Sunday, 31 May 2020

Bank Nifty Spot Outlook for 01st Jun

In the previous session : 



Bank Nifty went down by 440 points then went up by 188 points before closing higher by 127 points on Friday as 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 29th May :


Bank Nifty triggered our short trade and did 175 points before taking our TSL. 

For 01st Jun :

Sustaining above 19565 enter for 19725 - 19910 - 20415 , SL 19375

Sustaining below 19030 enter for 18870 - 18685 - 18180 , SL 19215




Bank Nifty now has its next resistance near 19430 - 20235 zone. 


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

Bank Nifty had made a low of 16116.25 on 24th March. 

Bank Nifty has made a high of 21967 in the bounce from 16116.25 retracing 36.30 % of the fall while Nifty has made a high of 9889.05 from the lows of 7511 retracing 31.66%




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 01st Jun

In the previous session : 



Nifty went down by 113 points then went up by 109 points before closing higher by 90 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 29th May :

Nifty triggered our short trade and completed 1 target and took our TSL. Post that Nifty reversed and triggered our long trade and again completed 1 target .  Nifty has moved up sharply by 600 points last week on the back of short covering and we may see it cool off a bit .


For 01st June  :

Sustaining above 9650 enter for 9690 - 9735 - 9860 , SL 9600


Sustaining below 9515 enter for 9470 - 9425 - 9300 , SL 9560


Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "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.

Weekly Spot Outlook Of Bank Nifty for 01st to 05th Jun

In the previous week : 


Bank Nifty went down by 1729 points before ending the week lower by 1555 points compared to its last weekly closing. 


Bank Nifty triggered our long trade last week and completed all our targets giving 1850 points .


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 19730 enter for 19995 - 20210 - 20430

  • Further sustaining above 20735 enter for 20920 - 21555 - 22255


  • Sustaining below 18865 enter for 18600 - 18385 - 18165

  • Further sustaining below 17860 enter for 17675 - 17040 - 16340



As per the above level Bank Nifty has immediate resistance near 19730 - 19995 zone and it has immediate support near 18865 - 18600 zone .


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









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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.

Weekly Spot Outlook Of Nifty for 01st to 05th Jun

In the previous week : 

Nifty went down by 43 points then went up by 560 before finally ending the week with a gain of 541 points compared to last weekly closing. 

Nifty triggered our long trade last week and did 459 points  



Nifty had made a new life time high of 12430 on 20th January and has since then corrected to 7511 on 24th March . 



Nifty for this week :

  • Sustaining above 9690 enter for 9755 - 9810 - 9865
  • Further sustaining above 9940 enter for 9985 - 10145 - 10320


  • Sustaining below 9470 enter for 9405 - 9350 - 9295
  • Further sustaining below 9220 enter for 9175 - 9015 - 8840

As per the levels mentioned above Nifty has immediate resistance at 9690 - 9755 zone and immediate support at 9470 - 9405 zone for this week. 




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  . 




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.

Thursday, 28 May 2020

Bank Nifty Spot Outlook for 29th May

In the previous session : 



Bank Nifty went up by 745 points before closing higher by 459 points on Thursday as 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 28th May :


Bank Nifty initially triggered our long trade and did 485 points 



For 29th May  :

Sustaining above 19435 enter for 19600 - 19785 - 20290 , SL 19250

Sustaining below 18905 enter for 18745 - 18555 - 18050 , SL 19090




Had mentioned in the previous post "Bank Nifty now has its next resistance near 19430 - 20235 zone. " , and we saw a high of 19485 today . In the coming session Bank Nifty needs to break above this zone for a further upmove else we may see a correction from these levels . 


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

Bank Nifty had made a low of 16116.25 on 24th March. 

Bank Nifty has made a high of 21967 in the bounce from 16116.25 retracing 36.30 % of the fall while Nifty has made a high of 9889.05 from the lows of 7511 retracing 31.66%




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 22835 for a initial target of 24210 - 24560 and sustaining / closing above 24560 we can see a further move till 25740 - 27040 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 20235 for  a initial target of 18860 - 18515 and sustaining / closing below 18515 we can see a further move till 17330 - 16030.

Bank Nifty had triggered our monthly short trade and we have seen a dip till 17105 completing all short targets except the last one of 16032 . Bank Nifty gave 3130 points from the monthly short trade. 

Also had mentioned " Further short was to be taken if it fails to hold 16770 this week on closing." , and Bank Nifty bounced back sharply from 17105 holding the same.


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 29th May

In the previous session : 



Nifty went up by 196 points before closing higher by 175 points on Thursday 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 28th May :

Nifty triggered our long trade and did 126 points 


For 29th May  :

Sustaining above 9555 enter for 9595 - 9645 - 9765 , SL 9510


Sustaining below 9425 enter for 9385 - 9340 - 9215 , SL 9470


Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"

Nifty made a low of 7511.10 on 24th March . Since then it has been moving up slowly and closed above 9250 last week . 


