In the previous session :
Bank Nifty went up by 226 points then went down by 318 points before closing lower by 39 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 23rd Sep :
Bank Nifty opened near our 2nd target and did not give a chance to enter. Later Bank Nifty triggered our short trade and completed 2 targets doing 204 points .
For 24th Sep :
Sustaining above 21285 enter for 21350 - 21425 - 21630 , SL 21210
Had mentioned in the previous post that " Now Bank Nifty has next support at 21090 - 20900." , and we saw Bank Nifty make a low of 20821
Now for this week Bank Nifty has immediate resistance zone at 21480 - 21600 and above it next resistance at 21765 - 21865 .
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.
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