Bank Nifty Outlook for 29th Jun

 In the previous session :  

Bank Nifty went down by 308 points before closing lower by 169 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 28th Jun :

Bank Nifty triggered our long trade and completed 1 target and more doing 150+ points. 

For 29th Jun :

Sustaining above 33790 enter for 33880 - 33990 - 34260 , SL 33680

Sustaining below 33490 enter for 33410 - 33300 - 33020 , SL 33600

Now for this week :

On the upside :

Bank Nifty has to sustain and close above 33870 - 34010 where it has its initial resistance for a  move towards next targets of 34410 - 34520 . 

Sustaining or closing above 34520 Bank Nifty can move towards further targets of 34870 - 35250

On the downside :

Bank Nifty has to sustain and close below 33390 - 33240 where it has its initial support for a move towards next targets of 32840 - 32730 . 

Sustaining or closing below 32730 Bank Nifty can move towards further targets of 32390 - 32000

So far this week Bank Nifty made a high of 34147.50 breaking above our initial weekly resistance zone of 33870 - 34010 and went down till 33503.30 and closed once again today at 33642.45 below the initial weekly resistance. Now in the coming session Bank Nifty has to break and sustain above its immediate resistance at 33800 for a move towards 34000 - 34250 . On the downside Bank Nifty on breaking and sustaining below 33500 can make a move towards its immediate support zone at 33390 - 33240. 

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.