Bank Nifty Outlook for 31st Mar

 In the previous session:  

Bank Nifty went up by 487 points before closing higher by 342 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 29th Mar:

Bank Nifty triggered our long trade and completed all targets doing 350 points

For 31st Mar:

Sustaining above 40030 enter for 40100 - 40180 - 40400, SL 39940

Sustaining below 39790 enter for 39720 - 39640 - 39410, SL 39880

In the Previous Week: 

Bank Nifty traded between our weekly support and resistance zone and did not confirm a trade on closing on either side.

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 39600 - 39720 for a move towards initial weekly long targets of 40060 - 40150. 

Sustaining or closing above 40150 Bank Nifty may move towards next long targets of 40430 - 40760

On the downside:

Bank Nifty has to sustain and close below its weekly support at 39190 - 39070 for a move towards initial weekly short targets of 38730 - 38640

Sustaining or closing below 38640 Bank Nifty may move towards next short targets of 38350 - 38030

So far this week Bank Nifty made a low of 39273.75 and made a high of 40055 testing our weekly initial target zone and closed at 39910.15

Now in the coming session Bank Nifty has immediate resistance at 40060 - 40150 and has to break and sustain above it for a move towards its weekly last long targets of 40430 - 40760. On the downside Bank Nifty has immediate support at 39720 - 39600 and has to break and sustain below it for a move towards 39400 - 39300 

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 31st Mar

  In the previous session:

Nifty went down by 11 points then went up by 174 points before closing higher by 129 points

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 Mar:

Nifty triggered our long trade and completed all targets and more doing 140 points

For 31st Mar:

Sustaining above 17120 enter for 17140 - 17170 - 17230, SL 17090

Sustaining below 17040 enter for 17020 - 16995 - 16930, SL 17070

In the Previous Week: 

Nifty confirmed our short trade and made a low of 16828.35 completing our initial weekly short target of 16840 - 16800 and then bounced back to trigger our trailing stoploss on weekly levels .

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 17000 - 17040 to move towards its initial weekly long targets of 17140 - 17165. 

Closing above 17165 Nifty may move towards next long targets of 17240 - 17340

On the downside:

Nifty has to sustain and close below its weekly support at 16890 - 16850 to move towards initial weekly short targets of 16760 - 16730

Closing below 16730 Nifty may move towards next targets of 16650 - 16550.

So far this week Nifty made a low of 16913.75 and made a high of 17126.15 almost reaching our weekly initial long target zone and closed at 17080.70.

Now in the coming session Nifty has immediate resistance at 17140 - 17165 and has to break and sustain above it for a further move towards our last weekly long targets of 17240 - 17340.On the downside Nifty has immediate support at 17040 - 17000 and has to break and sustain below it for a further move towards 16950 - 16930. 

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 Mar

  In the previous session:  

Bank Nifty went down by 105 points then went up by 213 points before closing higher by 136 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 Mar:

Bank Nifty triggered our long trade and completed just 1 target doing 90 points

For 29th Mar

Sustaining above 39680 enter for 39750 - 39830 - 40030, SL 39600

Sustaining below 39450 enter for 39390 - 39310 - 39100, SL 39530

In the Previous Week: 

Bank Nifty traded between our weekly support and resistance zone and did not confirm a trade on closing on either side.

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 39600 - 39720 for a move towards initial weekly long targets of 40060 - 40150. 

Sustaining or closing above 40150 Bank Nifty may move towards next long targets of 40430 - 40760

On the downside:

Bank Nifty has to sustain and close below its weekly support at 39190 - 39070 for a move towards initial weekly short targets of 38730 - 38640

Sustaining or closing below 38640 Bank Nifty may move towards next short targets of 38350 - 38030

So far this week Bank Nifty made a low of 39273.75 and made a high of 39695.20 testing our weekly resistance zone but failed to sustain and closed at 39567.90

Now in the coming session Bank Nifty has immediate support at 39190 - 39070 and has to break and sustain below it for a move towards its weekly initial weekly short targets of 38730 - 38640. On the upside Bank Nifty has immediate resistance at 39600 - 39720 and has to break and sustain above it for a move towards its initial weekly long targets of 40060 - 40150.

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 Mar

 In the previous session:

Nifty went up by 76 points then went down by 72 points before closing lower by 34 points

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 Mar:

Nifty triggered our long trade and almost completed 2 targets doing 40 points and took our trailing stoploss. Post that Nifty reversed to trigger our short trade and again almost completed 2 targets doing 35 points. 

For 29th Mar:

Sustaining above 16985 enter for 17005 - 17030 - 17090, SL 16960

Sustaining below 16915 enter for 16900 - 16875 - 16820, SL 16940

In the Previous Week: 

Nifty confirmed our short trade and made a low of 16828.35 completing our initial weekly short target of 16840 - 16800 and then bounced back to trigger our trailing stoploss on weekly levels .

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 17000 - 17040 to move towards its initial weekly long targets of 17140 - 17165. 

Closing above 17165 Nifty may move towards next long targets of 17240 - 17340

On the downside:

Nifty has to sustain and close below its weekly support at 16890 - 16850 to move towards initial weekly short targets of 16760 - 16730

Closing below 16730 Nifty may move towards next targets of 16650 - 16550.

So far this week Nifty made a low of 16913.75 and made a high of 17091 breaking above our weekly resistance zone but could not sustain and closed at 16951.70.

Now in the coming session Nifty has immediate support at 16890 - 16850 and has to break and sustain below it for a further down move towards our initial weekly short targets. On the upside Nifty has immediate resistance at 17000 - 17040 and has to break and sustain above it for a further move towards our initial weekly long targets of 17140 - 17165

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.