Had mentioned in the previous post " Sustaining above 9240 we see it move further towards 9425 - 9475 where it has its next resistance" , and today we saw Nifty make a high of 9511.25 and close at 9490 beyond the resistance range top. Now in the coming sessions it needs to sustain above 9475 for a further upmove towards 9550 - 9610 . Anyone attempting to take a short position near 9550 - 9610 should keep a cbsl of 9650 tomorrow.

Overall Nifty needs to hold 8800 - 8840 zone on closing for a bounce again.


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 10100 for a target of 10650 - 10760 and sustaining / closing above 10760 we can see a further move till 11100 - 11490.
  • Nifty shorts will get confirmed with a consecutive close below 9470 for  a initial target of 9065 - 8960 and sustaining / closing below 8960 we can see a further move till 8610 - 8225 .

Nifty had triggered our monthly short trade below 9470 for a target of 9065 - 8960 and it completed its initial target with a low of 8806.75 .Those who were holding short would have got 650 points from the short trade . 

Nifty has held to its small support at 8820 and bounced back sharply to 9500+  levels  . 

Further upmoves can see some selling near 9475 - 9620  as per monthly levels .


Join our Telegram Channel "simplytradestocks" for live 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.

Wednesday, 27 May 2020

Bank Nifty Spot Outlook for 28th May

In the previous session : 



Bank Nifty went up by 1434 points before closing higher by 1270 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 has since then  corrected by 15822 points . 



On 27th May :


Bank Nifty initially triggered our long trade with a gap up and nearly did 1230 points 



For 28th May  :

Sustaining above 18970 enter for 19130 - 19310 - 19800 , SL 18790

Sustaining below 18450 enter for 18290 - 18110 - 17620 , SL 18630


Had mentioned previously " As per weekly closing , Bank Nifty has immediate resistance at 17645 - 17870 and immediate support at 16915 - 16685 . Bank Nifty needs to close beyond 16685 - 17870 for a further move in either direction .", and today we saw Bank Nifty breakout on the upside.

Bank Nifty now has its next resistance near 19430 - 20235 zone. 



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


Bank Nifty had made a low of 16116.25 on 24th March. 

Bank Nifty has made a high of 21967 in the bounce from 16116.25 retracing 36.30 % of the fall while Nifty has made a high of 9889.05 from the lows of 7511 retracing 31.66%




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 22835 for a initial target of 24210 - 24560 and sustaining / closing above 24560 we can see a further move till 25740 - 27040 .  

  • Bank Nifty shorts will get confirmed with a consecutive close below 20235 for  a initial target of 18860 - 18515 and sustaining / closing below 18515 we can see a further move till 17330 - 16030.

Bank Nifty had triggered our monthly short trade and we have seen a dip till 17105 completing all short targets except the last one of 16032 . Bank Nifty has given 3130 points from the monthly short trade. Bank Nifty is the weaker index at the moment. Those who were short should have booked once . Further short can be taken if it fails to hold 16770 this week on closing.


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 28th May

In the previous session : 



Nifty went down by 25 points then went up by 305 points before closing higher by 286 points on Wednesday 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 May :

Nifty triggered our long trade and did 240 points 


For 28th May  :

Sustaining above 9385 enter for 9425 - 9475 - 9610 , SL 9335


Sustaining below 9245 enter for 9205 - 9155 - 9020 , SL 9295


Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"

Nifty made a low of 7511.10 on 24th March . Since then it has been moving up slowly and closed above 9250 last week . 


Had mentioned in the previous post "As per weekly closing Nifty has resistance at 9160 - 9240 and weekly support is at 8920 - 8840 . Breaking and closing beyond 8840 - 9240 is needed for a further move in either direction .", and today Nifty broke the range on the upside and closed at 9314.95. Sustaining above 9240 we see it move further towards 9425 - 9475 where it has its next resistance,

Overall Nifty needs to hold 8800 - 8840 zone on closing for a bounce again.


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 10100 for a target of 10650 - 10760 and sustaining / closing above 10760 we can see a further move till 11100 - 11490.
  • Nifty shorts will get confirmed with a consecutive close below 9470 for  a initial target of 9065 - 8960 and sustaining / closing below 8960 we can see a further move till 8610 - 8225 .

Nifty had triggered our monthly short trade below 9470 for a target of 9065 - 8960 and it completed its initial target with a low of 8806.75 .Those who were holding short would have got 650 points from the short trade . 

Nifty has a held to its small support at 8820 and moved up to close near 9050 . 

Nifty has held on to 8820 and bounced back to above 9300 levels . Further upmoves can see some selling near 9475 - 9620  as per monthly levels .


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.