In the previous session :
Bank Nifty went up by 335 points then went down by 445 points before closing higher by 310 points on Friday.
Bank Nifty made a new life time high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March
On 03rd Dec :
Bank Nifty initially triggered our long trade and missed completing our 1st target by 6 points and took our stoploss. Post that Bank Nifty reversed to trigger our short trade and nearly completed 2 targets doing 250 points.
For 06th Dec :
Sustaining above 36390 enter for 36510 - 36650 - 37000 , SL 36250
Now for this week :
Bank Nifty has to break and sustain above 36520 - 36720 where it has its initial resistance for a further move towards 37260 - 37400 where it has its next resistance for the week
Bank Nifty has to break and sustain below 35880 - 35680 where it has its initial support for a further move towards 35140 - 34990 where it has its next support for the week
Bank Nifty is weak now till its reclaims 38100 on closing basis 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 41829.60 on 25th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18604.45 on 19th Oct 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.
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