Bank Nifty Outlook for 01st Jul

 In the previous session : 

Bank Nifty went up by 205 points then went down 280 points before closing lower by 238 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 30th Jun:

Bank Nifty initially triggered our long trade and completed just 1 target and took our TSL. Post that Bank Nifty triggered our short trade and completed 2 targets doing 120 points. 

For 01st Jul :

Sustaining above 34910 enter for 34965 - 35015 - 35215 , SL 34805

Sustaining below 34635 enter for 34580 - 34530 - 34330 , SL 34740

Now for this week :

Bank Nifty has immediate resistance near 35550 - 35670 and sustaining or closing above we can see a further move towards 35990 - 36070 zone

Bank Nifty has immediate support near 35180 - 35060 and sustaining or closing below that we can see a move towards 34740 - 34660 zone

So far this week Bank Nifty made a high of 35576.95 testing our initial weekly resistance zone and corrected by 650 points . Bank Nifty made a low of 34730.45 testing our next support zone of 34740 - 34660 as expected yesterday on closing below our initial support zone.  

Now Bank Nifty has to hold above 34660 for a bounce back else breaking and sustaining below 34660 we may see it move towards 34390 - 34090 zone.

Overall Bank Nifty has support near 33900 - 34170 zone on the downside and unless it closes below this range it can attempt to recover

In the month of June Bank Nifty made a high of 35810.90 and made a low of  33908.95.

Now for the month of July Bank Nifty has to give a consecutive close above 35520 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 34020 for a further correction.

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 15606.35  on 31st May 2021 from the lows of 7511 made on 24th March 2020.

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Nifty Outlook for 01st Jul

 In the previous session :

Nifty went up by 90 points then went down by 40 points before closing lower by 27 points on Wednesday.

Nifty made a new life time high of 15915.65 in this upmove from the lows of 7511.10 made on 24th March 2020

On 30th Jun :

Nifty triggered our long trade and nearly completed all targets doing 60 points 

For 01st Jul :

Sustaining above 15755 enter for 15765 - 15780 - 15820 , SL 15730

Sustaining below 15690 enter for 15680 - 15665 - 15620 , SL 15715

Now for this week :

Nifty has immediate resistance at 15905 - 15935 zone and sustaining or closing above we may see a further move towards 16010 - 16030 zone

Nifty has immediate support at 15815 - 15785 and sustaining or closing below that we may see a move towards 15710 - 15690 zone

So far this week Nifty has made a high of 15915.65 testing our initial resistance and took resistance . Post that Nifty corrected till 15708.75 testing our next support zone which was expected after the previous close . Now Nifty has to hold above 15690 for a bounce again else breaking and sustaining below 15690 we can see a further move till 15625 - 15550 . 

Nifty failed to break and sustain above 15935 for a move towards 16000+ and now breaking and closing below 15690 will indicate further weakness. 

In the month of June Nifty made a high of 15915.65 and made a low of  15450.90 .

Our cbsl for shorts in June was 15900 which was tested on a couple of occasions but held out.

For the month of July Nifty has to give a consecutive close above 15895 for a further move on the upside .  On the downside Nifty has to give a consecutive close below 15550 for a further correction.

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

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.

Bank Nifty Outlook for 30th Jun

 In the previous session : 

Bank Nifty went down by 445 points before closing lower by 349 points on Tuesday.

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 29th Jun:

Bank Nifty triggered our short trade and completed all targets doing 300 points. 

For 30th Jun :

Sustaining above 35160 enter for 35220 - 35275 - 35490 , SL 35045

Sustaining below 34860 enter for 34805 - 34745 - 34535 , SL 34975

Now for this week :

Bank Nifty has immediate resistance near 35550 - 35670 and sustaining or closing above we can see a further move towards 35990 - 36070 zone

Bank Nifty has immediate support near 35180 - 35060 and sustaining or closing below that we can see a move towards 34740 - 34660 zone

So far this week Bank Nifty made a high of 35576.95 testing our initial weekly resistance zone and corrected by 650 points . Bank Nifty broke and closed below the initial weekly support zone of 35180 - 35060 and now unless Bank Nifty breaks and sustains above 35670 on upmoves it can make a move towards 34740 - 34660 zone . 

Overall Bank Nifty has support near 33900 - 34170 zone on the downside and unless it closes below this range it can attempt to recover

Also as mentioned in the previous post too "Now unless Bank Nifty sustains or closes above 35550 - 35670 zone it will keep coming under pressure on upmoves and if manages to sustain then we can see a move towards 35990 - 36070. " , so Bank Nifty made a high of 35576.95 and failed to break above 35670 and corrected till 34913.70 till now . 

