Sustaining above 48640 can move towards 48720 - 48820 - 49070, SL 48550
Sustaining below 48375 can move towards 48295 - 48200 - 47950, SL 48470
Bank Nifty has to sustain and close above its weekly resistance at 47715 - 47855 to move towards its initial weekly long targets of 48235 - 48335
Closing above 48335 Bank Nifty may move towards its last weekly long targets of 48660 - 49020
On the downside:
Bank Nifty has to sustain and close below its weekly support at 47270 - 47130 to move towards its initial weekly short targets of 46750 - 46650
Closing below 46650 Bank Nifty may move towards its last weekly short targets of 46350 - 45960
So far this week Bank Nifty has triggered our weekly long trade on sustaining above 47855 and has made a high of 48636.45 completing our initial weekly long targets till 48235 - 48335 and reaching our last weekly long targets of 48660 - 49020 and closed at 48508.55
Now in the coming session Bank Nifty sustaining above 48375 can move towards 48660 - 49020. On the downside Bank Nifty has immediate support at 48335 - 48235 and breaking and sustaining below it can move towards 48000 - 47850
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
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