In the previous session :
Bank Nifty went up by 2 points then went down by 1013 points before closing lower by 930 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 17th Dec :
Bank Nifty triggered our short trade and completed all targets and more doing 850 points.
For 20th Dec :
Sustaining above 35810 enter for 35920 - 36060 - 34600 , SL 35670
Now for this week :
Bank Nifty has to break and sustain above 35930 - 36120 where it has its initial resistance for a further move towards 36640 - 36770 where it has its next resistance for the week
Bank Nifty has to break and sustain below 35310 - 35120 where it has its initial support for a further move towards 34600 - 34470 where it has its next support for the week
Bank Nifty has to reclaim 37500 on closing basis to indicate strength for a further move towards 38100 - 38300 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 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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