Bank Nifty Outlook for 01st Oct

 In the previous session : 

Bank Nifty went down by 283 points then went up by 138 points before closing higher by 40 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 30th Sep :

Bank Nifty triggered our short trade and did just 100 points and took our TSL.

For 01st Oct :

Sustaining above 21625 enter for 21735 - 21860 - 22190 , SL 21505

Sustaining below 21275 enter for 21170 - 21045 - 20715 , SL 21400

As mentioned in the previous post "Now for this week Bank Nifty has immediate resistance near 21230 - 21380 and above it next resistance near 21810 - 21910 ." , and all days this week Bank Nifty after all the volatility has managed to close above 21380 which keeps the option open for a move to the next resistance zone of 21810 - 21910 in tomorrow's session which is a expiry day and also the last trading day for this week.

On the downside Bank Nifty has immediate support near 20735 - 20585 and below that next support near 20160 - 20050 .

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 25232.60 on 31st Aug in the bounce from the fall till 16116.25  while Nifty has made a high of 11794.25 on 31st Aug 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. 

Nifty Outlook for 01st Oct

 In the previous session : 

Nifty went down by 38 points then went up by 73 points before closing higher by 25 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 30th Sep :

Nifty triggered our long trade towards the end and and took our stoploss. Nifty traded between our long and short trigger zone for nearly the entire day indicating indecisiveness. After 2 days of indecisiveness we should see a trending move tomorrow. 

For 01st Oct :

 

Sustaining above 11315 enter for 11355 - 11405 - 11530 , SL 11265

Sustaining below 11180 enter for 11140 - 11090 - 10965 , SL 11230

As mentioned in the previous post "Now for this week Nifty has immediate resistance at 11155 - 11215 zone and closing above it we may see a further move towards 11395 - 11435 zone . " , the entire week so far though today Nifty has not managed to sustain at higher levels but it has also managed to close above 11215  which was the initial resistance which is keeping the option open for one more test of 11395 - 11435 . 

On the downside Nifty has immediate support at 10950 - 10880 zone and below it we may see a further move towards 10705 - 10665 .

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 30th Sep

 In the previous session : 

Bank Nifty went up by 146 points then went down by 385 points before closing lower by 254 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 29th Sep :

Bank Nifty triggered our short trade and did 200 points.

For 30th Sep :

Sustaining above 21585 enter for 21695 - 21815 - 22145 , SL 21465

Sustaining below 21240 enter for 21130 - 21000 - 20680 , SL 21360

As mentioned in the previous post "Now for this week Bank Nifty has immediate resistance near 21230 - 21380 and above it next resistance near 21810 - 21910 ." , and today Bank Nifty made a high of 21811.50 after closing at 21665 in the previous session and reversed from the next resistance zone. Bank Nifty still managed to close above the immediate resistance zone at 21411.30.

On the downside Bank Nifty has immediate support near 20735 - 20585 and below that next support near 20160 - 20050 .

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 25232.60 on 31st Aug in the bounce from the fall till 16116.25  while Nifty has made a high of 11794.25 on 31st Aug 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. 

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.