Bank Nifty Outlook for 25th Mar

 In the previous session : 

Bank Nifty went down by 981 points before closing lower by 891 points on Wednesday.

Bank Nifty made a new life time high of 37708.75 in this upmove from the lows of 16116.25 made on 24th March

On 24th Mar:

Bank Nifty triggered our short trade and completed all targets and more doing 600+ points. 

For 25th Mar :

Sustaining above 33455 enter for 33555 - 33670 - 33975 , SL 33340

Sustaining below 33130 enter for 33030 - 32920 - 32610 , SL 33245

Now for this week :

Bank Nifty has immediate resistance near 34525 - 34640 and sustaining or closing above we can see a further move towards 34910 - 35010 zone

Bank Nifty has immediate support near 33800 - 33685 and sustaining or closing below that we can see a move towards 33410 - 33315 zone

Now Bank Nifty has made a low 33203 and broken below our 2nd support zone and also closed below it . Now as long as Bank Nifty sustains below 33315 or does not sustain above 33410 we see a move towards 32980 - 32620 .

As mentioned previously "Now Bank Nifty has immediate resistance near 34525 - 34640 and it needs to break and sustain above it for further upmove towards 34910 - 35010. Failing to break or sustain above 34640 can make it correct again towards 33800 - 33685 .", we saw Bank Nifty make a high of 34360.05 and fail to break above the immediate resistance and correct till 33203.40 in the next session.

Overall Bank Nifty needs to give a strong or consecutive close above 36840 to regain strength .

So far Bank Nifty has made a high of 36497.35 this month.

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 37708.75 on 16th Feb 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 15431.75  on 16th Feb 2021 from the lows of 7511 made on 24th March 2020.

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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.