In the previous session :
Bank Nifty went down by 322 points then went up 503 points before closing higher by 322 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 20th Nov :
Bank Nifty initially triggered our short trade and took our stoploss. Post that it triggered our long trade and nearly completed 2 targets doing 275 points.
For 23rd Nov :
Sustaining above 29455 enter for 29590 - 29745 - 30160 , SL 29300
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
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 29784.75 on 18th Nov in the bounce from the fall till 16116.25 while Nifty has made a new lifetime high of 12948.85 on 18th 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.
No comments:
Post a Comment