Bank Nifty Outlook for 01st Jun

 In the previous session:  

Bank Nifty went down by 613 points before closing lower by 308 points on Wednesday

Bank Nifty made a new lifetime high of 44498.60 on 30th May 2023 from the lows of 16116.25 made on 25th March 2020

On 31st May:

Bank Nifty triggered our short trade and completed all targets and more doing 500 points 

For 01st Jun:

Sustaining above 44210 enter for 44260 - 44320 - 44480, SL 44155

Sustaining below 44040 enter for 43990 - 43930 - 43780, SL 44105

In the Previous Week: 

Bank Nifty triggered our short trade on closing below 43780 and reached our last weekly short target zone of 43380 - 43200 with a low of 43390 and then bounced towards our weekly resistance zone

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 44140 - 44210 for a move towards its initial weekly long targets of 44410 - 44470. 

Sustaining or closing above 44470 Bank Nifty may move towards next long targets of 44640 - 44830

On the downside:

Bank Nifty has to sustain and close below its weekly support at 43900 - 43820 for a move towards its initial weekly short targets of 43630 - 43570

Sustaining or closing below 43570 Bank Nifty may move towards its next short targets of 43400 - 43210

So far this week Bank Nifty has made a high of 44498.60 completing our initial weekly long targets of 44410 - 44470 on sustaining above 44210 and reversed today to make a low of 43822.70 testing our weekly support zone of 43900 - 43820 and closed at 44128.15

Now in the coming session Bank Nifty has to break and sustain above 44210 to move back towards 44410 - 44470. On the downside Bank Nifty breaking and sustaining below 44140 can retest 43900 - 43820 zone where it has immediate support

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 44498.60 on 30th May 2023 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 Jun

 In the previous session:

Nifty went down by 150 points before closing lower by 99 points on Wednesday 

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 May:

Nifty triggered our short trade and completed all targets and more doing 90+ points

For 01st Jun:

Sustaining above 18565 enter for 18585 - 18610 - 18665, SL 18545

Sustaining below 18500 enter for 18485 - 18460 - 18410, SL 18525

In the Previous Week: 

Nifty confirmed our long trade on closing above 18275 and completed all weekly long targets till 18425 - 18490 with a high of 18508.55

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 18560 - 18600 to move towards its initial weekly long targets of 18700 - 18725. 

Closing above 18725 Nifty may move towards its last weekly long targets of 18810 - 18910

On the downside:

Nifty has to sustain and close below its weekly support at 18440 - 18400 to move towards initial weekly short targets of 18300 - 18275

Closing below 18275 Nifty may move towards next targets of 18190 - 18090

So far this week Nifty has made a high of 18662.45 breaking above our weekly resistance zone of 18560 - 18600 and reversed today to make a low of 18483.85 and closed at 18534.40 .

Now in the coming session Nifty has immediate resistance at 18560 - 18600 and has to sustain above it for a move towards 18700 - 18725 and complete its initial weekly long targets. On the downside Nifty sustaining below 18560 can move towards 18450 - 18400 where it has immediate support.

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 May

 In the previous session:  

Bank Nifty went down by 104 points then went up by 187 points before closing higher by 124 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 30th May:

Bank Nifty triggered our long trade and completed 2 targets doing 100 points 

For 31st May:

Sustaining above 44510 enter for 44550 - 44600 - 44730, SL 44455

Sustaining below 44360 enter for 44325 - 44270 - 44140, SL 44420

In the Previous Week: 

Bank Nifty triggered our short trade on closing below 43780 and reached our last weekly short target zone of 43380 - 43200 with a low of 43390 and then bounced towards our weekly resistance zone

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 44140 - 44210 for a move towards its initial weekly long targets of 44410 - 44470. 

Sustaining or closing above 44470 Bank Nifty may move towards next long targets of 44640 - 44830

On the downside:

Bank Nifty has to sustain and close below its weekly support at 43900 - 43820 for a move towards its initial weekly short targets of 43630 - 43570

Sustaining or closing below 43570 Bank Nifty may move towards its next short targets of 43400 - 43210

So far this week Bank Nifty has made a high of 44498.60 completing our initial weekly long targets of 44410 - 44470 on sustaining above 44210 and closed at 44436.35

Now in the coming session Bank Nifty has to break and sustain above 44470 to move up further towards its next weekly long targets of 44640 - 44830. On the downside Bank Nifty has immediate support at 44360 and breaking and sustaining below it can move towards 44210 - 44140

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 May

  In the previous session:

Nifty went down by 23 points then went up by 64 points before closing higher by 35 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 30th May:

Nifty triggered our long trade but completed only 1 target doing 25 points

For 31st May:

Sustaining above 18660 enter for 18680 - 18700 - 18750, SL 18640

Sustaining below 18605 enter for 18590 - 18565 - 18515, SL 18625

In the Previous Week: 

Nifty confirmed our long trade on closing above 18275 and completed all weekly long targets till 18425 - 18490 with a high of 18508.55

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 18560 - 18600 to move towards its initial weekly long targets of 18700 - 18725. 

Closing above 18725 Nifty may move towards its last weekly long targets of 18810 - 18910

On the downside:

Nifty has to sustain and close below its weekly support at 18440 - 18400 to move towards initial weekly short targets of 18300 - 18275

Closing below 18275 Nifty may move towards next targets of 18190 - 18090

So far this week Nifty has made a high of 18662.45 breaking above our weekly resistance zone of 18560 - 18600 and closed at 18633.85 above it.

Now in the coming session Nifty sustaining above 18600 can move towards 18700 - 18725 and complete its initial weekly long targets. On the downside Nifty has immediate support at 18560 and has to break and sustain below it to move towards 18500 - 18450

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.