Bank Nifty Outlook for 10th Jul

  In the previous session:  

Bank Nifty went down by 495 points before closing lower by 415 points on Friday.

Bank Nifty made a new lifetime high of 45655.50 on 04th Jul 2023 from the lows of 16116.25 made on 25th March 2020

On 07th Jul:

Bank Nifty triggered our short trade and completed all targets and more doing 400 points

For 10th Jul:

Sustaining above 45030 enter for 45095 - 45170 - 45370, SL 44960

Sustaining below 44820 enter for 44755 - 44680 - 44480, SL 44890

In the Previous Week: 

Bank Nifty triggered our weekly long trade with a close above 45000 and made a high if 45655.50 almost completing all weekly long targets till 45550 - 45790 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 45100 - 45205 for a move towards its initial weekly long targets of 45500 - 45575. 

Sustaining or closing above 45575 Bank Nifty may move towards its last weekly long targets of 45830 - 46110

On the downside:

Bank Nifty has to sustain and close below its weekly support at 44750 - 44645 for a move towards its initial weekly short targets of 44350 - 44275

Sustaining or closing below 44275 Bank Nifty may move towards its last weekly short targets of 44020 - 43740

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 45655.50 on 04th Jul 2023 from the lows of 16116.25 made on 24th March 2020 while Nifty has made a new lifetime high of 19523.60 on 07th Jul 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