Bank Nifty Outlook for 01st Feb

 In the previous session :  

Bank Nifty went up by 527 points then went down by 41 points before closing higher by 285 points on Monday.

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 31st Jan :

Bank Nifty triggered our long trade with a big gap up above our 02nd target and did not give any trade . 

For 01st Feb :

Sustaining above 38125 enter for 38220 - 38330 - 38610 , SL 38020

Sustaining below 37825 enter for 37730 - 37620 - 37340 , SL 37930

Now for this week :

Bank Nifty has to break and sustain above 37930 - 38070 where it has its initial resistance for a  move towards next targets of 38470 - 38570 . Sustaining or closing above 38570 Bank Nifty can move towards further targets of 38915 - 39295. 

Bank Nifty has to break and sustain below 37455 - 37310 where it has its initial support for a move towards next targets of 36910 - 36800 . Sustaining or closing below 36800 Bank Nifty can move towards further targets of 36460 - 36080 .  

So far this week Bank Nifty made a high of 38217.25 breaking above the immediate weekly resistance and closed within it. Now in the coming session Bank Nifty has to sustain above 38070 for a move towards 38470 - 38570 where it has its immediate target and above it can move up further towards the next targets. On the downside Bank Nifty has immediate support at 37455 - 37310 which it needs to hold else breaking and sustaining below it Bank Nifty can move towards 36910 - 36800 and below it further towards 36460 - 36080 . 

As mentioned earlier "Bank Nifty has to give a consecutive close above 35970 to expect a further bounce ", and Bank Nifty after giving a consecutive close went up and made a high of 38855.55 doing around 2900 points. Post that Bank Nifty has reversed to make a low of 36375.35. 

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.

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 01st Feb

 In the previous session :

Nifty went up by 308 points before closing higher by 238 points on Monday.

Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020

On 31st Jan :-

Nifty triggered our long trade with a big gap up and completed all targets and more moving up further by 100 points .

For 01st Feb :-

Sustaining above 17415 enter for 17460 - 17510 - 17650 , SL 17360

Sustaining below 17265 enter for 17220 - 17170 - 17030 , SL 17320

Now for this week :

Nifty has to break and sustain above 17205 - 17265 where it has its initial resistance to move towards next targets of 17440 - 17480 . Sustaining or closing above 17480 Nifty move towards further targets of 17625 - 17785.

Nifty has to break and sustain below 17000 - 16940 where it has its initial support to move towards next targets of 16770 - 16720 . Sustaining or closing below 16720 Nifty may move towards further targets of 16580 - 16420 .

So far this week Nifty has made a high of 17410 nearing testing our next targets of 17440 - 17480 on sustaining above 17265 . Now in the coming session Nifty has to break and sustain above 17480 for a further move towards 17625 - 17785. On the downside now immediate support is at 17200 and breaking and sustaining below it we can see a dip towards 17000 - 16940.

As mentioned previously "Nifty has to give a consecutive close above 17540 to expect a further bounce " , and Nifty has given a consecutive close above it and made a high of 18350.95 for the month giving a move of around 800 points . Post that now Nifty has reversed to make a low of 16836.80 correcting around 1500+ points . 

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 31st Jan

 In the previous session :  

Bank Nifty went down up 439 points then went down by 400 points before closing lower by 292 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 28th Jan :

Bank Nifty initially triggered our long trade with a big gap up above our 1st target and moved up further by 150 points . Post that Bank Nifty reversed to trigger our short trade and completed 2 targets and more doing 270+ points .

For 31st Jan :

Sustaining above 37830 enter for 37920 - 38030 - 38300 , SL 37735

Sustaining below 37540 enter for 37460 - 37350 - 37080 , SL 37645

Now for this week :

Bank Nifty has to break and sustain above 37930 - 38070 where it has its initial resistance for a  move towards next targets of 38470 - 38570 . Sustaining or closing above 38570 Bank Nifty can move towards further targets of 38915 - 39295. 

Bank Nifty has to break and sustain below 37455 - 37310 where it has its initial support for a move towards next targets of 36910 - 36800 . Sustaining or closing below 36800 Bank Nifty can move towards further targets of 36460 - 36080 .  

As mentioned earlier "Bank Nifty has to give a consecutive close above 35970 to expect a further bounce ", and Bank Nifty after giving a consecutive close went up and made a high of 38855.55 doing around 2900 points. Post that Bank Nifty has reversed to make a low of 36375.35. 

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.

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 31st Jan

In the previous session :

Nifty went down up by 263 points then went down by 33 points before closing lower by 8 points on Thursday.

Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020

On 28th Jan :-

Nifty triggered our long trade with a big gap up and completed all targets doing 170 points .

For 31st Jan :-

Sustaining above 17170 enter for 17200 - 17250 - 17360 , SL 17120

Sustaining below 17030 enter for 17000 - 16960 - 16840 , SL 17080

Now for this week :

Nifty has to break and sustain above 17205 - 17265 where it has its initial resistance to move towards next targets of 17440 - 17480 . Sustaining or closing above 17480 Nifty move towards further targets of 17625 - 17785.

Nifty has to break and sustain below 17000 - 16940 where it has its initial support to move towards next targets of 16770 - 16720 . Sustaining or closing below 16720 Nifty may move towards further targets of 16580 - 16420 .

As mentioned previously "Nifty has to give a consecutive close above 17540 to expect a further bounce " , and Nifty has given a consecutive close above it and made a high of 18350.95 for the month giving a move of around 800 points . Post that now Nifty has reversed to make a low of 16836.80 correcting around 1500+ points . 

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 28th Jan

 In the previous session :  

Bank Nifty went down by 695 points then went up by 440 points before closing higher by 275 points on Wednesday.

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 27th Jan :

Bank Nifty initially triggered our short trade with a big gap down below our last target and did not give a trade. Post that Bank Nifty reversed to trigger our long trade and completed 2 targets and more doing 300+ points .

For 28th Jan :

Sustaining above 38120 enter for 38210 - 38310 - 38580 , SL 38025

Sustaining below 37840 enter for 37760 - 37650 - 37390 , SL 37940

Now for this week :

Bank Nifty has to break and sustain above 37680 - 37750 where it has its initial resistance for a  move towards next targets of 37930 - 37970 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 37470 - 37400 where it has its initial support for a move towards next targets of 37225 - 37170 where it has its next support for the week 

So far this week Bank Nifty made a low of 36375.35 breaking below both our weekly supports and completed all initial expected targets for the week till 36850 with the low. Post that Bank Nifty has bounced back sharply till 38147.65 breaking above both our weekly resistance zone and also closed just above it . Now in the coming session Bank Nifty has to sustain above 37970 for a move towards 38300 - 38500 . On the downside Bank Nifty has immediate support at 37500 - 37400 and breaking and sustaining below it we may again see it move towards 37000 

As mentioned earlier "Bank Nifty has to give a consecutive close above 35970 to expect a further bounce ", and Bank Nifty after giving a consecutive close went up and made a high of 38855.55 doing around 2900 points. Post that Bank Nifty has reversed to make a low of 36375.35. 

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.

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.