Bank Nifty Outlook for 30th Dec

 In the previous session:  

Bank Nifty went down by 338 points then went up by 670 points before closing higher by 424 points on Thursday.

Bank Nifty made a new lifetime high of 44151.80 on 14th Dec 2022 from the lows of 16116.25 made on 25th March 2020

On 29th Dec:

Bank Nifty initially triggered our short trade and completed just 1 target and took our trailing stoploss. Post that Bank Nifty reversed to trigger our long trade and completed 2 targets and more doing 400 points.

For 30th Dec:

Sustaining above 43450 enter for 43575 - 43715 - 44090, SL 43315

Sustaining below 43050 enter for 42930 - 42790 - 42410, SL 43190

In the Previous Week: 

Bank Nifty triggered our weekly short trade on closing below 42930 and completed all weekly short targets till 42000 and exceeded it with a low of 41597.65

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 41890 - 42020 for a move towards initial long targets of 42390 - 42490. 

Sustaining or closing above 42490 Bank Nifty may move towards next long targets of 42810 - 43160

On the downside:

Bank Nifty has to sustain and close below its immediate support at 41450 - 41310 for a move towards initial short targets of 40940 - 40840. 

Sustaining or closing below 40840 Bank Nifty may move towards next short targets of 40530 - 40170

So far this week Bank Nifty made a high of 43498.05 completing all our weekly long targets till 43160 and exceeding it and closed at 43252.35

Now in the coming session Bank Nifty sustaining above 43500 can move further towards 43700 - 43900. On the downside Bank Nifty has immediate support at 43160 - 42810 zone and breaking and sustaining below it can move towards 42490 - 42390 where it has stronger support.

We are at the last trading session for 2022 and looking forward to a profitable trading and investing journey in 2023.

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 44151.80 on 14th Dec 2022 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18887.60 on 01st Dec 2022 from the lows of 7511 made on 24th March 2020.

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Disclaimer: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor 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 Dec

 In the previous session:

Nifty went down by 130 points then went up by 107 points before closing higher by 68 points on Thursday

Nifty made a new lifetime high of 18887.60 on 01st Dec 2022 from the lows of 7511.10 made on 24th March 2020

On 29th Dec:

Nifty initially triggered our short trade and completed just 1 target and took our trailing stoploss. Post that Nifty reversed to trigger our long trade and again completed only 1 target.

For 30th Dec:

Sustaining above 18255 enter for 18290 - 18335 - 18450, SL 18210

Sustaining below 18130 enter for 18090 - 18050 - 17930, SL 18175

In the Previous Week: 

Nifty triggered our weekly short trade on closing below 18165 and completed all weekly short targets till 17820 and exceeded it with a low of 17779.50

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17900 - 17960 to move towards initial long targets of 18115 - 18160. 

Closing above 18160 Nifty may move towards next long targets of 18290 - 18440

On the downside:

Nifty has to sustain and close below its immediate support at 17715 - 17650 to move towards initial short targets of 17500 - 17450. 

Closing below 17450 Nifty may move towards next targets of 17320 - 17170.

So far this week Nifty made a high of 18229.70 completing our initial weekly long targets of 18115 - 18160 and closed at 18191

Now in the coming session Nifty sustaining above 18200 can move towards its last weekly long target zone of 18290 - 18440. On the downside Nifty has immediate support zone 18100 - 18050 and breaking and sustaining below it we can see a move towards 17960 - 17900. 

We are at the last trading session for 2022 and looking forward to a profitable trading and investing journey in 2023.

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: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor 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 Dec

 In the previous session:  

Bank Nifty went down by 165 points then went up by 175 points before closing lower by 32 points on Wednesday.

Bank Nifty made a new lifetime high of 44151.80 on 14th Dec 2022 from the lows of 16116.25 made on 25th March 2020

On 28th Dec:

Bank Nifty traded sideways between our long and short trigger zone indicating indecisiveness.

For 29th Dec:

Sustaining above 43050 enter for 43135 - 43270 - 43630, SL 42885

Sustaining below 42630 enter for 42520 - 42380 - 42020, SL 42770

In the Previous Week: 

Bank Nifty triggered our weekly short trade on closing below 42930 and completed all weekly short targets till 42000 and exceeded it with a low of 41597.65

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 41890 - 42020 for a move towards initial long targets of 42390 - 42490. 

Sustaining or closing above 42490 Bank Nifty may move towards next long targets of 42810 - 43160

On the downside:

Bank Nifty has to sustain and close below its immediate support at 41450 - 41310 for a move towards initial short targets of 40940 - 40840. 

Sustaining or closing below 40840 Bank Nifty may move towards next short targets of 40530 - 40170

So far this week Bank Nifty made a high of 43034.95 almost completing all our weekly long targets above 42020 till 43160 and closed at 42827.70 

Now in the coming session Bank Nifty sustaining above 42810 can move to complete all targets till 43160 where it may also face resistance as mentioned yesterday too. On the downside Bank Nifty breaking and sustaining below 42600 can move to test its immediate support at 42490 - 42390 and breaking below it can move back to 42020 - 41890. 

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 44151.80 on 14th Dec 2022 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18887.60 on 01st Dec 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: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor 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 Dec

 In the previous session:

Nifty went down by 63 points then went up by 40 points before closing lower by 10 points on Wednesday

Nifty made a new lifetime high of 18887.60 on 01st Dec 2022 from the lows of 7511.10 made on 24th March 2020

On 28th Dec:

Nifty traded sideways between our long and short trigger zone today indicating indecisiveness.

For 29th Dec:

Sustaining above 18185 enter for 18220 - 18270 - 18385, SL 18140

Sustaining below 18060 enter for 18025 - 17975 - 17860, SL 18105

In the Previous Week: 

Nifty triggered our weekly short trade on closing below 18165 and completed all weekly short targets till 17820 and exceeded it with a low of 17779.50

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17900 - 17960 to move towards initial long targets of 18115 - 18160. 

Closing above 18160 Nifty may move towards next long targets of 18290 - 18440

On the downside:

Nifty has to sustain and close below its immediate support at 17715 - 17650 to move towards initial short targets of 17500 - 17450. 

Closing below 17450 Nifty may move towards next targets of 17320 - 17170.

So far this week Nifty made a high of 18173.10 completing our initial weekly long targets of 18115 - 18160 and closed at 18122.50. 

Now in the coming session Nifty has to break and sustain above 18200 to move towards its last weekly long targets of 18290 - 18440 else we can see this bounce come to an end as mentioned yesterday too. On the downside Nifty has immediate support 18050 and breaking and sustaining below it we can see a move towards 17960 - 17900. 

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: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor 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.