Thursday, 28 February 2019

Bank Nifty Spot Outlook for 01st Mar

BANK NIFTY


In the previous session Bank Nifty spot opened at 26878.00 and made a high of 26920.50,  it made a high of 26762.55,  before closing at 26789.90

Had mentioned that long trade for the day will get triggered on sustaining above 26870 and short trade for the day will get triggered on sustaining below 26730 .Bank Nifty triggered our long trade at opening and did 50 points .

Had mentioned " For this week Bank Nifty needs to break and sustain / close above 27030 to test 27195 - 27240 initially and above it we can see a test of 27385 - 27540 . Similarly Bank Nifty needs to break and sustain / close below 26705 to test 26540 - 26495 initially and below it we can see a test of 26355 - 26195." , and Bank Nifty had triggered our weekly long trade and nearly tested our initial target of 27195 - 27240 with a high of 27189.45. Bank Nifty has in the last couple of sessions managed to take support above our weekly short trigger of 26705 and it needs to hold it in the coming session too for a bounce.

For the month of March , longs will get confirmed with a consecutive close above 27165 for a initial target of 27555 - 27655 and sustaining / closing above it we can see a further test of 27995 - 28365 . Similarly , shorts will get confirmed with a consecutive close below  26415 for a initial target of 26025 - 25925 and sustaining / closing below it we can see a further move till 25585 - 25215.

Now in the coming session Bank Nifty needs to break and sustain above 26860 to test 26930 - 26950 initially and sustaining above it we can see a further upmove till 27010 - 27080. Similarly breaking and sustaining below 26720 we can see a test of 26650 - 26630 initially and sustaining below it we can see a further correction till 26570 - 26500. 

Overall Bank Nifty needs to break and sustain above 27240 to make a move towards 27385 - 27540. Breaking and sustaining below 26775 we can see a move back towards 26675 - 26650 initially 


Bank Nifty Spot Levels for the day are

Long above 26860 for 26900 - 26950 - 27080 , SL 26810

Short below 26720 for 26680 - 26630 - 26500 , SL 26770

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Nifty Spot Outlook for 01st Mar

NIFTY


In the previous session Nifty spot opened at 10865.70 which was also the high ,  it made a low of 10784.85 before closing at 10792.50

Had mentioned that long trade will get triggered for the day on sustaining above 10835 and short trade will get triggered for the day on sustaining below 10780. Nifty triggered our long trade with a 50 point gap and reversed without giving any trade . 

Had mentioned " For this week Nifty needs to break and sustain / close above 10855 to test 10925 - 10940 initially and above it we can see a test of 10995 - 11060 . Similarly Nifty needs to break and sustain / close below 10725 to test 10660 - 10645 initially and below it we can see a test of 10585 - 10525. " , and Nifty had triggered our weekly long trade and today it completed our initial targets of 10925 - 10940 with a high of 10939.70 giving a good exit to longs . 

For the month of March , longs in Nifty will get confirmed with a consecutive close above 10930 for a initial target of 11075 - 11115 and sustaining / closing above it we can see a further test of 11240 - 11380 . Similarly , shorts will get confirmed with a consecutive close below  10655 for a initial target of 10510 - 10470 and sustaining / closing below it we can see a further move till 10345 - 10205 . 

Now in the coming session Nifty needs to break and sustain above 10820 to test 10845 - 10850 initially and sustaining above it we can see a further upmove till 10875 - 10900. Similarly breaking and sustaining below 10765 we can see a test of 10740 - 10735 initially and breaking and sustaining below it we can see a further correction till 10710 - 10685.

Overall Nifty in the coming sessions needs to now sustain above 10855 to make a move towards 10925 - 10940  . Breaking and sustaining below 10745 we can see a move again till 10660 - 10645 again .



Nifty Spot Levels for the day are

Long above 10820 for 10835 - 10850 - 10900 , SL 10800

Short below 10765 for 10750 - 10735 - 10685 , SL 10785

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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.

