Tuesday, 31 March 2020

Bank Nifty Spot Outlook for 01st Apr

In the previous session : 



Bank Nifty went up by 684 points before closing higher by 362 points on Tuesday compared to its previous day's  close . 




Bank Nifty had made a life time high of 32613.10 on 30th December and has since then  corrected by 15822 points . 



On 31st Mar :

Bank Nifty triggered our long trade and did only 146 points . 


For 01st Apr  :

Sustaining above 19680 enter for 20010 - 20385 - 21405 , SL 19310


Sustaining below 18610 enter for 18280 - 17900 - 16880 , SL 18980


Bank Nifty has broken multiple supports on the downside and has made a low of 16116.25 so far. 

Bank Nifty moved up till its resistance of 20935 - 21265 and made a high of 21462.40 in the bounce from 16116 on Friday. 

Now Bank Nifty needs to break and sustain above 20300 - 20500 for a upmove towards 21280 - 21460.

Bank Nifty broke its support at 19400 - 19620 and we saw a move till 18650 - 18810 with a low of 18668.70 this week . Now breaking below 18460 - 18650 we can see a further correction towards 17550 - 17225 and holding the same we can a bounce back towards 19400 - 19620 initially.


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. 


For this month :

  • Bank Nifty longs will get confirmed with a consecutive close above 22080 for a initial target of 23870 - 24520 and sustaining / closing above 24520 we can see a further move till 25160 - 25940 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 16200 for  a initial target of 14415 - 13770 and sustaining / closing below 13770 we can see a further move till 13130 - 12350.




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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 01st Apr

In the previous session : 



Nifty went up by 397 points before closing higher by 316 points on Tuesday as compared to the previous day's close.




Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now . 


On 31st Mar :

Nifty triggered our long trade and did 203 points. 


For 01st Apr  :

Sustaining above 8795 enter for 8920 - 9060 - 9435 , SL 8660

Sustaining below 8400 enter for 8275 - 8135 - 7760 , SL 8540


Nifty broke below multiple supports back to back and has so far made a low of 7511.10 on the back of selling in all global indexes . 

Nifty broke above 8380 - 8440 zone and we saw most of our targets till 9080 - 9160 being done with a high of 9038.90 on Friday. 

Now Nifty sustaining below 8330 - 8460 in the coming session can go towards 8130 - 7810 

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. 


For this month :
  • Nifty longs will get confirmed with a consecutive close above 9690 for a target of 10350 - 10590 and sustaining / closing above 10590 we can see a further move till 10830 - 11120.
  • Nifty shorts will get confirmed with a consecutive close below 7510 for  a initial target of 6840 - 6600 and sustaining / closing below 6600 we can see a further move till 6365 - 6075 . 




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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, 30 March 2020

Bank Nifty Spot Outlook for 31st Mar

In the previous session : 



Bank Nifty went down by 1300 points before closing lower by 1186 points on Monday compared to its previous day's  close . 




Bank Nifty had made a life time high of 32613.10 on 30th December and has since then  corrected by 15822 points . 



On 30th Mar :

Bank Nifty triggered our short trade and did 731 points . 


For 31st Mar  :

Sustaining above 19320 enter for 19655 - 20035 - 21060 , SL 18945


Sustaining below 18245 enter for 17915 - 17530 - 16505 , SL 18615


Bank Nifty has broken multiple supports on the downside and has made a low of 16116.25 so far. 

Bank Nifty moved up till its resistance of 20935 - 21265 and made a high of 21462.40 in the bounce from 16116 on Friday. 

Now Bank Nifty needs to break and sustain above 20300 - 20500 for a upmove towards 21280 - 21460.

Bank Nifty broke its support at 19400 - 19620 and we saw a move till 18650 - 18810 with a low of 18668.70 today. Now breaking below 18460 - 18650 we can see a further correction towards 17550 - 17225 and holding the same we can a bounce back towards 19400 - 19620 initially.


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. 


For this month :

  • Bank Nifty longs will get confirmed with a consecutive close above 29880 for a initial target of 30650 - 30850 and sustaining / closing above 30850 we can see a further move till 31515 - 32245 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 28415 for  a initial target of 27645 - 27445 and sustaining / closing below 27445 we can see a further move till 26780 - 26050.

Bank Nifty triggered our monthly short trade and completed all our short targets for the month and exceeded it with a low of 16116.25 falling a massive 12100+ points .



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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 Mar

In the previous session : 



Nifty went down by 416 points before closing lower by 379 points on Monday as compared to the previous day's close.




Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now . 


On 30th Mar :

Nifty triggered our short trade and did 215 points. 


For 31st Mar  :

Sustaining above 8475 enter for 8595 - 8735 - 9105 , SL 8340

Sustaining below 8085 enter for 7965 - 7830 - 7460 , SL 8220


Nifty broke below multiple supports back to back and has so far made a low of 7511.10 on the back of selling in all global indexes . 

Nifty broke above 8380 - 8440 zone and we saw most of our targets till 9080 - 9160 being done with a high of 9038.90 on Friday. 

Now Nifty sustaining below 8330 - 8460 in the coming session can it towards 8130 - 7810 

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. 


