In the previous session:
Bank Nifty went up by 287 points before closing higher by 147 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 06th Oct:
Bank Nifty triggered our long trade with a gap up above our 1st target and gave a dip to enter and completed 2 targets doing 120 points and exceeded it by another 80 points
For 09th Oct:
Sustaining above 44450 can move towards 44505 - 44570 - 44740, SL 44390
In the Previous Week:
Bank Nifty triggered our weekly short trade below 44260 and completed our initial weekly short targets till 43940 - 43850 with a low of 43857.50
Now for this week:
On the upside:
Bank Nifty has to sustain and close above its weekly resistance at 44510 - 44600 to move towards its initial weekly long targets of 44860 - 44920.
Closing above 44920 Bank Nifty may move towards its last weekly long targets of 45140 - 45380
On the downside:
Bank Nifty has to sustain and close below its weekly support at 44210 - 44120 to move towards initial weekly short targets of 43870 - 43800
Closing below 43800 Bank Nifty may move towards its last weekly short targets of 43590 - 43350
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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