Bank Nifty Outlook for 30th Sep

  In the previous session:  

Bank Nifty went up by 523 points then went down by 223 points before closing lower by 112 points on Thursday.

Bank Nifty made a new lifetime high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March

On 29th Sep:

Bank Nifty triggered our long trade with a gap up above our 2nd target and did not gie a trade. Had shared revised levels on the telegram channel which gave us a short trade.

For 30th Sep:

Sustaining above 37830 enter for 37930 - 38060 - 38390, SL 37700

Sustaining below 37470 enter for 37370 - 37240 - 36910, SL 37600

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 39860 - 40060 for a move   towards initial long targets of 40590 - 40730. 

Sustaining or closing above 40730 Bank Nifty may move towards next long targets of 41190 - 41690

On the downside:

Bank Nifty has to sustain and close below its immediate support at 39230 - 39040 for a move towards initial short targets of 38500 - 38360. 

Sustaining or closing below 38360 Bank Nifty may move towards next short targets of 37910 - 37400

So far this week Bank Nifty made a low of 37536.65 almost completing our last weekly short targets of 37910 - 37400 and closed at 37647.75

Now in the coming session Bank Nifty sustaining above 37910 has immediate resistance at 38360 - 38500 and has to break and close above it for a further bounce. On the downside Bank Nifty sustaining below 37910 can move towards 37400 to complete our last weekly short target and below it can correct further towards 37250 - 37050. 

 

In case 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 41840.15 on 15th Sep 2022 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.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

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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.

Nifty Outlook for 30th Sep

 In the previous session:

Nifty went up by 167 points then went down by 70 points before closing lower by 40 points on Thursday

Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020

On 29th Sep:

Nifty triggered our long trade with a gap up above our 2nd target and did not give a trade. We had posted revised levels to adjust the gap up on the telegram channel which gave a short trade.

 

For 30th Sep:

Sustaining above 16875 enter for 16910 - 16950 - 17060, SL 16835

Sustaining below 16760 enter for 16725 - 16685 - 16575, SL 16800

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17430 - 17500 to move towards initial long targets of 17680 - 17730. 

Closing above 17730 Nifty may move towards next long targets of 17880 - 18050

On the downside:

Nifty has to sustain and close below its immediate support at 17220 - 17150 to move towards initial short targets of 16970 - 16920. 

Closing below 16920 Nifty may move towards next targets of 16770 - 16600.

So far this week Nifty made a low of 16788.60 nearing our last weekly short targets of 16770 - 16600 and closed at 16818.10. 

Now in the coming session Nifty sustaining below 16920 can move towards its last weekly short targets of 16770 - 16600. On the upside Nifty has to break and sustain above 16970 to move towards 17050 - 17150 where it has good resistance.

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.

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.

Bank Nifty Outlook for 29th Sep

 In the previous session:  

Bank Nifty went up by 9 points then went down by 733 points before closing lower by 599 points on Wednesday.

Bank Nifty made a new lifetime high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March

On 28th Sep:

Bank Nifty triggered our short trade and completed all targets doing 550 points

For 29th Sep:

Sustaining above 37940 enter for 38040 - 38160 - 38490, SL 37810

Sustaining below 37580 enter for 37480 - 37360 - 37030, SL 37710

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 39860 - 40060 for a move   towards initial long targets of 40590 - 40730. 

Sustaining or closing above 40730 Bank Nifty may move towards next long targets of 41190 - 41690

On the downside:

Bank Nifty has to sustain and close below its immediate support at 39230 - 39040 for a move towards initial short targets of 38500 - 38360. 

Sustaining or closing below 38360 Bank Nifty may move towards next short targets of 37910 - 37400

So far this week Bank Nifty made a low of 37626.20 almost completing our last weekly short targets of 37910 - 37400 and closed at 37759.85

Now in the coming session Bank Nifty sustaining above 37910 has immediate resistance at 38360 - 38500 and has to break and close above it for a further bounce. On the downside Bank Nifty sustaining below 37910 can move towards 37400 to complete our last weekly short target and below it can correct further towards 37050. 

 

In case 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 41840.15 on 15th Sep 2022 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.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

To receive this post daily in your inbox, kindly register by adding your email id in 6 the 'Subscribe to my posts' section on the top right side of the blog.

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.

Nifty Outlook for 29th Sep

 In the previous session:

Nifty went up by 30 points then went down by 187 points before closing lower by 149 points on Wednesday

Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020

On 28th Sep:

Nifty triggered our short trade and completed 2 targets and more doing 100+ points 

For 29th Sep:

Sustaining above 16925 enter for 16965 - 17010 - 17130, SL 16880

Sustaining below 16790 enter for 16755 - 16705 - 16590, SL 16840

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17430 - 17500 to move towards initial long targets of 17680 - 17730. 

Closing above 17730 Nifty may move towards next long targets of 17880 - 18050

On the downside:

Nifty has to sustain and close below its immediate support at 17220 - 17150 to move towards initial short targets of 16970 - 16920. 

Closing below 16920 Nifty may move towards next targets of 16770 - 16600.

So far this week Nifty made a low of 16820.40 completing our initial weekly short targets of 16970 - 16920 and closed at 16858.60. 

Now in the coming session Nifty has immediate resistance at 16920 - 16970 which it needs to break and close above for a further bounce towards 17150 - 17220. On the downside Nifty sustaining below 16920 can move towards its last weekly short targets of 16770 - 16600.

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.

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.