Bank Nifty Outlook for 01st Nov

  In the previous session:  

Bank Nifty went up by 363 points before closing higher by 317 points on Monday.

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

On 31st Oct:

Bank Nifty triggered our long trade with a gap up above our 1st target and did another 100 points completing our 2nd target.

For 01st Nov:

Sustaining above 41440 enter for 41520 - 41620 - 41860, SL 41350

Sustaining below 41175 enter for 41095 - 41000 - 40760, SL 41270

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 41220 - 41370 for a move   towards initial long targets of 41760 - 41860. 

Sustaining or closing above 41860 Bank Nifty may move towards next long targets of 42200 - 42570

On the downside:

Bank Nifty has to sustain and close below its immediate support at 40760 - 40620 for a move towards initial short targets of 40220 - 40120. 

Sustaining or closing below 40120 Bank Nifty may move towards next short targets of 39780 - 39410

So far this week Bank Nifty has made a high of 41353.70 testing our weekly resistance zone of 41220 - 41370 and closed at 41307.90.

Now in the coming sessions Bank Nifty has to break and sustain above 41370 to move towards 41760 - 41860. On the downside Bank Nifty has immediate support at 41100 and breaking and sustaining below it can move towards 40760 - 40620.

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.

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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 01st Nov

  In the previous session:

Nifty went up by 236 points before closing higher by 225 points on Monday

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

On 31st Oct:

Nifty triggered our long trade with a big gap up above our last target and did not give a trade. 

For 01st Nov:

Sustaining above 18050 enter for 18070 - 18090 - 18150, SL 18020

Sustaining below 17975 enter for 17955 - 17930 - 17870, SL 18000

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17840 - 17870 to move towards initial long targets of 17940 - 17970. 

Closing above 17970 Nifty may move towards next long targets of 18030 - 18100

On the downside:

Nifty has to sustain and close below its immediate support at 17740 - 17710 to move towards initial short targets of 17630 - 17610. 

Closing below 17610 Nifty may move towards next targets of 17550 - 17470.

So far this week Nifty has made a high of 18022.80 almost completing all our long targets till 18030 - 18100 and closed at 18012.20.

Now in the coming sessions Nifty sustaining above 17970 can move towards 18030 - 18100. On the downside Nifty has immediate support at 17870 - 17840 which it needs to hold incase of a correction to resume the upmove

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 31st Oct

 In the previous session:  

Bank Nifty went up by 183 points then went down by 460 points before closing lower by 308 points on Friday.

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 Oct:

Bank Nifty triggered our long trade and took our stoploss. Post that Bank Nifty reversed to trigger our short trade and completed 2 targets and more doing 300 points.

For 31st Oct:

Sustaining above 41130 enter for 41220 - 41320 - 41590, SL 41030

Sustaining below 40850 enter for 40760 - 40660 - 40390, SL 40950

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 41220 - 41370 for a move   towards initial long targets of 41760 - 41860. 

Sustaining or closing above 41860 Bank Nifty may move towards next long targets of 42200 - 42570

On the downside:

Bank Nifty has to sustain and close below its immediate support at 40760 - 40620 for a move towards initial short targets of 40220 - 40120. 

Sustaining or closing below 40120 Bank Nifty may move towards next short targets of 39780 - 39410

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 31st Oct

 In the previous session:

Nifty went up by 102 points then went down by 13 points before closing higher by 50 points on Friday

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 Oct:

Nifty triggered our long trade and completed 2 targets and more doing 50 points and then took our TSL.

For 31st Oct:

Sustaining above 17815 enter for 17835 - 17855 - 17910, SL 17795

Sustaining below 17755 enter for 17740 - 17720 - 17670, SL 17780

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17840 - 17870 to move towards initial long targets of 17940 - 17970. 

Closing above 17970 Nifty may move towards next long targets of 18030 - 18100

On the downside:

Nifty has to sustain and close below its immediate support at 17740 - 17710 to move towards initial short targets of 17630 - 17610. 

Closing below 17610 Nifty may move towards next targets of 17550 - 17470.

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 28th Oct

 In the previous session:  

Bank Nifty went up by 389 points before closing higher by 176 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 27th Oct:

Bank Nifty triggered our long trade with a big gap up near our 2nd target and did not give a trade. Had shared revised levels on telegram and we got a short as per it and 100 points completing 1 target.

For 28th Oct:

Sustaining above 41440 enter for 41520 - 41620 - 41880, SL 41340

Sustaining below 41160 enter for 41080 - 40980 - 40720, SL 41260

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 41070 - 41250 for a move   towards initial long targets of 41740 - 41870. 

Sustaining or closing above 41870 Bank Nifty may move towards next long targets of 42290 - 42750

On the downside:

Bank Nifty has to sustain and close below its immediate support at 40490 - 40320 for a move towards initial short targets of 39830 - 39700. 

Sustaining or closing below 39700 Bank Nifty may move towards next short targets of 39280 - 38820

 So far this week Bank Nifty made a high of 41530.65 breaking above our weekly resistance and closed at 41122.75.

Now in the coming session Bank Nifty has to sustain above 41070 to move towards its initial weekly targets of 41740 - 41870. On the downside Bank Nifty breaking and sustaining below 40960 can move towards its weekly support of 40490 - 40320.

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.