Bank Nifty Outlook for 01st Sep

 In the previous session:

Bank Nifty went up by 167 points then went down by 337 points before closing lower by 243 points on Thursday 

Nifty made a new lifetime high of 19991.85 on 20th Jul 2023 from the lows of 7511.10 made on 24th March 2020

On 31st Aug:

Bank Nifty triggered our long trade and completed just 1 target and took our stoploss. Post that Bank Nifty reversed to trigger our short trade and almost completed all short targets doing 250 points

For 01st Sep:

Sustaining above 44080 enter for 44140 - 44205 - 44375, SL 44015

Sustaining below 43895 enter for 43840 - 43775 - 43600, SL 43960

In the Previous Week: 

Bank Nifty triggered our weekly long trade above 43990 and competed all our weekly long targets till 44300 - 44440 and exceeded it with a high of 44949.90 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 44360 - 44440 to move towards its initial weekly long targets of 44650 - 44710. 

Closing above 44710 Bank Nifty may move towards its last weekly long targets of 44890 - 45090

On the downside:

Bank Nifty has to sustain and close below its weekly support at 44100 - 44020 to move towards initial weekly short targets of 43810 - 43750

Closing below 43750 Bank Nifty may move towards its last weekly short targets of 43570 - 43370

So far this week Bank Nifty has made a high of 44779.65 breaking above our weekly resistance zone of 44360 - 44440 and completed our initial weekly long targets will 44650 - 44710 and had taken our weekly long stoploss yesterday. Today Bank Nifty made a low of 43895.05 breaking below our weekly support zone at 44100 - 44020 and closed at 43989.15 

Now in the coming session Bank Nifty sustaining below 44020 can move towards 43810 - 43750. On the upside Bank Nifty breaking and sustaining above 44100 has immediate resistance at 44200 - 44360 

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

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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

Nifty Outlook for 01st Sep

 In the previous session:

Nifty went up by 40 points then went down by 123 points before closing lower by 93 points on Thursday 

Nifty made a new lifetime high of 19991.85 on 20th Jul 2023 from the lows of 7511.10 made on 24th March 2020

On 31st Aug:

Nifty triggered our long trade and completed just 1 target and took our stoploss. Post that Nifty reversed to trigger our short trade and completed all targets doing 75 points

For 01st Sep:

Sustaining above 19280 enter for 19295 - 19310 - 19360, SL 19260

Sustaining below 19230 enter for 19215 - 19195 - 19150, SL 19245

In the Previous Week: 

Nifty triggered our weekly long trade above 19380 and almost completed our last weekly long targets till 19530 - 19600 with a high of 19584.45 doing 200 points

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 19305 - 19335 to move towards its initial weekly long targets of 19400 - 19420. 

Closing above 19420 Nifty may move towards its last weekly long targets of 19480 - 19540

On the downside:

Nifty has to sustain and close below its weekly support at 19225 - 19200 to move towards its initial weekly short targets of 19130 - 19115

Closing below 19115 Nifty may move towards its last weekly short targets of 19060 - 19000

So far this week Nifty has made a high of 19452.80 breaking above our weekly resistance zone of 19305 - 19335 and completed our initial weekly long targets till 19400 - 19420 and today took our weekly long stoploss and reversed to test our weekly support zone at 19225 - 19200 with a low of 19223.65 and closed at 19253.80 

Now in the coming session Nifty has to break and sustain below 19200 for a move towards 19130 - 19115. On the upside Nifty has immediate resistance at 19305 - 19335 which it needs to break and sustain above.

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.

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

Bank Nifty Outlook for 31st Aug

 In the previous session:

Bank Nifty went up by 284 points then went down by 345 points before closing lower by 262 points on Wednesday 

Nifty made a new lifetime high of 19991.85 on 20th Jul 2023 from the lows of 7511.10 made on 24th March 2020

On 30th Aug:

Bank Nifty triggered our long trade with a gap up near our last target and did not give a trade. Post that Bank Nifty reversed to trigger our short trade and completed all targets doing 250 points.

For 31st Aug:

Sustaining above 44320 enter for 44370 - 44435 - 44590, SL 44260

Sustaining below 44145 enter for 44095 - 44030 - 43870, SL 44205

In the Previous Week: 

Bank Nifty triggered our weekly long trade above 43990 and competed all our weekly long targets till 44300 - 44440 and exceeded it with a high of 44949.90 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 44360 - 44440 to move towards its initial weekly long targets of 44650 - 44710. 

Closing above 44710 Bank Nifty may move towards its last weekly long targets of 44890 - 45090

On the downside:

Bank Nifty has to sustain and close below its weekly support at 44100 - 44020 to move towards initial weekly short targets of 43810 - 43750

Closing below 43750 Bank Nifty may move towards its last weekly short targets of 43570 - 43370

So far this week Bank Nifty has made a high of 44779.65 breaking above our weekly resistance zone of 44360 - 44440 and completed our initial weekly long targets will 44650 - 44710 and closed at 44232.60 triggering the stoploss for the weekly long trade too.

Now in the coming session Bank Nifty has immediate resistance at 44360 - 44440 and has to again break and sustain above it for a move towards is initial weekly long targets of 44650 - 44710. On the downside Bank Nifty has immediate support at 44100 - 44020 and has to break and sustain below it for a move towards 43810 - 43750.

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.

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