In the previous session :
Bank Nifty went up by 622 points and closed higher by 537 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 Jul :
Bank Nifty triggered our long trade and completed all targets and more doing 400+ points .
For 25th Jul :
Sustaining above 36880 enter for 36960 - 37060 - 37310 , SL 36780
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
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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