In the month of June Bank Nifty made a high of 35810.90 and made a low of  33908.95.

Had mentioned at the start of June series " Now in June Bank Nifty has to give a consecutive close above 36560 for a stronger upmove . On the downside Bank Nifty has to give a consecutive close below 34490 for a stronger correction." , So far Bank Nifty has made a high of 35810.90 and a low of 33908.95 but failed to close beyond the trading range of 34490 - 36560 for a bigger move .  

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 15606.35  on 31st May 2021 from the lows of 7511 made on 24th March 2020.

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 6 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 30th Jun

 In the previous session :

Nifty went up by 21 points then went down by 90 points before closing lower by 66 points on Tuesday.

Nifty made a new life time high of 15915.65 in this upmove from the lows of 7511.10 made on 24th March 2020

On 29th Jun :

Nifty triggered our short trade and nearly completed all targets doing 60 points 

For 30th Jun :

Sustaining above 15780 enter for 15795 - 15810 - 15855 , SL 15755

Sustaining below 15715 enter for 15700 - 15690 - 15640 , SL 15740

Now for this week :

Nifty has immediate resistance at 15905 - 15935 zone and sustaining or closing above we may see a further move towards 16010 - 16030 zone

Nifty has immediate support at 15815 - 15785 and sustaining or closing below that we may see a move towards 15710 - 15690 zone

So far this week Nifty has made a high of 15915.65 testing our initial resistance and corrected by more than 200 points . Nifty broke below our initial support zone and also closed well below 15785 and now as long as it below 15815 we can see a move towards the next support zone of 15710 - 15690 and breaking and sustaining below it can fall further towards 15625 - 15550 

Nifty failed to break and sustain above 15935 for a move towards 16000+ and has now broken and closed below 15785 too indicating weakness . 

In the month of June Nifty made a high of 15915.65 and made a low of  15450.90 .

Had mentioned at the start of the June series "For the month of June Nifty has to give a consecutive close above 15825 for the upmove to gain strength. On the downside Nifty has to give a consecutive close below 15340 for a stronger correction." , Nifty had to close above 15825 today after closing above it on Friday but once again Nifty failed to do so . Now we have just 1 session left in this month and so far we have seen our cbsl of 15900 holding for shorts .

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

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.

Bank Nifty Outlook for 29th Jun

 In the previous session : 

Bank Nifty went up by 212 points then went down by 128 points before closing lower by 5 points on Monday.

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 27th Jun:

Bank Nifty triggered our long trade and completed just 1 targets and took our TSL. Post that Bank Nifty traded the entire session between our long and short trigger zone . We can expect a stronger move in the coming session. 

For 28th Jun :

Sustaining above 35500 enter for 35560 - 35615 - 35820 , SL 35395

Sustaining below 35215 enter for 35160 - 35105 - 34900 , SL 35325

Now for this week :

Bank Nifty has immediate resistance near 35550 - 35670 and sustaining or closing above we can see a further move towards 35990 - 36070 zone

Bank Nifty has immediate support near 35180 - 35060 and sustaining or closing below that we can see a move towards 34740 - 34660 zone

So far this week Bank Nifty made a high of 35576.95 testing our initial weekly resistance zone and corrected by 300 points . Now as long as Bank Nifty is holding above 35060 - 35180 on correction we may see it attempt to break above the initial weekly resistance zone. 

Overall Bank Nifty has support near 33900 - 34170 zone and if holds these levels on dips then we can see a bounce .

Also as mentioned in the previous post too "Now unless Bank Nifty sustains or closes above 35550 - 35670 zone it will keep coming under pressure on upmoves and if manages to sustain then we can see a move towards 35990 - 36070. " , so we need to see if Bank Nifty breaks above 35550 - 35670 zone and sustains to make a move towards 36000 levels .

In the month of May Bank Nifty made a high of 35584.30 and made a low of  31906.55 .

Had mentioned at the start of June series " Now in June Bank Nifty has to give a consecutive close above 36560 for a stronger upmove . On the downside Bank Nifty has to give a consecutive close below 34490 for a stronger correction." , So far Bank Nifty has made a high of 35810.90 and a low of 33908.95 but failed to close beyond the trading range of 34490 - 36560 for a bigger move .  

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 15606.35  on 31st May 2021 from the lows of 7511 made on 24th March 2020.

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 6 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.