Wednesday 30 November 2022

Bank Nifty Outlook for 01st Dec

 In the previous session:  


Bank Nifty went down by 173 points then went up by 278 points before closing higher by 177 points on Wednesday.


Bank Nifty made a new lifetime high of 43339.15 on 25th Nov from the lows of 16116.25 made on 25th March 2020


On 30th Nov:

Bank Nifty initially triggered our short trade trade and completed 2 targets and more doing 100+ points and then took our TSL. Post that Bank Nifty reversed to trigger our long trade and completed all targets doing 200 points 


For 01st Dec:

Sustaining above 43290 enter for 43320 - 43360 - 43460, SL 43250

Sustaining below 43175 enter for 43140 - 43100 - 43000, SL 43215

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 43090 - 43160 for a move towards initial long targets of 43340 - 43380

Sustaining or closing above 43380 Bank Nifty may move towards next long targets of 43530 - 43700

On the downside:

Bank Nifty has to sustain and close below its immediate support at 42880 - 42810 for a move towards initial short targets of 42640 - 42580. 

Sustaining or closing below 42580 Bank Nifty may move towards next short targets of 42440 - 42270

So far this week Bank Nifty made a low of 42740 breaking below our weekly support zone and bounced back sharply to make a high of 43332.30 reaching near our initial weekly long targets of 43340 - 43380 and closed at 43231.

Now in the coming session Bank Nifty has to sustain above 43160 to complete the move towards 43340 - 43380. Breaking and sustaining above 43380 Bank Nifty can move further towards 43530 - 43700. On the downside Bank Nifty breaking and sustaining below 42950 can move towards its weekly support of 42880 - 42810 which it needs to hold else breaking and sustaining below 42810 it can fall further towards 42640 - 42580.



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 43339.15 on 25th Nov 2022 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18816.05 on 30th Nov 2022 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 Dec

  In the previous session:

Nifty went down by 1.5 points then went up by 198 points before closing higher by 140 points on Wedneday


Nifty made a new lifetime high of 18816.05 on 30th Nov 2022 from the lows of 7511.10 made on 24th March 2020



On 30th Nov:

Nifty triggered our long trade and completed all targets and more doing 125+ points


For 01st Dec:

Sustaining above 18800 enter for 18820 - 18845 - 18920, SL 18770

Sustaining below 18720 enter for 18700 - 18670 - 18600, SL 18750



Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 18575 - 18615 to move towards initial long targets of 18715 - 18750. 

Closing above 18750 Nifty may move towards next long targets of 18830 - 18930

On the downside:

Nifty has to sustain and close below its immediate support at 18450 - 18410 to move towards initial short targets of 18310 - 18280. 

Closing below 18280 Nifty may move towards next targets of 18190 - 18090.

So far this week Nifty made a low of 18365.60 breaking below our weekly support zone and bounced back sharply till 18816.05 almost reaching our last weekly long targets of 18830 - 18930 and closed at 18758.35 

Now in the coming session Nifty has to sustain above 18750 for a move towards 18830 - 18930. On the downside Nifty has immediate support at 18700 and breaking and sustaining below it can move towards 18650 - 18600.




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.

Tuesday 29 November 2022

Bank Nifty Outlook for 30th Nov

 In the previous session:  


Bank Nifty went down by 61 points then went up by 259 points before closing higher by 33 points on Tuesday.


Bank Nifty made a new lifetime high of 43339.15 on 25th Nov from the lows of 16116.25 made on 25th March 2020


On 29th Nov:

Bank Nifty triggered our long trade and completed all targets doing 190 points.


For 30th Nov:

Sustaining above 43110 enter for 43145 - 43190 - 43290, SL 43070

Sustaining below 42995 enter for 42960 - 42920 - 42810, SL 43035

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 43090 - 43160 for a move towards initial long targets of 43340 - 43380

Sustaining or closing above 43380 Bank Nifty may move towards next long targets of 43530 - 43700

On the downside:

Bank Nifty has to sustain and close below its immediate support at 42880 - 42810 for a move towards initial short targets of 42640 - 42580. 

Sustaining or closing below 42580 Bank Nifty may move towards next short targets of 42440 - 42270

So far this week Bank Nifty made a low of 42740 breaking below our weekly support zone and bounced back sharply to make a high of 43279.60 breaking above our weekly resistance zone and closed at 43053.45 indicating indecisiveness.

Now in the coming session Bank Nifty has to again break and sustain above 43160 to move towards 43340 - 43380. On the downside Bank Nifty breaking and sustaining below 42950 can move towards its weekly support of 42880 - 42810 which it needs to hold else breaking and sustaining below it can fall further towards 42640 - 42580.



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 43339.15 on 25th Nov 2022 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18678.10 on 29th Nov 2022 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 30th Nov

 In the previous session:

Nifty went down by 10 points then went up by 115 points before closing higher by 55 points on Tuesday


Nifty made a new lifetime high of 18678.10 on 29th Nov 2022 from the lows of 7511.10 made on 24th March 2020



On 29th Nov:

Nifty triggered our long trade and completed 2 targets and more doing 75 points


For 30th Nov:

Sustaining above 18655 enter for 18680 - 18705 - 18775, SL 18630

Sustaining below 18580 enter for 18560 - 18530 - 18460, SL 18605



Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 18575 - 18615 to move towards initial long targets of 18715 - 18750. 

Closing above 18750 Nifty may move towards next long targets of 18830 - 18930

On the downside:

Nifty has to sustain and close below its immediate support at 18450 - 18410 to move towards initial short targets of 18310 - 18280. 

Closing below 18280 Nifty may move towards next targets of 18190 - 18090.

So far this week Nifty made a low of 18365.60 breaking below our weekly support zone and bounced back sharply till 18678.10 to break above our weekly resistance zone at 18575 - 18615 and closed at 18618.05. 

Now in the coming session Nifty has to sustain above 18615 for a move towards 18715 - 18750. On the downside Nifty has immediate support at 18550 and breaking and sustaining below it can move towards 18450 - 18410.




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.