Bank Nifty Outlook for 01st Dec

 In the previous session : 

Bank Nifty went up by 167 points then went down by 181 points before closing higher by 59 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 had  then corrected till 16116.25 points on 24th March

On 27th Nov :

Bank Nifty traded between our long and short trigger levels indicating indecisiveness.

For 01st Dec :

Sustaining above 29810 enter for 29935 - 30075 - 30460 , SL 29670

Sustaining below 29405 enter for 29285 - 29140 - 28760 , SL 29550

Now for this week :

Bank Nifty had immediate resistance near 29940 - 30140 and above it next resistance near 30700 - 30850 zone

Bank Nifty has immediate support near 29280 - 29075 and below that next support near 28515 - 28375 zone

Overall Bank Nifty has strong resistance at 30710 levels and unless we get a strong close above it we can a correction on upmoves.

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

Bank Nifty has now made a high of 30197.85 on 25th Nov in the bounce from the fall till 16116.25  while Nifty has made a new lifetime high of 13145.85 on 25th Nov from the lows of 7511 made on 24th March.

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 .                              

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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 Dec

 In the previous session : 

Nifty went up by 48 points then went down by 73 points before closing lower by 18 points on Friday as compared to the previous day's close. 

Nifty  made a new life time high of 13145.85 in this upmove from the levels of  7511.10  . 

On 27th Nov :

Nifty triggered our short trade and completed just 1 target giving 25 points. 

For 01st Dec :

 

Sustaining above 13015 enter for 13040 - 13075 - 13160 , SL 12980

Sustaining below 12925 enter for 12900 - 12865 - 12780 , SL 12955

 

Now for this week :

Nifty has immediate resistance at 13045 - 13090 zone and closing above it we may see a further move towards 13215 - 13245 zone 

Nifty has immediate support at 12895 - 12850 zone and closing below it we may see a further move towards 12725 - 12690 zone . 

Overall Nifty has stiff resistance at 13215 and unless we get a strong close above it we can see a correction on upmoves .

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 27th Nov

 In the previous session : 

Bank Nifty went down by 273 points then went up by 426 points before closing higher by 353 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 had  then corrected till 16116.25 points on 24th March

On 26th Nov :

Bank Nifty initially triggered our short trade but did not complete any targets and took our stoploss. Post that Bank Nifty reversed to trigger our long trade and nearly completed 2 targets giving 220 points . 

For 27th Nov :

Sustaining above 29750 enter for 29875 - 30015 - 30400 , SL 29610

Sustaining below 29350 enter for 29225 - 29080 - 28700 , SL 29490

Now for this week :

Bank Nifty had immediate resistance near 29595 - 29815 and above it next resistance near 30425 - 30580 zone

Bank Nifty has immediate support near 28880 - 28655 and below that next support near 28045- 27895 zone

Bank Nifty made a high of 30197.85 and reversed to correct till 28923.10 . It took support near the immediate support zone and bounced back towards the immediate resistance zone. Now upside immediate resistance is at 29595 - 29815 zone which it needs to break and sustain above for further upmove.

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

Bank Nifty has now made a high of 30197.85 on 25th Nov in the bounce from the fall till 16116.25  while Nifty has made a new lifetime high of 13145.85 on 25th Nov from the lows of 7511 made on 24th March.

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. 

Nifty Outlook for 27th Nov

  In the previous session : 

Nifty went down by 68 points then went up by 160 points before closing higher by 128 points onThursday as compared to the previous day's close. 

Nifty  made a new life time high of 13145.85 in this upmove from the levels of  7511.10  . 

On 26th Nov :

Nifty initially triggered our short trade and completed just 1 target and took our TSL. Post that Nifty reversed to trigger our long trade and nearly completed all targets giving 110 points. 

For 27th Nov :

 

Sustaining above 13035 enter for 13060 - 13095 - 13175 , SL 13000

Sustaining below 12940 enter for 12915 - 12880 - 12800 , SL 12975

 

Now for this week :

Nifty has immediate resistance at 12920 - 12960 zone and closing above it we may see a further move towards 13060 - 13090 zone 

Nifty has immediate support at 12795 - 12760 zone and closing below it we may see a further move towards 12655 - 12630 zone . 

Nifty tested the next weekly resistance zone and made a high of 13145.85 . It failed to sustain above 13090 and reversed to correct till 12790.40 testing the initial support .Post that it again bounced back towards the initial resistance again. 

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.