Bank Nifty Outlook for 25th Apr

 In the previous session :  

Bank Nifty went down by 824 points before closing lower by 771 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 22nd Apr :

Bank Nifty triggered our short trade with a gap down near our 2nd  target and fell further by  500 points completing all targets and more 

For 25th Apr :

Sustaining above 36200 enter for 36290 - 36400 - 36680 , SL 36090

Sustaining below 35890 enter for 35800 - 35690 - 35400 , SL 36000

Now for this week :

On the upside :

Bank Nifty has to sustain and close above 36300 - 36450 where it has its initial resistance for a  move towards next targets of 36860 - 36970 . 

Sustaining or closing above 36970 Bank Nifty can move towards further targets of 37320 - 37720

On the downside :

Bank Nifty has to sustain and close below 35800 - 35650 where it has its initial support for a move towards next targets of 35230 - 35120 . 

Sustaining or closing below 35120 Bank Nifty can move towards further targets of 34770 - 34370

Overall Bank Nifty has immediate good resistance at 37350 - 37650 zone which it needs to close above for the next move towards 38400 - 38700 .

Overall Bank Nifty has immediate good support at 35400 - 35100 zone which it needs to hold on correction else closing below it we may see a further correction towards 34350 - 34050 

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.