Wednesday, 27 February 2019

Bank Nifty Spot Outlook for 28th Feb

BANK NIFTY


In the previous session Bank Nifty spot opened at 27078.10 and made a high of 27189.45,  it made a high of 26719.40,  before closing at 26799.30

Had mentioned that long trade for the day will get triggered on sustaining above 27025 and short trade for the day will get triggered on sustaining below 26880 .Bank Nifty triggered our long trade at opening and did 100 points . Post that based on the news flow it began correcting and triggered our short trade and did 150 points . Bank Nifty once again took support just above our weekly short trigger level of 26705 and bounced to close around 26800 .

Had mentioned " For this week Bank Nifty needs to break and sustain / close above 27030 to test 27195 - 27240 initially and above it we can see a test of 27385 - 27540 . Similarly Bank Nifty needs to break and sustain / close below 26705 to test 26540 - 26495 initially and below it we can see a test of 26355 - 26195." , and Bank Nifty had triggered our weekly long trade and today nearly tested our initial target of 27195 - 27240 with a high of 27189.45. 

Also as mentioned " For the month of February , longs will get confirmed with a consecutive close above 27835 for a initial target of 28410 - 28550 and sustaining / closing above it we can see a further test of 29045 - 29585 . Similarly , shorts will get confirmed with a consecutive close below  26755 for a initial target of 26185 - 26040 and sustaining / closing below it we can see a further move till 25550 - 25010." , and Bank Nifty had confirmed our monthly short trade and today took our stoploss . 

Now in the coming session Bank Nifty needs to break and sustain above 26870 to test 26945 - 26965 initially and sustaining above it we can see a further upmove till 27030 - 27100. Similarly breaking and sustaining below 26730 we can see a test of 26655 - 26635 initially and sustaining below it we can see a further correction till 26570 - 26500. 

Bank Nifty needs to break and sustain above 27240 to make a move towards 27385 - 27540. Breaking and sustaining below 26775 we can see a move back towards 26675 - 26650 initially 


Bank Nifty Spot Levels for the day are

Long above 26870 for 26915 - 26965 - 27100 , SL 26820

Short below 26730 for 26685 - 26635 - 26500 , SL 26780

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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 Spot Outlook for 28th Feb

NIFTY


In the previous session Nifty spot opened at 10881.20 and made a high of 10939.70  ,  it made a low of 10751.20 before closing at 10806.65

Had mentioned that long trade will get triggered for the day on sustaining above 10860 and short trade will get triggered for the day on sustaining below 10810. Nifty triggered our long trade initially with a small gap up and did 50 points . Post that based on the news flow it began correcting and triggered our short trade and 60 points on the downside .

Had mentioned " For this week Nifty needs to break and sustain / close above 10855 to test 10925 - 10940 initially and above it we can see a test of 10995 - 11060 . Similarly Nifty needs to break and sustain / close below 10725 to test 10660 - 10645 initially and below it we can see a test of 10585 - 10525. " , and Nifty had triggered our weekly long trade and today it completed our initial targets of 10925 - 10940 with a high of 10939.70 giving a good exit to longs . Post that Nifty corrected by 190 points intraday but recovered a bit towards the end to close just 28 points below the previous day . 

For the month of February , longs in Nifty will get confirmed with a consecutive close above 11010 for a initial target of 11195 - 11245 and sustaining / closing above it we can see a further test of 11405 - 11580 . Similarly , shorts will get confirmed with a consecutive close below  10655 for a initial target of 10465 - 10420 and sustaining / closing below it we can see a further move till 10260 - 10080 . Nifty had given a consecutive close above  11010 confirming our monthly long trade but reversed to take our stoploss as Bank Nifty did not support and the upmove was based on a few index stocks moving up . Nifty then confirmed its monthly short trade early last week but again bounced to take our stoploss .

