Wishing everyone a very happy, safe , healthy and prosperous 2022
In the previous session :
Bank Nifty went up by 533 points before closing higher by 418 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 31st Dec :
Bank Nifty triggered our long trade and completed 2 targets and more doing 360 points.
For 03rd Jan :
Sustaining above 35570 enter for 35625 - 35690 - 35860 , SL 35510
Now for this week :
Bank Nifty has to break and sustain above 35625 - 35720 where it has its initial resistance for a further move towards 35965 - 36030 where it has its next resistance for the week
Bank Nifty has to break and sustain below 35335 - 35245 where it has its initial support for a further move towards 35000 - 34935 where it has its next support for the week
Bank Nifty has to give a consecutive close above 35970 to expect a further bounce
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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