Bank Nifty Outlook for 01st Jun

 In the previous session :  

Bank Nifty went up by 55 points then went down by 538 points before closing lower by 339 points on Tuesday.

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 May :

Bank Nifty triggered our short trade and completed 2 targets and more doing 300+ points .

For 01st Jun :

Sustaining above 35700 enter for 35820 - 35970 - 36360 , SL 35550

Sustaining below 35280 enter for 35150 - 35000 - 34610 , SL 35430

Now for this week :

On the upside :

Bank Nifty has to sustain and close above 35960 - 36180 where it has its initial resistance for a  move towards next targets of 36770 - 36930 . 

Sustaining or closing above 36930 Bank Nifty can move towards further targets of 37430 - 37990

On the downside :

Bank Nifty has to sustain and close below 35270 - 35050 where it has its initial support for a move towards next targets of 34460 - 34300 . 

Sustaining or closing below 34300 Bank Nifty can move towards further targets of 33800 - 33250

So far this week Bank Nifty made a high of 36083.70 testing our initial resistance zone and closed today at 35487.40  . Now in the coming session Bank Nifty has to break and sustain / close  above 36180 to move up further towards 36770 - 36930 . On the downside Bank Nifty has immediate support at 35270 - 35050 which it needs to hold on dips .

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. 

Nifty Outlook for 01st Jun

 In the previous session :

Nifty went up by 29 points then went down by 139 points before closing lower by 76 points on Tuesday

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 May :-

Nifty initially triggered our short trade but failed to complete any targets .

For 01st Jun :-

Sustaining above 16710 enter for 16760 - 16810 - 16990 , SL 16615

Sustaining below 16480 enter for 16430 - 16350 - 16170 , SL 16555

Now for this week :

On the upside :

Nifty has to sustain and close above 16520 - 16630 where it has its initial resistance to move towards next targets of 16900 - 16980 . 

Closing above 16980 Nifty may move towards further targets of 17210 - 17490.

On the downside :

Nifty has to sustain and close below 16180 - 16080 where it has its initial support to move towards next targets of 15800 - 15720 . 

Closing below 15720 Nifty may move towards further targets of 15480 - 15210 .

So far this week Nifty made a high of 16695.50 breaking above our initial resistance zone and closed today at 16584.55. Now in the coming session Nifty has immediate support at 16430 - 16350 on dips . Sustaining above 16710 we can see it move up further towards 16800 - 16950 .

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 May

In the previous session :  

Bank Nifty went up by 470 points before closing higher by 215 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 30th May :

Bank Nifty triggered our long trade with a gap up near our 1st target and went up further by 100+ points .

For 31st May :

Sustaining above 36090 enter for 36200 - 36300 - 36680 , SL 35890

Sustaining below 35620 enter for 35500 - 35350 - 34970 , SL 35770

Now for this week :

On the upside :

Bank Nifty has to sustain and close above 35960 - 36180 where it has its initial resistance for a  move towards next targets of 36770 - 36930 . 

Sustaining or closing above 36930 Bank Nifty can move towards further targets of 37430 - 37990

On the downside :

Bank Nifty has to sustain and close below 35270 - 35050 where it has its initial support for a move towards next targets of 34460 - 34300 . 

Sustaining or closing below 34300 Bank Nifty can move towards further targets of 33800 - 33250

So far this week Bank Nifty made a high of 36083.70 testing our initial resistance zone and closed at 35826.95 below it . Now in the coming session Bank Nifty has to break and sustain above 

36180 to move up further towards 36770 - 36930 . On the downside Bank Nifty has immediate support at 35500 - 35350 which it needs to hold on dips to bounce back. 

For the month of May :

Bank Nifty has immediate good resistance at 36630 - 36930 zone which it needs to close above for the next move towards 37800 - 38000 .

Bank Nifty has immediate good support at 35570 - 35250 zone which it needs to hold on correction else closing below it we may see a further correction towards 34350 - 34100 

So far for the month Bank Nifty breaking and sustaining below its monthly support of 35570 - 35250 has made a low of 33297.65 breaking below its next support zone of 34350 - 34100 and today closed below it too . 

As mentioned earlier "Now on sustaining below 34100 we can see a further correction towards 33400 - 32950 . Immediate strong resistance for Bank Nifty on a strong bounce now is near 34840 - 35000 ", and Bank Nifty made a low of 33001.75 on sustaining below 34100 . Now Bank Nifty breaking and sustaining or closing below 33000 can fall further towards 32600 - 32300. Immediate resistance for Bank Nifty is now at 34100 - 34350 which it needs to break and close above for a further bounce towards 35250 - 35570.

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 May

 In the previous session :

Nifty went up by 343 points before closing higher by 309 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 30th May :-

Nifty initially triggered our long trade with a gap up above our 1st target and went up further by 150+ points.

For 31st May :-

Sustaining above 16760 enter for 16820 - 16890 - 17070 , SL 16690

Sustaining below 16560 enter for 16500 - 16430 - 16250 , SL 16630

Now for this week :

On the upside :

Nifty has to sustain and close above 16520 - 16630 where it has its initial resistance to move towards next targets of 16900 - 16980 . 

Closing above 16980 Nifty may move towards further targets of 17210 - 17490.

On the downside :

Nifty has to sustain and close below 16180 - 16080 where it has its initial support to move towards next targets of 15800 - 15720 . 

Closing below 15720 Nifty may move towards further targets of 15480 - 15210 .

So far this week Nifty made a high of 16695.50 breaking above our initial resistance zone and closed well above it at 16661.40. Now in the coming session Nifty has immediate support at 16500 - 16430 on dips from where we may see a bounce on corrections. Sustaining above 16630 we can see it move up further towards 16900 - 16980 .

For the month : 

Overall Nifty has immediate good resistance at 17370 - 17540 zone which it needs to close above for the next move towards 17900 - 18100 zone

Overall Nifty has immediate good support at 16830 - 16660 zone which it needs to hold on corrections else closing below we may see a further move towards 16200 - 16100 . Closing below 16100 we can see Nifty move towards 15700 - 15500. 

Had mentioned earlier " Overall Nifty has its immediate next targets at 15700 - 15500 as long as its trading below 16100." , and so far Nifty has made a low of 15735.75 sustaining below 16100.

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.