Bank Nifty Outlook for 28th Jun

 In the previous session:  

Bank Nifty went up by 553 points before closing higher by 480 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 27th Jun:

Bank Nifty triggered our long trade and completed all targets doing 325 points

For 28th Jun:

Sustaining above 44245 enter for 44320 - 44410 - 44640, SL 44160

Sustaining below 44000 enter for 43925 - 43830 - 43600, SL 44085

In the Previous Week: 

Bank Nifty triggered our short trade below 43660 and then went sideways between our weekly support and resistance zone

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 43800 - 43910 for a move towards its initial weekly long targets of 44200 - 44280. 

Sustaining or closing above 44280 Bank Nifty may move towards its last weekly long targets of 44530 - 44810

On the downside:

Bank Nifty has to sustain and close below its weekly support at 43450 - 43340 for a move towards its initial weekly short targets of 43040 - 42960

Sustaining or closing below 42960 Bank Nifty may move towards its last weekly short targets of 42710 - 42430

So far this week Bank Nifty made a high of 44194.65 breaking above our weekly resistance zone of 43800 - 43910 and came close to our initial weekly long targets and closed at 44121.50

Now in the coming session Bank Nifty sustaining above 43910 can move towards our initial weekly long targets of 44200 - 44280 and has to break and sustain above 44280 for a move towards our last weekly long target zone of 44530 - 44810. On the downside Bank Nifty has immediate support now at 43800 and has to break and sustain below it for a move towards 43700 - 43550 

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