Bank Nifty Outlook for 10th Apr

 In the previous session:  

Bank Nifty went down by 178 points then went up by 275 points before closing higher by 41 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 06th Apr:

Bank Nifty triggered our long trade and completed 2 targets doing 150 points.

For 10th Apr:

Sustaining above 41155 enter for 41225 - 41310 - 41530, SL 41075

Sustaining above 40925 enter for 40855 - 40770 - 40560, SL 41005

In the Previous Week: 

Bank Nifty triggered our long trade on closing above 40960 and made a high of 41274.70 doing almost 300 points but missed our initial long targets of 41300 - 41430  

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 41230 - 41350 for a move towards initial weekly long targets of 41670 - 41750. 

Sustaining or closing above 41750 Bank Nifty may move towards next long targets of 42020 - 42330

On the downside:

Bank Nifty has to sustain and close below its weekly support at 40850 - 40730 for a move towards initial weekly short targets of 40410 - 40330

Sustaining or closing below 40330 Bank Nifty may move towards next short targets of 40060 - 39760

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