Bank Nifty Outlook for 13th Sep

  In the previous session:

Bank Nifty went up by 323 points then went down by 248 points before closing lower by 59 points on Tuesday 

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 12th Sep:

Bank Nifty triggered our long trade with a gap up near our last target and did not give a trade. Post that Bank Nifty triggered our short trade and almost completed 2 targets doing 130 points 

For 13th Sep:

Sustaining above 45610 can move towards 45675 - 45745 - 45930, SL 45540

Sustaining below 45410 can move towards 45350 - 45280 - 45090, SL 45480

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

So far this week Bank Nifty made a high of 45893.80 completing our initial weekly long targets of 45710 - 45780 on sustaining above 45425 and closed at 45511.35

Now in the coming session Bank Nifty sustaining above 45425 can again move to complete its initial weekly long targets of 45710 - 45780 and for a further move has to close above 45780 for the next long targets of 46025 - 46290 . On the downside Bank Nifty has immediate support at 45310 and to break and sustain below it for further dip towards 45200 - 45100. For the weekly long trade now stoploss would be 45240 on closing basis 

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