Bank Nifty Outlook for 17th Jul

 In the previous session:  

Bank Nifty went down by 117 points then went up by 258 points before closing higher by 154 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 14th Jul:

Bank Nifty triggered our long trade and completed 2 targets and more doing 170 points 

For 17th Jul:

Sustaining above 44890 enter for 44930 - 44980 - 45110, SL 44840

Sustaining below 44750 enter for 44710 - 44660 - 44530, SL 44800

In the Previous Week: 

Bank Nifty traded mostly between our long and short trigger zones and did not give a confirmation for a trade on either side with a close 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 44930 - 45000 for a move towards its initial weekly long targets of 45190 - 45240. 

Sustaining or closing above 45240 Bank Nifty may move towards its last weekly long targets of 45400 - 45580

On the downside:

Bank Nifty has to sustain and close below its weekly support at 44710 - 44640 for a move towards its initial weekly short targets of 44450 - 44400

Sustaining or closing below 44400 Bank Nifty may move towards its last weekly short targets of 44240 - 44060

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 19595.35 on 14th 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