In the previous session:
Bank Nifty went up by 454 points before closing higher by 283 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 29th Sep:
Bank Nifty triggered our long trade and almost completed all targets doing 325 points.
For 03rd Oct:
Sustaining above 44705 can move towards 44780 - 44865 - 45090, SL 44620
In the Previous Week:
Bank Nifty traded sideways mostly between our weekly long and short trigger zone
Now for this week:
On the upside:
Bank Nifty has to sustain and close above its weekly resistance at 44780 - 44900 to move towards its initial weekly long targets of 45240 - 45320.
Closing above 45320 Bank Nifty may move towards its last weekly long targets of 45610 - 45920
On the downside:
Bank Nifty has to sustain and close below its weekly support at 44390 - 44260 to move towards initial weekly short targets of 43940 - 43850
Closing below 43850 Bank Nifty may move towards its last weekly short targets of 43560 - 43250
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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