In the previous session:
Bank Nifty went down by 75 points then went up by 372 points before closing lower by 12 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 22nd Sep:
Bank Nifty triggered our long trade and completed 2 targets doing 200 points and then took our trailing stoploss
For 25th Sep:
Sustaining above 44760 can move towards 44850 - 44950 - 45230, SL 44655
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
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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