Bank Nifty Outlook for 15th Sep

  In the previous session:

Bank Nifty went up by 244 points then went down by 108 points before closing higher by 91 points on Thurssday

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 14th Sep:

Bank Nifty triggered our long trade and completed 2 targets doing 115 points and took our TSL. 

For 15th Sep:

Sustaining above 46085 can move towards 46135 - 46195 - 46350, SL 46025

Sustaining below 45920 can move towards 45870 - 45800 - 45650, SL 45975

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 46153.90 almost completing our last weekly long targets of 46025 - 46290 on sustaining above 45425 and closed at 46000.85

Now in the coming session Bank Nifty has immediate resistance at 46290 - 46350. On the downside Bank Nifty has immediate support at 45900 and sustaining below it can move towards 45780 - 45710.

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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