Bank Nifty Outlook for 10th Jan

 In the previous session :  

Bank Nifty went up by 645 points then went down by 62 points before closing higher by 249 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 07th Jan :

Bank Nifty triggered our long trade and completed 2 targets and more doing 279 points. 

For 10th Jan :

Sustaining above 37890 enter for 37985 - 38090 - 38375 , SL 37785

Sustaining below 37590 enter for 37495 - 37390 - 37100 , SL 37695

Now for this week :

Bank Nifty has to break and sustain above 37985 - 38140 where it has its initial resistance for a further move towards 38560 - 38670 where it has its next resistance for the week 

Bank Nifty has to break and sustain below 37495 - 37340 where it has its initial support for a further move towards 36920 - 36810 where it has its next support for the week 

As mentioned earlier "Bank Nifty has to give a consecutive close above 35970 to expect a further bounce ", and Bank Nifty has given a consecutive close and also moved up around 900 points to make high of 37862.40 completing all expected targets . Now holding above 37500 we may see Bank Nifty move further towards 38250 - 38500 .

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.