In the previous session:
Bank Nifty went down by 66 points then went up by 505 points before closing higher by 278 points on Friday
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 08th Sep:
Bank Nifty triggered our long trade and completed all targets doing 320 points and exceeded it by another 83 points
For 11th Sep:
Sustaining above 45260 can move towards 45320 - 45395 - 45585, SL 45185
In the Previous Week:
Bank Nifty triggered our weekly long trade above 44715 and reached our last weekly long targets till 45340 - 45620 with a high of 45383.35 doing 600+ points.
Now for this week:
On the upside:
Bank Nifty has to sustain and close above its weekly resistance at 45325 - 45425 to move towards its initial weekly long targets of 45710 - 45780.
Closing above 45780 Bank Nifty may move towards its last weekly long targets of 46025 - 46290
On the downside:
Bank Nifty has to sustain and close below its weekly support at 44990 - 44890 to move towards initial weekly short targets of 44610 - 44530
Closing below 44530 Bank Nifty may move towards its last weekly short targets of 44290 - 44020
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
No comments:
Post a Comment