Bank Nifty Outlook for 01st Aug

 In the previous session :  

Bank Nifty went up by 376 points then went down by 157 points and closed higher by 113 points on Wednesday.

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 29th Jul :

Bank Nifty triggered our long trade with a gap up near our last target and did not give a chance to enter . Post that Bank Nifty reversed to trigger our short trade but took our stoploss.

For 01st Aug :

Sustaining above 37600 enter for 37660 - 37740 - 37930 , SL 37520

Sustaining below 37380 enter for 37320 - 37250 - 37050 , SL 37460

Now for this week :

On the upside :

Bank Nifty has to sustain and close above its immediate resistance at 37660 - 37770 for a move  towards initial targets of 38060 - 38140 . 

Sustaining or closing above 38140 Bank Nifty may move towards next targets of 38380 - 38660

On the downside :

Bank Nifty has to sustain and close below its immediate support at 37320 - 37210 for a move towards initial targets of 36930 - 36850 . 

Sustaining or closing below 36850 Bank Nifty may move towards next targets of 36600 - 36330

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 Aug

 In the previous session :

Nifty went up by 243 points before closing higher by 228 points on Friday

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 29th Jul :-

Nifty triggered our long trade with a gap up above our 2nd target and went up further by 120 points 

For 01st Aug :-

Sustaining above 17210 enter for 17240 - 17280 - 17380 , SL 17175

Sustaining below 17100 enter for 17075 - 17035 - 16935 , SL 17145

Now for this week :

On the upside :

Nifty has to sustain and close above its immediate resistance at 17250 - 17300 to move towards initial targets of 17440 - 17480 . 

Closing above 17480 Nifty may move towards next targets of 17600 - 17750 .

On the downside :

Nifty has to sustain and close below its immediate support at 17050 - 17000 to move towards initial  targets of 16880 - 16830 . 

Closing below 16830 Nifty may move towards next targets of 16710 - 16570 .

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 29th Jul

 In the previous session :  

Bank Nifty went down by 159 points then went up by 399 points and closed higher by 375 points on Wednesday.

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 Jul :

Bank Nifty triggered our long trade with a gap up above our 2nd target and went up further by 350 points 

For 29th Jul :

Sustaining above 37500 enter for 37565 - 37650 - 37870 , SL 37415

Sustaining below 37260 enter for 37190 - 37100 - 36890 , SL 37345

Now for this week :

On the upside :

Bank Nifty has to sustain and close above 36960 - 37100 where it has its initial resistance for a  move towards next targets of 37470 - 37570 . 

Sustaining or closing above 37570 Bank Nifty can move towards further targets of 37900 - 38260

On the downside :

Bank Nifty has to sustain and close below 36520 - 36380 where it has its initial support for a move towards next targets of 36000 - 35900 . 

Sustaining or closing below 35900 Bank Nifty can move towards further targets of 35580 - 35220

So far this week Bank Nifty made a low of 36248.60 breaking below our initial weekly support in the previous session and bounced back sharply to make a high of 37414 today almost testing our initial weekly long target zone of 37470 - 37570 and close at 37378.15 .  Now in the coming session Bank Nifty sustaining above 37100 can move to complete the immediate weekly long targets of 37470 - 37570 where it may see some profit booking . On the downside Bank Nifty has immediate support at 36960 and breaking and sustaining below it we may see it move towards 36600 - 36400 zone  . 

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 29th Jul

 In the previous session :

Nifty went up by 305 points before closing higher by 287 points on Thursday

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 28th Jul :-

Nifty triggered our long trade with a gap up above our 2nd target and went up further by 175 points 

For 29th Jul :-

Sustaining above 16980 enter for 17015 - 17050 - 17150 , SL 16945

Sustaining below 16875 enter for 16845 - 16805 - 16710 , SL 16915

Now for this week :

On the upside :

Nifty has to sustain and close above 16795 - 16845 where it has its initial resistance to move towards next targets of 16975 - 17010 . 

Closing above 17010 Nifty may move towards further targets of 17120 - 17240 .

On the downside :

Nifty has to sustain and close below 16640 - 16590 where it has its initial support to move towards next targets of 16465 - 16430 . 

Closing below 16430 Nifty may move towards further targets of 16320 - 16200 .

So far this week Nifty has made a low of 16438. 75 testing our weekly short targets zone of 16465 - 16430 and bounced back sharply till 16947.65 today breaking above our resistance zone of 16798 - 16845 and closed today at 16929.60 . Now in the coming session Nifty has sustaining above 16800 can move towards 16975 - 17010 where it has its initial weekly long target zone. On the downside Nifty has immediate support at 16800 and on breaking and sustaining below which Nifty can move down again towards 16700 - 16600  .

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 28th Jul

 In the previous session :  

Bank Nifty went down by 159 points then went up by 399 points and closed higher by 375 points on Wednesday.

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 27th Jul :

Bank Nifty initially triggered our short trade and took our stoploss. Post that Bank Nifty reversed to trigger our long trade and completed 2 targets and more doing 250+ points 

For 28th Jul :

Sustaining above 36900 enter for 36965 - 37050 - 37250 , SL 36820

Sustaining below 36670 enter for 36605 - 36520 - 36310 , SL 36750

Now for this week :

On the upside :

Bank Nifty has to sustain and close above 36960 - 37100 where it has its initial resistance for a  move towards next targets of 37470 - 37570 . 

Sustaining or closing above 37570 Bank Nifty can move towards further targets of 37900 - 38260

On the downside :

Bank Nifty has to sustain and close below 36520 - 36380 where it has its initial support for a move towards next targets of 36000 - 35900 . 

Sustaining or closing below 35900 Bank Nifty can move towards further targets of 35580 - 35220

So far this week Bank Nifty made a high of 37011 testing our initial weekly resistance zone and corrected today till 36248.60 breaking below our initial weekly support zone and bounced back sharply and closed at 36783.75 . Now in the coming session Bank Nifty sustaining above 36700 has immediate resistance at 36960 - 37100 . On the downside Bank Nifty has immediate support at 36520 - 36380 . 

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.