Bank Nifty Outlook for 01st Feb

 In the previous session:  

Bank Nifty went down by 220 points then went down by 424 points before closing higher by 267 points on Tuesday

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 31st Jan:

Bank Nifty triggered our long trade and almost completed 2 targets doing 200 points

For 01st Feb

Sustaining above 40870 enter for 41000 - 41150 - 41550, SL 40720

Sustaining below 40440 enter for 40310 - 40160 - 39760, SL 40590

In the Previous Week: 

Bank Nifty triggered our short trade and completed all targets till 41380 and exceeded it with a low of 40148.80

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 40680 - 40880 for a move towards initial long targets of 41450 - 41590. 

Sustaining or closing above 41590 Bank Nifty may move towards next long targets of 42070 - 42600

On the downside:

Bank Nifty has to sustain and close below its immediate support at 40020 - 39810 for a move towards initial short targets of 39240 - 39100. 

Sustaining or closing below 39100 Bank Nifty may move towards next short targets of 38620 - 38100

So far this week Bank Nifty has made a low of 39419.80 breaking below our weekly support zone of 40020 - 39810 and bounced back to make a high of 40811.65 testing our immediate resistance zone of 40680 - 40880 and closed at 40655.05

Now in the coming session Bank Nifty has to break and sustain above 40880 to move towards 41450 - 41590. On the downside Bank Nifty has immediate support at 40020 - 39810 and has to break and sustain below it to move towards 39240 - 39100. 

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 01st Feb

   In the previous session:

Nifty went up by 86 points then went down by 111 points before closing higher by 13 points on Tuesday

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 31st Jan:

Nifty triggered our short trade and completed just one target doing 30 points. 

For 01st Feb:

Sustaining above 17710 enter for 17740 - 17775 - 17860, SL 17675

Sustaining below 17610 enter for 17585 - 17550 - 17460, SL 17650

In the Previous Week: 

Nifty triggered our weekly short trade and completed all targets till 17590 and exceeded it with a low of 17493.55

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17690 - 17750 to move towards its initial long targets of 17890 - 17930. 

Closing above 17930 Nifty may move towards next long targets of 18060 - 18200

On the downside:

Nifty has to sustain and close below its immediate support at 17520 - 17460 to move towards initial short targets of 17320 - 17280. 

Closing below 17280 Nifty may move towards next targets of 17150 - 17010.

So far this week Nifty has made a low of 17404.55 breaking below our weekly support zone of 17520 - 17460 but bounced back to make a high of 17735.70 testing our weekly resistance zone of 17690 - 17750 and closed at 17662.15

Now in the coming session Nifty has to break and sustain above 17750 for a move towards 17890 - 17930. On the downside Nifty has to break and sustain below 17520 - 17460 zone for a move towards 17320 - 17280. Ideally we now need a close either below 17460 or above 17750 for good move.

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 31st Jan

 In the previous session:  

Bank Nifty went up by 444 points then went down by 925 points before closing higher by 42 points on Monday

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 30th Jan:

Bank Nifty triggered our long trade and almost completed 2 targets and took our TSL. Post that Bank Nifty reversed to trigger our short trade and completed all targets doing 650+ points

For 31st Jan

Sustaining above 40590 enter for 40720 - 40860 - 41250, SL 40450

Sustaining below 40180 enter for 40060 - 39910 - 39520, SL 40330

In the Previous Week: 

Bank Nifty triggered our short trade and completed all targets till 41380 and exceeded it with a low of 40148.80

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 40680 - 40880 for a move towards initial long targets of 41450 - 41590. 

Sustaining or closing above 41590 Bank Nifty may move towards next long targets of 42070 - 42600

On the downside:

Bank Nifty has to sustain and close below its immediate support at 40020 - 39810 for a move towards initial short targets of 39240 - 39100. 

Sustaining or closing below 39100 Bank Nifty may move towards next short targets of 38620 - 38100

Today Bank Nifty made a high of 40789.55 testing our immediate resistance zone of 40680 - 40880 and reversed to make a low of 39419.80 breaking below our immediate support zone of 40020 - 39810 but bounced back to close at 40387.45 well above the immediate support zone.

Now in the coming session Bank Nifty has immediate support at 40020 - 39810 and breaking and sustaining below it can move towards 39240 - 39100. On the upside Bank Nifty has immediate resistance at 40680 - 40880 and has to break and sustain above it to move towards 41450 - 41590.

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 31st Jan

 In the previous session:

Nifty went up by 105 points then went down by 199 points before closing higher by 45 points on Monday

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 30th Jan:

Nifty initially triggered our long trade and completed just 1 target and took our TSL. Post that Nifty triggered our short trade and almost completed all targets doing 145 points.

For 31st Jan:

Sustaining above 17720 enter for 17750 - 17775 - 17870, SL 17665

Sustaining below 17580 enter for 17550 - 17520 - 17420, SL 17635

In the Previous Week: 

Nifty triggered our weekly short trade and completed all targets till 17590 and exceeded it with a low of 17493.55

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17690 - 17750 to move towards its initial long targets of 17890 - 17930. 

Closing above 17930 Nifty may move towards next long targets of 18060 - 18200

On the downside:

Nifty has to sustain and close below its immediate support at 17520 - 17460 to move towards initial short targets of 17320 - 17280. 

Closing below 17280 Nifty may move towards next targets of 17150 - 17010.

Today Nifty made a high of 17709.15 testing our weekly resistance zone of 17690 - 17750 and reversed to make a low of 17405.55 breaking below our weekly support zone of 17520 - 17460 and bounced back to close at 17648.95 within the support zone.

Now in the coming session Nifty breaking and sustaining below 17460 can move towards 17320 - 17280. On the upside Nifty has immediate resistance at 17750 and has to break and sustain above it to move towards 17890 - 17930 

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.