Wednesday 30 December 2020

Bank Nifty Outlook for 31st Dec

 In the previous session : 

Bank Nifty went up by 188 points then went down by 315 points before closing lower by 19 points on Wednesday as compared to its previous day's  close . 



Bank Nifty had made a life time high of 32613.10 on 30th December and had  then corrected till 16116.25 points on 24th March


On 30th Dec :

Bank Nifty triggered our short and took our stoploss . Bank Nifty traded between our long and short trigger range for the major part of the day indicating indecisiveness. 

For 31st Dec :

Sustaining above 31505 enter for 31630 - 31775 - 32165 , SL 31365

Sustaining below 31100 enter for 30975 - 30830 - 30440 , SL 31240


Now for this week :

Bank Nifty has immediate resistance near 30700 - 30885 and above it next resistance near 31395 - 31525 zone

Bank Nifty has immediate support near 30105 - 29920 and below that next support near 29410 - 29280 zone

Bank Nifty for this week has made a high of 31510.25 testing our next resistance zone and closed at 31303.15 near it . Now breaking and sustaining above 31525 we can see a further move towards 31950 - 32440 levels next.

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 31510.25 on 30th Dec in the bounce from the fall till 16116.25  while Nifty has made a new lifetime high of 13997.00  on 29th Dec from the lows of 7511 made on 24th March.





How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 




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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 31st Dec

 In the previous session : 


Nifty went up by 64 points then went down by 67 points  before closing higher by 49 points on Wednesday as compared to the previous day's close. 







Nifty  made a new life time high of 13997.00 in this upmove from the levels of  7511.10  . 


On 30th Dec :

Nifty traded between our long and short trigger zone indicating indecisiveness.

For 31st Dec :
 
Sustaining above 14050 enter for 14090 - 14140 - 14260 , SL 14000


Sustaining below 13915 enter for 13875 - 13825 - 13695 , SL 13960


 

Now for this week :

Nifty has immediate resistance at 13855 - 13925 zone and closing above it we may see a further move towards 14105 - 14155 zone 

Nifty has immediate support at 13645 - 13575 zone and closing below it we may see a further move towards 13395 - 13345 zone . 

Nifty has made a high of 13997 and closed above 13925 indicating a further move towards 14105 - 14155 levels.
 
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"



Join our Telegram Channel "simplytradestocks" for live 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.

Tuesday 29 December 2020

Bank Nifty Outlook for 30th Dec

 In the previous session : 

Bank Nifty went up by 478 points before closing higher by 441 points on Tuesday as compared to its previous day's  close . 



Bank Nifty had made a life time high of 32613.10 on 30th December and had  then corrected till 16116.25 points on 24th March


On 29th Dec :

Bank Nifty triggered our long trade and did 275 points.

For 30th Dec :

Sustaining above 31525 enter for 31650 - 31795 - 32185 , SL 31385

Sustaining below 31120 enter for 30995 - 30850 - 30460 , SL 31260


Now for this week :

Bank Nifty has immediate resistance near 30700 - 30885 and above it next resistance near 31395 - 31525 zone

Bank Nifty has immediate support near 30105 - 29920 and below that next support near 29410 - 29280 zone

Bank Nifty for this week has made a high of 31359.35 nearly testing our next resistance zone and closed at 31322.50 near it . Now breaking and sustaining above 31525 we can see a further move towards 31950 - 32440 levels next.

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 31359.35 on 29th Dec in the bounce from the fall till 16116.25  while Nifty has made a new lifetime high of 13967.60  on 29th Dec from the lows of 7511 made on 24th March.





How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 




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. 

Nifty Spot Outlook for 30th Dec

 In the previous session : 


Nifty went up by 94 points then went down by 13 points  before closing higher by 59 points on Tuesday as compared to the previous day's close. 







Nifty  made a new life time high of 13967.60 in this upmove from the levels of  7511.10  . 


On 29th Dec :

Nifty triggered our long trade but did not complete any targets showing signs of saturation

For 30th Dec :
 
Sustaining above 14000 enter for 14040 - 14090 - 14220 , SL 13955


Sustaining below 13865 enter for 13825 - 13775 - 13645 , SL 13910


 

Now for this week :

Nifty has immediate resistance at 13855 - 13925 zone and closing above it we may see a further move towards 14105 - 14155 zone 

Nifty has immediate support at 13645 - 13575 zone and closing below it we may see a further move towards 13395 - 13345 zone . 

Nifty has made a high of 13967.60 and closed above 13925 indicating a further move towards 14000 levels.
 
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"



Join our Telegram Channel "simplytradestocks" for live 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 29th Dec

 In the previous session : 

Bank Nifty went up by 526 points before closing higher by 479 points on Monday as compared to its previous day's  close . 



Bank Nifty had made a life time high of 32613.10 on 30th December and had  then corrected till 16116.25 points on 24th March


On 28th Dec :

Bank Nifty triggered our long trade and did 340 points.

For 29th Dec :

Sustaining above 31075 enter for 31195 - 31335 - 31705 , SL 30940

Sustaining below 30685 enter for 30565 - 30430 - 30060 , SL 30820


Now for this week :

Bank Nifty has immediate resistance near 30700 - 30885 and above it next resistance near 31395 - 31525 zone

Bank Nifty has immediate support near 30105 - 29920 and below that next support near 29410 - 29280 zone

On Monday Bank Nifty closed within the initial resistance zone and sustaining above 30885 we can see a further move towards 31300 levels.

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 30945.20 on 17th Dec in the bounce from the fall till 16116.25  while Nifty has made a new lifetime high of 13773.25  on 17th Dec from the lows of 7511 made on 24th March.





How to use these levels 

  • Enter on sustaining above/below the levels mentioned and look to book partly/fully once at the 2nd target as its placed at the resistance/support  . Re-enter if price sustains above / below the 2nd target with a trailing stoploss of the entry levels. 




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.