In the previous session:
Bank Nifty went up by 309 points before closing higher by 230 points on Friday
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 15th Sep:
Bank Nifty triggered our long trade with a gap up near our 1st target and almost completed all targets moving 180 points
For 18th Sep:
Sustaining above 46315 can move towards 46365 - 46425 - 46585, SL 46255
In the Previous Week:
Bank Nifty triggered our weekly long trade above 45425 and completed all our weekly long targets till 46025 - 46290 with a high of 46310.40 doing 865 points
Now for this week:
On the upside:
Bank Nifty has to sustain and close above its weekly resistance at 46370 - 46450 to move towards its initial weekly long targets of 46685 - 46745.
Closing above 46745 Bank Nifty may move towards its last weekly long targets of 46945 - 47165
On the downside:
Bank Nifty has to sustain and close below its weekly support at 46095 - 46010 to move towards initial weekly short targets of 45780 - 45720
Closing below 45720 Bank Nifty may move towards its last weekly short targets of 45520 - 45300
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
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