Now in the coming session Nifty needs to break and sustain above 10835 to test 10860 - 10865 initially and sustaining above it we can see a further upmove till 10890 - 10915. Similarly breaking and sustaining below 10780 we can see a test of 10755 - 10745 initially and breaking and sustaining below it we can see a further correction till 10725 - 10700.

Nifty needs to now sustain above 10855 to make a move towards 10925 - 10940  . Breaking and sustaining below 10745 we can see a move again till 10660 - 10645 again .



Nifty Spot Levels for the day are

Long above 10835 for 10850 - 10865 - 10915 , SL 10815

Short below 10780 for 10765 - 10745 - 10700 , SL 10800

Expected Expiry Range is 

Upper End - 10914

Lower End - 10700


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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.

Tuesday, 26 February 2019

Bank Nifty Spot Outlook for 27th Feb

BANK NIFTY


In the previous session Bank Nifty spot opened at 26853.80 and made a low of 26736.60,  it made a high of 27127.25,  before closing at 26952.95

Had mentioned that long trade for the day will get triggered on sustaining above 27230 and short trade for the day will get triggered on sustaining below 27090 .Bank Nifty triggered our short trade with a gap down near our last daily target and took support just above our weekly short trigger of 26705 and bounced. 

Had mentioned " For this week Bank Nifty needs to break and sustain / close above 27030 to test 27195 - 27240 initially and above it we can see a test of 27385 - 27540 . Similarly Bank Nifty needs to break and sustain / close below 26705 to test 26540 - 26495 initially and below it we can see a test of 26355 - 26195." , and Bank Nifty had triggered our weekly long trade we were looking forward to a test of our initial target of 27195 - 27240 but today we opened gap down .

Also as mentioned " For the month of February , longs will get confirmed with a consecutive close above 27835 for a initial target of 28410 - 28550 and sustaining / closing above it we can see a further test of 29045 - 29585 . Similarly , shorts will get confirmed with a consecutive close below  26755 for a initial target of 26185 - 26040 and sustaining / closing below it we can see a further move till 25550 - 25010." , and Bank Nifty had confirmed our monthly short trade and today took our stoploss . 

Now in the coming session Bank Nifty needs to break and sustain above 27025 to test 27095 - 27115 initially and sustaining above it we can see a further upmove till 27180 - 27250. Similarly breaking and sustaining below 26880 we can see a test of 26810 - 26790 initially and sustaining below it we can see a further correction till 26725 - 26655. 

Bank Nifty needs to break and sustain above 27240 to make a move towards 27385 - 27540. Breaking and sustaining below 26775 we can see a move back towards 26675 - 26650 initially 


Bank Nifty Spot Levels for the day are

Long above 27025 for 27065 - 27115 - 27250 , SL 26975

Short below 26880 for 26840 - 26790 - 26655 , SL 26930

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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 Spot Outlook for 27th Feb

NIFTY


In the previous session Nifty spot opened at 10775.30 and made a low of 10729.30  ,  it made a high of 10888.75 before closing at 10835.30

Had mentioned that long trade will get triggered for the day on sustaining above 10905 and short trade will get triggered for the day on sustaining below 10855. Nifty triggered our long trade with a gap down near our last target and took support just above weekly short trigger level and bounced back .

Had mentioned " For this week Nifty needs to break and sustain / close above 10855 to test 10925 - 10940 initially and above it we can see a test of 10995 - 11060 . Similarly Nifty needs to break and sustain / close below 10725 to test 10660 - 10645 initially and below it we can see a test of 10585 - 10525. " , and Nifty had triggered our weekly long trade and we were looking forward to a test of  10925 - 10940 but today we opened gap down. 

For the month of February , longs in Nifty will get confirmed with a consecutive close above 11010 for a initial target of 11195 - 11245 and sustaining / closing above it we can see a further test of 11405 - 11580 . Similarly , shorts will get confirmed with a consecutive close below  10655 for a initial target of 10465 - 10420 and sustaining / closing below it we can see a further move till 10260 - 10080 . Nifty had given a consecutive close above  11010 confirming our monthly long trade but reversed to take our stoploss as Bank Nifty did not support and the upmove was based on a few index stocks moving up . Nifty then confirmed its monthly short trade early last week but again bounced to take our stoploss .

