In the previous session:
Bank Nifty went up by 256 points then went down by 235 points before closing higher by 36 points on Friday.
Bank Nifty made a new lifetime high of 43853.40 on 09th Dec 2022 from the lows of 16116.25 made on 25th March 2020
On 09th Dec:
Bank Nifty triggered our long trade and completed all targets and more doing 490 points
For 12th Dec:
Sustaining above 43710 enter for 43760 - 43810 - 43960, SL 43655
Now for this week:
On the upside:
Bank Nifty has to sustain and close above its immediate resistance at 43760 - 43840 for a move towards initial long targets of 44050 - 44110.
Sustaining or closing above 44110 Bank Nifty may move towards next long targets of 44290 - 44490
On the downside:
Bank Nifty has to sustain and close below its immediate support at 43510 - 43430 for a move towards initial short targets of 43215 - 43160.
Sustaining or closing below 43160 Bank Nifty may move towards next short targets of 42980 - 42780
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 43853.40 on 09th 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: 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.
No comments:
Post a Comment