Bank Nifty Outlook for 01st Sep

 In the previous session : 

Bank Nifty went down by 131 points then went up by 205 points before closing higher by 77 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 31st Aug :

Bank Nifty triggered our long trade but did not complete any targets indicating indecisiveness. 

For 01st Sep :

Sustaining above 36570 enter for 36660 - 36760 - 37035 , SL 36470

Sustaining below 36280 enter for 36190 - 36090 - 35810 , SL 36380

Now for this week :

Bank Nifty has immediate resistance near 35810 - 35925 and sustaining or closing above we can see a further move towards 36240 - 36320 zone

Bank Nifty has immediate support near 35445 - 35330 and sustaining or closing below that we can see a move towards 35015 - 34940 zone

So far this week Bank Nifty made a high of 36552.80 breaking above our next resistance zone and also closed above it . Now in the coming session Bank Nifty breaking and sustain above 36570 can move towards 36940 - 37110 next. On the downside breaking below 36200 we can see a move towards 36000 - 35800 where it has its immediate support .

In the month of August Bank Nifty made a high of 36552.80 and made a low of  34588.25

As mentioned at the start of the month " Now for the month of August Bank Nifty has to give a consecutive close above 35300 for a further move on the upside . On the downside Bank Nifty has to give a consecutive close below 33870 for a further correction." , and Bank Nifty has made a high of 36552.80  doing nearly 1250 points . 

Now for the month of September Bank Nifty has to give a consecutive close above 37220 for a further move on the upside. On the downside Bank Nifty has to give a consecutive close below 35630 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 16349.45 on 06th Aug 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 d