Now in the coming session Nifty needs to break and sustain above 10860 to test 10890 - 10895 initially and sustaining above it we can see a further upmove till 10920 - 10945. Similarly breaking and sustaining below 10810 we can see a test of 10780 - 10775 initially and breaking and sustaining below it we can see a further correction till 10750 - 10725.

Nifty needs to now sustain above 10855 to make a move towards 10925 - 10940  . Breaking and sustaining below 10745 we can see a move again till 10660 - 10645 again .



Nifty Spot Levels for the day are

Long above 10860 for 10875 - 10895 - 10945 , SL 10840

Short below 10810 for 10795 - 10775 - 10725 , SL 10830


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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.

Monday, 25 February 2019

Bank Nifty Spot Outlook for 26th Feb

BANK NIFTY


In the previous session Bank Nifty spot opened at 26934.20 and made a low of 26932.65,  it made a high of 27197.10,  before closing at 27159.25

Had mentioned that long trade for the day will get triggered on sustaining above 26930 and short trade for the day will get triggered on sustaining below 26805 .Bank Nifty triggered our long trade and did 150 points . 

Had mentioned " For this week Bank Nifty needs to break and sustain / close above 27030 to test 27195 - 27240 initially and above it we can see a test of 27385 - 27540 . Similarly Bank Nifty needs to break and sustain / close below 26705 to test 26540 - 26495 initially and below it we can see a test of 26355 - 26195." , and Bank Nifty triggered our weekly long trade and tested our initial target of 27195 - 27240 with a high of 27197.10. Now it needs to sustain above 27240 to test 27385 - 27540 .

Also as mentioned " For the month of February , longs will get confirmed with a consecutive close above 27835 for a initial target of 28410 - 28550 and sustaining / closing above it we can see a further test of 29045 - 29585 . Similarly , shorts will get confirmed with a consecutive close below  26755 for a initial target of 26185 - 26040 and sustaining / closing below it we can see a further move till 25550 - 25010." , and Bank Nifty had confirmed our monthly short trade and today took our stoploss . 

Now in the coming session Bank Nifty needs to break and sustain above 27230 to test 27295 - 27315 initially and sustaining above it we can see a further upmove till 27375 - 27445. Similarly breaking and sustaining below 27090 we can see a test of 27020 - 27000 initially and sustaining below it we can see a further correction till 26940 - 26875. 

Bank Nifty needs to break and sustain above 27240 to make a move towards 27385 - 27540. Breaking and sustaining below 26775 we can see a move back towards 26675 - 26650 initially 


Bank Nifty Spot Levels for the day are

Long above 27230 for 27270 - 27315 - 27445 , SL 27180

Short below 27090 for 27050 - 27000 - 26875 , SL 27140

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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 Spot Outlook for 26th Feb

NIFTY


In the previous session Nifty spot opened at 10813.25 and made a low of 10788.05  ,  it made a high of 10887.10 before closing at 10880.10

Had mentioned that long trade will get triggered for the day on sustaining above 10815 and short trade will get triggered for the day on sustaining below 10765. Nifty triggered our long trade and did 70 points nearly completing all our daily targets. 

Had mentioned " For this week Nifty needs to break and sustain / close above 10855 to test 10925 - 10940 initially and above it we can see a test of 10995 - 11060 . Similarly Nifty needs to break and sustain / close below 10725 to test 10660 - 10645 initially and below it we can see a test of 10585 - 10525. " , and today Nifty triggered our weekly long trade and we may see a test of 10925 - 10940 in the coming session.

