Bank Nifty Outlook for 29th Sep

 In the previous session:

Bank Nifty went up by 168 points then went down by 340 points before closing lower by 287 points on Thursday

Bank Nifty made a new lifetime high of 46369.50 on 21st Jul 2023 from the lows of 16116.25 made on 24th March 2020

On 28th Sep:

Bank Nifty triggered our short trade and completed 2 targets doing 160 points and exceeded it by another 60 points.

For 29th Sep:

Sustaining above 44420 can move towards 44490 - 44570 - 44790, SL 44335

Sustaining below 44185 can move towards 44115 - 44030 - 43820, SL 44265

In the Previous Week: 

Bank Nifty triggered our weekly short trade below 46010 and completed all our weekly short targets till 45520 - 45300 doing 700 points and exceeded it further by 750 points making a low of 44548.90 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 44850 - 45000 to move towards its initial weekly long targets of 45400 - 45510. 

Closing above 45510 Bank Nifty may move towards its last weekly long targets of 45860 - 46240

On the downside:

Bank Nifty has to sustain and close below its weekly support at 44370 - 44220 to move towards initial weekly short targets of 43820 - 43710

Closing below 43710 Bank Nifty may move towards its last weekly short targets of 43370 - 43000

So far this week Bank Nifty made a low of 44182.50 breaking our weekly support zone of 44370 - 44220 and closed today at 44300.95.

Now in the coming session Bank Nifty has immediate support at 44220 - 44180 and breaking and sustaining below it we can see a move towards 43820 - 43710. On the upside Bank Nifty above 44420 has immediate resistance at 44600 - 44700 zone.

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

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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 decision

Nifty Outlook for 29th Sep

 In the previous session:

Nifty went up by 50 points then went down by 224 points before closing lower by 193 points on Thursday 

Nifty made a new lifetime high of 20222.45 on 15th Sep 2023 from the lows of 7511.10 made on 24th March 2020

On 28th Sep:

Nifty triggered our short trade and completed all targets doing 115 points and exceeded it by another 70 points

For 29th Sep:

Sustaining above 19565 can move towards 19585 - 19615 - 19690, SL 19535

Sustaining below 19485 can move towards 19460 - 19430 - 19360, SL 19510

In the Previous Week: 

Nifty triggered our weekly short trade below 20140 and completed all our weekly short targets till 20025 - 19975 doing 165 points and exceeded it by 300+ points with a low of 19657.50

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 19750 - 19795 to move towards its initial weekly long targets of 19920 - 19955. 

Closing above 19955 Nifty may move towards its last weekly long targets of 20060 - 20180

On the downside:

Nifty has to sustain and close below its weekly support at 19600 - 19550 to move towards its initial weekly short targets of 19430 - 19390

Closing below 19390 Nifty may move towards its last weekly short targets of 19285 - 19170

So far this week Nifty has made a low of 19492.10 breaking our weekly support zone of 19600 - 19550 and closed at 19523.55 confirming our weekly short. Tomorrow is the last day of the week and trailing cbsl for the weekly short is 19640 

Now in the coming session Nifty sustaining below 19550 can move towards 19430 - 19390. On the upside Nifty has immediate resistance at 19630 and breaking and sustaining above it can move towards 19700 - 19750.

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 28th Sep

 In the previous session:

Bank Nifty went down by 442 points then went up by 44 points before closing lower by 36 points on Wednesday

Bank Nifty made a new lifetime high of 46369.50 on 21st Jul 2023 from the lows of 16116.25 made on 24th March 2020

On 27th Sep:

Bank Nifty triggered our short trade and completed 2 targets doing 180 points and exceeded it by another 130 points and then took our TSL.

For 28th Sep:

Sustaining above 44710 can move towards 44780 - 44865 - 45090, SL 44625

Sustaining below 44470 can move towards 44395 - 44310 - 44090, SL 44550

In the Previous Week: 

Bank Nifty triggered our weekly short trade below 46010 and completed all our weekly short targets till 45520 - 45300 doing 700 points and exceeded it further by 750 points making a low of 44548.90 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 44850 - 45000 to move towards its initial weekly long targets of 45400 - 45510. 

Closing above 45510 Bank Nifty may move towards its last weekly long targets of 45860 - 46240

On the downside:

Bank Nifty has to sustain and close below its weekly support at 44370 - 44220 to move towards initial weekly short targets of 43820 - 43710

Closing below 43710 Bank Nifty may move towards its last weekly short targets of 43370 - 43000

So far this week Bank Nifty made a low of 44182.50 breaking our weekly support zone of  44370 - 44220 and bounced back sharply to close today at 44588.30.

Now in the coming session Bank Nifty has immediate resistance at 44850 - 45000 and has to break and sustain/close above 45000 for a further move towards 45400 - 45510. On the downside Bank Nifty has immediate support at 44370 - 44220 and has to sustain/close below 44220 for a further correction towards 43820 - 43710.

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 decision