Bank Nifty triggered our short trade in the second half and took our SL
For 21st Aug:
Sustaining above 43905 enter for 43935 - 43975 - 44075, SL 43865
Sustaining below 43800 enter for 43765 - 43725 - 43630, SL 43835
In the Previous Week:
Bank Nifty triggered our weekly short trade below 43910 and tested our initial targets of 43610 -43530 with a low of 43600.35
Now for this week:
On the upside:
Bank Nifty has to sustain and close above its weekly resistance at 43940 - 43990 to move towards its initial weekly long targets of 44140 - 44180.
Closing above 44180 Bank Nifty may move towards its last weekly long targets of 44300 - 44440
On the downside:
Bank Nifty has to sustain and close below its weekly support at 43760 - 43710 to move towards initial weekly short targets of 43570 - 43520
Closing below 43520 Bank Nifty may move towards its last weekly short targets of 43400 - 43260
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.
No comments:
Post a Comment