For the month of February , longs in Nifty will get confirmed with a consecutive close above 11010 for a initial target of 11195 - 11245 and sustaining / closing above it we can see a further test of 11405 - 11580 . Similarly , shorts will get confirmed with a consecutive close below  10655 for a initial target of 10465 - 10420 and sustaining / closing below it we can see a further move till 10260 - 10080 . Nifty had given a consecutive close above  11010 confirming our monthly long trade but reversed to take our stoploss as Bank Nifty did not support and the upmove was based on a few index stocks moving up . Nifty then confirmed its monthly short trade early last week but again bounced to take our stoploss .

Now in the coming session Nifty needs to break and sustain above 10905 to test 10935 - 10940 initially and sustaining above it we can see a further upmove till 10965 - 10990. Similarly breaking and sustaining below 10855 we can see a test of 10825 - 10820 initially and breaking and sustaining below it we can see a further correction till 10795 - 10770.

Nifty needs to now sustain above 10855 to make a move towards 10925 - 10940  . Breaking and sustaining below 10745 we can see a move again till 10660 - 10645 again .



Nifty Spot Levels for the day are

Long above 10905 for 10920 - 10940 - 10990 , SL 10885

Short below 10855 for 10840 - 10820 - 10770 , SL 10875


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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.

Sunday, 24 February 2019

Bank Nifty Spot Outlook for 25th Feb

BANK NIFTY


In the previous session Bank Nifty spot opened at 26960.05 and made a high of 26997.35,  it made a low of 26847.80,  before closing at 26867.55

Had mentioned that long trade for the day will get triggered on sustaining above 27110 and short trade for the day will get triggered on sustaining below 26995 .Bank Nifty triggered our short trade and did close to 150 points . 

For this week Bank Nifty needs to break and sustain / close above 27030 to test 27195 - 27240 initially and above it we can see a test of 27385 - 27540 . Similarly Bank Nifty needs to break and sustain / close below 26705 to test 26540 - 26495 initially and below it we can see a test of 26355 - 26195. 

Also as mentioned " For the month of February , longs will get confirmed with a consecutive close above 27835 for a initial target of 28410 - 28550 and sustaining / closing above it we can see a further test of 29045 - 29585 . Similarly , shorts will get confirmed with a consecutive close below  26755 for a initial target of 26185 - 26040 and sustaining / closing below it we can see a further move till 25550 - 25010." , and Bank Nifty has confirmed our monthly short trade and now has sustaining below 26755 to test of 26185 - 26040 .Those who are looking to go short in the coming week on upmove should keep a stoploss of 27130.

Now in the coming session Bank Nifty needs to break and sustain above 26930 to test 26990 - 27010 initially and sustaining above it we can see a further upmove till 27065 - 27125. Similarly breaking and sustaining below 26805 we can see a test of 26745 - 26725 initially and sustaining below it we can see a further correction till 26675 - 26615. 

Bank Nifty needs to break and sustain above 27030 to make a move towards 27195 - 27240. Breaking and sustaining below 26755 we can see a move back towards 26590 - 26420 initially 


Bank Nifty Spot Levels for the day are

Long above 26930 for 26965 - 27010 - 27125 , SL 26885

Short below 26805 for 26770 - 26725 - 26615 , SL 26850

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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 Spot Outlook for 25th Feb

NIFTY


In the previous session Nifty spot opened at 10782.70 and made a low of 10758.40  ,  it made a high of 10801.55 before closing at 10791.65

Had mentioned that long trade will get triggered for the day on sustaining above 10815 and short trade will get triggered for the day on sustaining below 10765. Nifty triggered our short trade but did not sustain and traded between our short and long trigger levels for the rest of the session. 

For this week Nifty needs to break and sustain / close above 10855 to test 10925 - 10940 initially and above it we can see a test of 10995 - 11060 . Similarly Nifty needs to break and sustain / close below 10725 to test 10660 - 10645 initially and below it we can see a test of 10585 - 10525. 

