Bank Nifty Spot Outlook for 29th Jul

In the previous session : 

Bank Nifty went down by 237 points then went up by 384 points before closing higher by 256 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 has since then  corrected by 15822 points . 

On 28th Jul :

Bank Nifty initiall triggered and did just 1 target giving 90 points and took our TSL at cost. Post that Bank Nifty triggered our long trade and completed 2 targets doing 220 points

For 29th Jul :

Sustaining above 22255 enter for 22350 - 22455 - 22745 , SL 22150

Sustaining below 21955 enter for 21860 - 21755 - 21465 , SL 22060

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 23211.35 on 22nd July in the bounce from the fall till 16116.25  while Nifty has made a high of 11317.75 on 28th July from the lows of 7511 

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.