Bank Nifty Outlook for 24th Dec

 In the previous session :  

Bank Nifty went up by 448 points before closing higher by 161 points on Thursday.

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 23rd Dec :

Bank Nifty triggered our long trade and completed 2 targets doing 220 points.

For 24th Dec :

Sustaining above 35380 enter for 35495 - 35630 - 35980 , SL 35250

Sustaining below 35000 enter for 34890 - 34750 - 34400 , SL 35135

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 

So far this week Bank Nifty made a low of 34018.45 breaking below our next weekly support zone and bounced back to make a high of 35477.30 today and closed at 35191 within our initial weekly support sone . Now in the coming session Bank Nifty has break and sustain above 35310 for move towards 35630 - 35930 where it can see selling pressure . On the downside Bank Nifty breaking below 35000 can correct towards 34700 - 34500 .

Bank Nifty has to reclaim 35750 on closing basis to regain strength .

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.