Bank Nifty spot opened at 24854.15 , made a low of 24844.45 , it made a high of 24979.35 , before closing at 24906.35 .
Had mentioned in the previous post " Now in the coming session Bank Nifty needs to break and sustain below 24615 to test 24555 - 24505 levels initially and below it we can see a test of 24435 - 24365 . Those who are holding shorts should now move up their cbsl to 24865 from 25340 spot mentioned previously " , Bank Nifty took the cbsl of shorts today . Now in the coming sessions Bank Nifty needs to break and sustain / close above 25025 for a test of 25235 - 25390 initially and above it we can see a further move till 25470 - 25670 . Similarly on sustaining / closing below 24630 we can see a test of 24420 - 24365 initially and further below it we can see a further test of 24185 - 23985 . Those who are looking to enter fresh longs on small dips should keep a strict cbsl of 24630 now . Any shorts taken this week should be exited on sustaining above 25030 .
Bank Nifty Spot Levels for the day are
Long above 24980 for 25030 – 25085 – 25225 , SL 24880
Short below 24830 for 24785 – 24730 – 24590 , SL 24930
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