Thursday 24 September 2020

Bank Nifty Spot Outlook for 25th Sep

 In the previous session : 





Bank Nifty went up by 773 points before closing lower by 721 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 24th Sep :



Bank Nifty opened near our 2nd target and fell further by 550 points completing our last target and exceeding it.

For 25th Sep :


Sustaining above 20580 enter for 20660 - 20740 - 20970 , SL 20490


Sustaining below 20330 enter for 20260 - 20170 - 19950 , SL 20420


Now for this week Bank Nifty has immediate resistance zone at 20750 - 20850 and above it next resistance at 21150 - 21250 .

On the downside Bank Nifty has immediate support at 20150 - 19950 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 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. 

No comments:

Post a Comment