Bank Nifty Outlook for 03rd Jul

 In the previous session:  

Bank Nifty went up by 459 points before closing higher by 419 points on Friday.

Bank Nifty made a new lifetime high of 44508.40 on 28th Jun 2023 from the lows of 16116.25 made on 25th March 2020

On 30th Jun:

Bank Nifty triggered our long trade with a gap up above our 2nd target and then gave a dip till near our entry point and went on to complete all targets and more doing 300 points

For 03rd Jul:

Sustaining above 44840 enter for 44900 - 44965 - 45140, SL 44775

Sustaining below 44655 enter for 44595 - 44530 - 44350, SL 44720

In the Previous Week: 

Bank Nifty triggered our weekly long trade with a close above 43910 and almost completed all targets till 44810 with a high of 44787.10 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 44900 - 45000 for a move towards its initial weekly long targets of 45260 - 45330. 

Sustaining or closing above 45330 Bank Nifty may move towards its last weekly long targets of 45550 - 45790

On the downside:

Bank Nifty has to sustain and close below its weekly support at 44590 - 44500 for a move towards its initial weekly short targets of 44240 - 44170

Sustaining or closing below 44170 Bank Nifty may move towards its last weekly short targets of 43950 - 43700

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 new life time high of 44787.10 on 30th Jun 2023 from the lows of 16116.25 made on 24th March 2020 while Nifty has made a new lifetime high of 19201.70 on 30th Jun 2023 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