Bank Nifty Outlook for 11th Mar

 In the previous session :  

Bank Nifty went up by 1558 points before closing higher by 660 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 10th Mar :

Bank Nifty opened with a big gap up near our last target and did not give a entry to trade. 

For 11th Mar :

Sustaining above 34785 enter for 34975 - 35195 - 35785 , SL 34570

Sustaining below 34165 enter for 33975 - 33755 - 33165 , SL 34380

Now for this week :

On the upside :

Bank Nifty has to break and sustain above 34910 - 35220 where it has its initial resistance for a  move towards next targets of 36070 - 36290 . 

Sustaining or closing above 36290 Bank Nifty can move towards further targets of 37020 - 37830

On the downside :

Bank Nifty has to break and sustain below 33910 - 33600 where it has its initial support for a move towards next targets of 32750 - 32530 . 

Sustaining or closing below 32530 Bank Nifty can move towards further targets of 31795 - 30990

So far this week Bank Nifty made a low of 32155.35 completing our next targets but did not give a close below 32530 to confirm a move towards final targets and bounced back to make a high of 35374.15 for this week . 

Now for the coming session Bank Nifty has immediate resistance at 34910 - 35220 which it needs to break and sustain/ close above for further gains . On the downside Bank Nifty has immediate support at 33910 - 33600 which it needs to break and sustain/ close below to resume correction .

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.