Bank Nifty Outlook for 01st Mar

 In the previous session:  

Bank Nifty went up by 84 points then went down 234 points before closing lower by 38 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 28th Feb:

Bank Nifty triggered our short trade and did 100 points

For 01st Mar

Sustaining above 40385 enter for 40455 - 40540 - 40760, SL 40305

Sustaining below 40155 enter for 40085 - 40000 - 39780, SL 40235

In the Previous Week: 

Bank Nifty triggered our short trade with a close below 40895 and completed all our weekly short targets till 40380 - 40145 and exceeded it with a low of 39600.25  

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 40100 - 40215 for a move towards initial long targets of 40530 - 40615. 

Sustaining or closing above 40615 Bank Nifty may move towards next long targets of 40885 - 41190

On the downside:

Bank Nifty has to sustain and close below its immediate support at 39720 - 39605 for a move towards initial short targets of 39290 - 39205

Sustaining or closing below 39205 Bank Nifty may move towards next short targets of 38930 - 38630

So far this week Bank Nifty made a low of 39745.40 just above our weekly support zone of 39720 - 39605 and bounced back sharply to make a high of 40391.45  breaking above our weekly resistance zone of 40100 - 40215 and closed above it at 40269.05

Now in the coming session Bank Nifty has to sustain above 40215 to move towards 40530 - 40615. On the downside Bank Nifty has immediate support at 40100 and breaking and sustaining below it Bank Nifty can move towards it support zone at 39720 - 39605.

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 Mar

 In the previous session:

Nifty went down by 47 points then went down by 137 points before closing lower by 88 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 28th Feb:

Nifty triggered our short trade and almost completed all targets doing 100 points.

For 01st Mar:

Sustaining above 17335 enter for 17350 - 17370 - 17425, SL 17310

Sustaining below 17275 enter for 17260 - 17235 - 17180, SL 17295

In the Previous Week: 

Nifty triggered our short trade on closing below 17850 and completed all our weekly short targets till 17650 - 17560 and exceeded it with a low of 17421.80 

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17535 - 17580 to move towards its initial long targets of 17700 - 17730. 

Closing above 17730 Nifty may move towards next long targets of 17830 - 17950

On the downside:

Nifty has to sustain and close below its immediate support at 17395 - 17350 to move towards initial short targets of 17230 - 17200. 

Closing below 17200 Nifty may move towards next targets of 17100 - 16980.

So far this week Nifty made a low of 17255.20 breaking below our weekly support zone at 17395 - 17350 and today closed at 17303.95.

Now in the coming session Nifty sustaining below 17350 can move towards its initial weekly short targets of 17230 - 17200. On the upside Nifty has immediate resistance at 17450 which it needs to break and sustain above to move towards our weekly resistance zone of 17535 - 17580.

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 28th Feb

 In the previous session:  

Bank Nifty went down by 164 points then went up 462 points before closing higher by 398 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 27th Feb:

Bank Nifty triggered our long trade and completed almost all targets doing 340 points.

For 28th Feb

Sustaining above 40425 enter for 40500 - 40585 - 40810, SL 39345

Sustaining below 40190 enter for 40115 - 40030 - 39805, SL 40270

In the Previous Week: 

Bank Nifty triggered our short trade with a close below 40895 and completed all our weekly short targets till 40380 - 40145 and exceeded it with a low of 39600.25  

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its immediate resistance at 40100 - 40215 for a move towards initial long targets of 40530 - 40615. 

Sustaining or closing above 40615 Bank Nifty may move towards next long targets of 40885 - 41190

On the downside:

Bank Nifty has to sustain and close below its immediate support at 39720 - 39605 for a move towards initial short targets of 39290 - 39205

Sustaining or closing below 39205 Bank Nifty may move towards next short targets of 38930 - 38630

So far this week Bank Nifty made a low of 39745.40 just above our weekly support zone of 39720 - 39605 and bounced back sharply to make a high of 40371.45  breaking above our weekly resistance zone of 40100 - 40215 and closed above it at 40307.10

Now in the coming session Bank Nifty has to sustain above 40215 to move towards 40530 - 40615. On the downside Bank Nifty has immediate support at 40100 and breaking and sustaining below it Bank Nifty can move towards it support zone at 39720 - 39605.

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 28th Feb

 In the previous session:

Nifty went down by 166 points before closing lower by 73 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 27th Feb:

Nifty triggered our short trade and almost completed all targets doing 120 points.

For 28th Feb:

Sustaining above 17430 enter for 17450 - 17475 - 17540, SL 17400

Sustaining below 17355 enter for 17335 - 17310 - 17250, SL 17380

In the Previous Week: 

Nifty triggered our short trade on closing below 17850 and completed all our weekly short targets till 17650 - 17560 and exceeded it with a low of 17421.80 

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17535 - 17580 to move towards its initial long targets of 17700 - 17730. 

Closing above 17730 Nifty may move towards next long targets of 17830 - 17950

On the downside:

Nifty has to sustain and close below its immediate support at 17395 - 17350 to move towards initial short targets of 17230 - 17200. 

Closing below 17200 Nifty may move towards next targets of 17100 - 16980.

So far this week Nifty made a low of 17299 breaking below our weekly support zone at 17395 - 17350 but managed to close at 17392.70 within the support zone. 

Now in the coming session Nifty has immediate support at 17350 - 17395 which it needs to hold for a bounce. On the upside Nifty has to break and sustain above 17475 to move towards our weekly resistance zone of 17535 - 17580.

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.