Bank Nifty Spot Outlook for 21st Sep

 In the previous session : 

Bank Nifty went up by 149 points then went down by 535 points before closing lower by 289 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 18th Sep :

Bank Nifty initially triggered our long trade and took our stoploss . Post that Bank Nifty triggered our short trade and  completed all targets doing 435 points . 

For 21st Sep :

Sustaining above 22130 enter for 22195 - 22270 - 22460 , SL 22060

Sustaining below 21930 enter for 21865 - 21795 - 21600 , SL 22000

For this week Bank Nifty has its immediate support zone at 21865 - 21765 and sustaining below it we can see a further correction towards its next support zone at 21480 - 21410 .

For this week Bank Nifty has immediate resistance zone at 22200 - 22300  and sustaining above it we can see a further recovery towards its next resistance zone of 22580 - 22660 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 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.