Bank Nifty Outlook for 02nd May

 In the previous session:  

Bank Nifty went down by 190 points then went up by 301 points before closing higher by 233 points on Friday

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 Apr:

Bank Nifty initially triggered our short trade and completed 2 targets doing 100 points and took our TSL. Post that Bank Nifty reversed to trigger our long trade and completed all targets doing 225 points

For 02nd May:

Sustaining above 43310 enter for 43350 - 43410 - 43540, SL 43255

Sustaining above 43160 enter for 43115 - 43060 - 42930, SL 43210

In the Previous Week: 

Bank Nifty triggered our long trade on closing above 42390 and completed all targets till 42990 - 43260 with a high of 43302 doing 900 points 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 43360 - 43430 for a move towards initial weekly long targets of 43630 - 43690. 

Sustaining or closing above 43690 Bank Nifty may move towards next long targets of 43860 - 44050

On the downside:

Bank Nifty has to sustain and close below its weekly support at 43110 - 43040 for a move towards initial weekly short targets of 42840 - 42780

Sustaining or closing below 42780 Bank Nifty may move towards next short targets of 42610 - 42410

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 02nd May

In the previous session:

Nifty went down by 29 points then went up by 174 points before closing higher by 150 points on Friday 

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 Apr:

Nifty triggered our long trade and completed all targets and more doing 100+ points.

For 02nd May:

Sustaining above 18090 enter for 18105 - 18125 - 18175, SL 18070

Sustaining below 18040 enter for 18025 - 18000 - 17960, SL 18060

In the Previous Week: 

Nifty confirmed our long trade on closing above 17690 and completed all our weekly targets till 17830 - 17900 and more by making a high of 18089.15 doing 300+

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 18110 - 18140 to move towards its initial weekly long targets of 18205 - 18225. 

Closing above 18225 Nifty may move towards its last weekly long targets of 18285 - 18350

On the downside:

Nifty has to sustain and close below its weekly support at 18020 - 17990 to move towards initial weekly short targets of 17925 - 17900

Closing below 17900 Nifty may move towards next targets of 17850 - 17780.

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 Apr

  In the previous session:  

Bank Nifty went down by 93 points then went up by 213 points before closing higher by 170 points on Thursday

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 Apr:

Bank Nifty initially triggered our long trade and completed 2 targets doing 120 points.

For 28th Apr:

Sustaining above 43075 enter for 43115 - 43170 - 43300, SL 43020

Sustaining above 42930 enter for 42885 - 42830 - 42700, SL 42980

In the Previous Week: 

Bank Nifty traded sideways between our long and short trigger point and did not confirm either side with a close 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 42290 - 42390 for a move towards initial weekly long targets of 42675 - 42750. 

Sustaining or closing above 42750 Bank Nifty may move towards next long targets of 42990 - 43260

On the downside:

Bank Nifty has to sustain and close below its weekly support at 41950 - 41840 for a move towards initial weekly short targets of 41560 - 41480

Sustaining or closing below 41480 Bank Nifty may move towards next short targets of 41240 - 40970

So far this week Bank Nifty made a high of 43043.40 and almost completed our last weekly long targets of 42990 - 43260 on sustaining above 42290 - 42390 and closed at 43000.85

Now in the coming session Bank Nifty has immediate resistance at 42290 - 43390 and has to break and sustain above it for a further move and failing to do so we can see a dip from near 43250 - 43400. On the downside Bank Nifty has immediate support at 42750 - 42675 and has to break and sustain below it to move towards 42390 - 42290.

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 Apr

 In the previous session:

Nifty went down by 15 points then went up by 118 points before closing higher by 101 points on Thursday 

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 Apr:

Nifty triggered our long trade and completed all targets and more doing 90 points.

For 28th Apr:

Sustaining above 17945 enter for 17960 - 17980 - 18030, SL 17920

Sustaining below 17885 enter for 17870 - 17850 - 17800, SL 17910

In the Previous Week: 

Nifty confirmed our short trade on closing below 17740 and nearly reached our weekly last short targets till 17560 - 17480 with a low of 17574.05 doing 150+ points.

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 17670 - 17690 to move towards its initial weekly long targets of 17760 - 17780. 

Closing above 17780 Nifty may move towards its last weekly long targets of 17830 - 17900

On the downside:

Nifty has to sustain and close below its weekly support at 17580 - 17560 to move towards initial weekly short targets of 17490 - 17470

Closing below 17470 Nifty may move towards next targets of 17410 - 17350.

So far this week Nifty made a high of 17931.60 completing all our weekly long targets till 17830 - 17900 and exceeding it on breaking and sustaining above our weekly resistance zone of 17670 - 17690 and closed today at 17915.05 

Now in the coming session Nifty sustaining above 17945 can move further towards 17980 -18000. On the downside Nifty has immediate support at 17850 - 17830 now

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.