In the previous session :
Bank Nifty went up by 386 points then went down by 103 points before closing higher by 36 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 26th Aug :
Bank Nifty triggered our long trade and completed 2 targets and more doing 200+ points
For 29th Aug :
Sustaining above 39135 enter for 39225 - 39330 - 39610 , SL 39030
Now for this week :
On the upside :
Bank Nifty has to sustain and close above its immediate resistance at 39230 - 39380 for a move towards initial long targets of 39790 - 39900 .
Sustaining or closing above 39900 Bank Nifty may move towards next long targets of 40250 - 40630
On the downside :
Bank Nifty has to sustain and close below its immediate support at 38740 - 38590 for a move towards initial short targets of 38180 - 38080 .
Sustaining or closing below 38080 Bank Nifty may move towards next short targets of 37730 - 37340
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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