Bank Nifty Outlook for 14th Jun

 In the previous session:  

Bank Nifty went down by 55 points then went up by 194 points before closing higher by 135 points on Tuesday.

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 13th Jun:

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

For 14th Jun:

Sustaining above 44150 enter for 44190 - 44240 - 44360, SL 44100

Sustaining below 44010 enter for 43970 - 43920 - 43800, SL 44060

In the Previous Week: 

Bank Nifty triggered our long trade above 44180 and reached our initial weekly long targets till 44440 - 44510 with a high of  44459.25 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 44110 - 44190 for a move towards its initial weekly long targets of 44400 - 44460. 

Sustaining or closing above 44460 Bank Nifty may move towards next long targets of 44640 - 44840

On the downside:

Bank Nifty has to sustain and close below its weekly support at 43860 - 43790 for a move towards its initial weekly short targets of 43580 - 43520

Sustaining or closing below 43520 Bank Nifty may move towards its next short targets of 43340 - 43140

So far this week Bank Nifty has made a high of 44138.15 testing its weekly resistance zone of 44110 - 44190 and closed at 44079.85

Now in the coming sessions Bank Nifty has to break and sustain / close above 44110 - 44190 zone for a move towards its initial weekly long targets of 44400 - 44460. On the downside Bank Nifty has immediate support at 43860 - 43790 and has to sustain / close below it for correction towards 43580 - 43520.

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