Bank Nifty Outlook for 27th Jul

 In the previous session :  

Bank Nifty went down by 392 points and closed lower by 318 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 26th Jul :

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

For 27th Jul :

Sustaining above 36530 enter for 36600 - 36690 - 36900 , SL 36440

Sustaining below 36290 enter for 36220 - 36130 - 35900 , SL 36370

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 36334 testing our initial weekly support zone and closed at 36408.50. Now in the coming session Bank Nifty breaking and sustaining below 36380 can move towards its weekly short target zone of 36000 - 35900 . On the upside Bank Nifty has immediate resistance at 36960 - 37100 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.

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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.