For the month of February , longs in Nifty will get confirmed with a consecutive close above 11010 for a initial target of 11195 - 11245 and sustaining / closing above it we can see a further test of 11405 - 11580 . Similarly , shorts will get confirmed with a consecutive close below  10655 for a initial target of 10465 - 10420 and sustaining / closing below it we can see a further move till 10260 - 10080 . Nifty had given a consecutive close above  11010 confirming our monthly long trade but reversed to take our stoploss as Bank Nifty did not support and the upmove was based on a few index stocks moving up . Nifty then confirmed its monthly short trade early last week but again bounced to take our stoploss .

Now in the coming session Nifty needs to break and sustain above 10815 to test 10840 - 10850 initially and sustaining above it we can see a further upmove till 10870 - 10895. Similarly breaking and sustaining below 10765 we can see a test of 10745 - 10735 initially and breaking and sustaining below it we can see a further correction till 10715 - 10690.

Nifty needs to break and sustain above 10855 to make a move towards 10925 - 10940 . Breaking and sustaining below 10725 we can see a move again till 10660 - 10645 again .



Nifty Spot Levels for the day are

Long above 10815 for 10830 - 10850 - 10895 , SL 10800

Short below 10765 for 10750 - 10735 - 10690 , SL 10785


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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.

Saturday, 23 February 2019

Weekly Spot Outlook Of Bank Nifty for 25th Feb to 01st Mar

BANK NIFTY

This week Bank Nifty spot went down by 176 points , then went up by 306 points  before finally ending the week with a gain of 73 points compared to last weekly closing.

As per levels given for the previous week Bank Nifty Spot needed to sustain and close above 26910 to confirm uptrend and Bank Nifty spot needed to sustain and close below 26680 to confirm downtrend for the week. Bank Nifty made a high of 27100.90 and made a low of 26617.70 for the week. 


Had mentioned in previous weekly post that Bank Nifty needs to sustain above 26910 to test 27035 - 27065 initially and above it further till 27170 - 27285 and Bank Nifty needs to sustain below 26680 to test 26555 - 26525 initially and below it further till 26420 - 26300 , and Bank Nifty initially triggered our short trade and did only 50 points and reversed . It then triggered our long trade and again did only 90 points . 

Now in the coming week Bank Nifty needs to break and sustain / close above 27030 for a test of 27195 - 27240 initially and closing above it we can see a further move till 27385 - 27540. Similarly on sustaining / closing below 26705 we can see a test of 26540 - 26495 initially and closing below it we can see a test of 26355 - 26195 . 

Those who are looking to enter fresh long positions should wait for Bank Nifty to sustain / close above 27030 and enter with a stoploss of 26915 for a initial target of 27195 - 27240 and look to hold further on getting a close above 27240 . 

Those who are looking to enter fresh short positions should wait for Bank Nifty to sustain / close below 26705 and enter with a stoploss of 26820 for a initial target of 26540 - 26495 and look to hold further on getting a close below 26495 . 


For the month of February , longs will be confirmed in Bank Nifty with a consecutive close above 27835 for a initial target of 28410 - 28550 and sustaining / closing above it we can see a further move till 29045 - 29585 . Similarly Bank Nifty shorts will be confirmed with a consecutive close below 26755 for a initial target of 26185 - 26040 and sustaining / closing below it we can see a further move till 25550 - 25010.  

Bank Nifty now has support at 26540 - 26420 initially and below it we can see a test of 26185 - 26040 .

On the upside Bank Nifty has  resistance near 27170 - 27285 where shorts will get active again incase it manages to move past 27035 - 27065 levels. 


Bank Nifty Spot Levels for the week are

Long above 26965 , Tgt 27030 - 27075 - 27125

IF Bank Nifty spot manages to get a close / sustain above 27195 then 

long again for 27240 - 27385 - 27540

Short below 26770 , Tgt 26705 - 26660 - 26610

IF Bank Nifty spot manages to get a close / sustain below 26540 then 

short again for 26495 - 26355 - 26195



P.S. Always wait for the yellow highlighted levels to be crossed after taking a long/short position for confirmation of the trade . Once the highlighted levels are crossed and the next target is achieved move your Stoploss to the highlighted levels and continue trailing it further .

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