In the previous session :
Bank Nifty went up by 248 points then went down by 187 points before closing higher by 31 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 15th Jul :
Bank Nifty triggered our long trade and completed 1 target doing 75 point and took our TSL. Post that Bank Nifty reversed to trigger our short trade but missed our 1st target and took our stoploss.
For 18th Jul :
Sustaining above 34810 enter for 34880 - 34975 - 35210 , SL 34720
Now for this week :
On the upside :
Bank Nifty has to sustain and close above 34890 - 35020 where it has its initial resistance for a move towards next targets of 35370 - 35460 .
Sustaining or closing above 35460 Bank Nifty can move towards further targets of 35750 - 36080
On the downside :
Bank Nifty has to sustain and close below 34480 - 34350 where it has its initial support for a move towards next targets of 34000 - 33900 .
Sustaining or closing below 33900 Bank Nifty can move towards further targets of 33600 - 33300
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.
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