In the previous session :
Bank Nifty went up by 394 points and closed higher by 165 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 05th Aug :
Bank Nifty triggered our long trade and completed 2 targets and more doing 280 points.
For 08th Aug :
Sustaining above 38030 enter for 38100 - 38180 - 38380 , SL 37950
Now for this week :
On the upside :
Bank Nifty has to sustain and close above its immediate resistance at 38100 - 38250 for a move towards initial targets of 38520 - 38600 .
Sustaining or closing above 38600 Bank Nifty may move towards next targets of 38860 - 39160
On the downside :
Bank Nifty has to sustain and close below its immediate support at 37740 - 37630 for a move towards initial targets of 37320 - 37240 .
Sustaining or closing below 37240 Bank Nifty may move towards next targets of 36980 - 36680
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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