Bank Nifty has to sustain and close above its immediate resistance at 39230 - 39380 for a move  towards initial long targets of 39790 - 39900 . 

Sustaining or closing above 39900 Bank Nifty may move towards next long targets of 40250 - 40630

On the downside :

Bank Nifty has to sustain and close below its immediate support at 38740 - 38590 for a move towards initial short targets of 38180 - 38080 . 

Sustaining or closing below 38080 Bank Nifty may move towards next short targets of 37730 - 37340

So far this week Bank Nifty made a low of 37943.85 completing our initial weekly short targets and almost reached our last target zone of 37730 - 37340 before closing at 38276.90 . Now in the coming session Bank Nifty has immediate resistance at 38590 - 38740 which it needs to break and sustain above for a further move. On the downside Bank Nifty has immediate support at 38080 and breaking and sustaining below it can move towards 37730 - 37340. 

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.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              

To receive this post daily in your inbox, kindly register by adding your email id in 6 the 'Subscribe to my posts' section on the top right side of the blog.

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.  

Nifty Outlook for 30th Aug

 In the previous session :

Nifty went down by 392 points before closing lower by 246 points on Monday

Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020

On 29th Aug :-

Nifty triggered our short trade with a big gap down opening below our last target and did not give a entry 

For 30th Aug :-

Sustaining above 17380 enter for 17410 - 17440 - 17530 , SL 17330

Sustaining below 17260 enter for 17230 - 17190 - 17100 , SL 17300

Now for this week :

On the upside :

Nifty has to sustain and close above its immediate resistance at 17640 - 17690 to move towards initial long targets of 17830 - 17870 . 

Closing above 17870 Nifty may move towards next long targets of 17985 - 18115

On the downside :

Nifty has to sustain and close below its immediate support at 17475 - 17425 to move towards initial short targets of 17285 - 17250 . 

Closing below 17250 Nifty may move towards next targets of 17130 - 17000 .

So far this week Nifty has made a low of 17166.20 completing our initial weekly short targets and almost reaching our last target zone of 17130 - 17000 and closed at 17312.90. Now in the coming session Nifty has immediate resistance at 17425 - 17475 and has to break and sustain above it for a further upmove. On the downside Nifty breaking and sustaining below 17250 can move towards 17130 - 17000.

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              

To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.

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.