For this month :
  • Nifty longs will get confirmed with a consecutive close above 11505 for a initial target of 11825 - 11905 and sustaining / closing above 11905 we can see a further move till 12185 - 12485.  
  • Nifty shorts will get confirmed with a consecutive close below 10895 for  a initial target of 10575 - 10495 and sustaining / closing below 11495 we can see a further move till 10220 - 9920 . 
Nifty has confirmed its shorts and completed all targets and exceeded it doing 3200+ points correction till now. 





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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, 29 March 2020

Bank Nifty Spot Outlook for 30th Mar

In the previous session : 



Bank Nifty went up by 1849 points then went down by 34 points before closing higher by 355 points on Friday compared to its previous day's  close . 




Bank Nifty had made a life time high of 32613.10 on 30th December and has since then  corrected by 15822 points . 



On 27th Mar :

Bank Nifty initially triggered our long trade and did 1275 points . 


For 30th Mar  :

Sustaining above 20535 enter for 20880 - 21280 - 22360 , SL 20145


Sustaining below 19400 enter for 19055 - 18655 - 17580 , SL 19800


Bank Nifty has broken multiple supports on the downside and has made a low of 16116.25 so far. 

Bank Nifty moved up till its resistance of 20935 - 21265 and made a high of 21462.40 in the bounce from 16116 on Friday. 

Now Bank Nifty needs to break and sustain above 20300 - 20500 for a upmove towards 21280 - 21460.

Bank Nifty has its support at 19400 - 19620 and breaking / sustaining below it we can see a move till 18650 - 18810 . 


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. 


For this month :

  • Bank Nifty longs will get confirmed with a consecutive close above 29880 for a initial target of 30650 - 30850 and sustaining / closing above 30850 we can see a further move till 31515 - 32245 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 28415 for  a initial target of 27645 - 27445 and sustaining / closing below 27445 we can see a further move till 26780 - 26050.

Bank Nifty triggered our monthly short trade and completed all our short targets for the month and exceeded it with a low of 16116.25 falling a massive 12100+ points .



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 Spot Outlook for 30th Mar

In the previous session : 



Nifty went up by 397 points then went down by 137 points before closing higher by 19 points on Friday as compared to the previous day's close.




Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now . 


On 27th Mar :

Nifty triggered our long trade and did 184 points. 


For 30th Mar  :

Sustaining above 8860 enter for 8985 - 9125 - 9505 , SL 8720

Sustaining below 8460 enter for 8335 - 8195 - 7815 , SL 8600


Nifty broke below multiple supports back to back and has so far made a low of 7511.10 on the back of selling in all global indexes . 

Nifty broke above 8380 - 8440 zone and we saw most of our targets till 9080 - 9160 being done with a high of 9038.90 on Friday. 

Now Nifty has support at 8330 - 8460 this week and breaking / sustaining below it we can see a move towards 8130 - 7810 

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. 


For this month :
  • Nifty longs will get confirmed with a consecutive close above 11505 for a initial target of 11825 - 11905 and sustaining / closing above 11905 we can see a further move till 12185 - 12485.  
  • Nifty shorts will get confirmed with a consecutive close below 10895 for  a initial target of 10575 - 10495 and sustaining / closing below 11495 we can see a further move till 10220 - 9920 . 
Nifty has confirmed its shorts and completed all targets and exceeded it doing 3200+ points correction till now. 





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.

Weekly Spot Outlook Of Bank Nifty for 30th Mar to 03rd Apr

In the previous week : 


Bank Nifty went down by 4201 points then went up by 1145 points before finally ending the week lower by 349 points compared to its last weekly closing. 

Bank Nifty triggered our short trade as per levels given last week and completed all the targets doing 3614 points . Post that it bounced back to trigger our long trade and again did 550 points before taking its trailing stoploss for the long trade.




Bank Nifty had made a life time high of 32613.10 on 30th December and has been trading sideways to negative since then .







Bank Nifty for this week :



  • Sustaining above 20890 enter for 21460 - 21925 - 22385 

  • Further sustaining above 23040 enter for 23440 - 24800 - 26290


  • Sustaining below 19045 enter for 18475 - 18015 - 17555

  • Further sustaining below 16900 enter for 16500 - 15140 - 13650


How to use these levels  
  • For longs/shorts enter on breaking above the first weekly levels mentioned and hold on sustaining above /below the highlighted green/red level and look to book partly/fully once it completes its initial 3 targets . Re-enter if price again breaks above/below the further first level mentioned and hold on sustaining above/below the highlighted green/red level for next targets





For the month of March had mentioned that  :


  • Bank Nifty longs will get confirmed with a consecutive close above 29880 for a initial target of 30650 - 30850 and sustaining / closing above 30850 we can see a further move till 31515 - 32245 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 28415 for  a initial target of 27645 - 27445 and sustaining / closing below 27445 we can see a further move till 26780 - 26050.

Bank Nifty triggered our short trade and completed all targets doing 2400 points and exceeded it further by nearly 7375 points due to the global sell off in all markets due to the "corona virus" being declared a pandemic by WHO.

We are now in a sell on rise bear markets . A lot of good quality stocks will be available at a good prices for those who are looking to invest for long term.

Join our Telegram Channel for live stock trading ideas during market hours  https://t.me/simplytradestocks "                                      


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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.