Sustaining above 44010 can move towards 44080 - 44165 - 44390, SL 43925
Sustaining below 43770 can move towards 43695 - 43610 - 43390, SL 43850
Bank Nifty has to sustain and close above its weekly resistance at 44485 - 44605 to move towards its initial weekly long targets of 44940 - 45030.
Closing above 45030 Bank Nifty may move towards its last weekly long targets of 45310 - 45620
On the downside:
Bank Nifty has to sustain and close below its weekly support at 44090 - 43970 to move towards initial weekly short targets of 43640 - 43550
Closing below 43550 Bank Nifty may move towards its last weekly short targets of 43270 - 42950
So far this week Bank Nifty has made a high of 44589.85 testing our weekly resistance zone of 44485 - 44605 and today made a low of 43861.45 breaking our weekly support zone of 44090 - 43970 and closed at 43888.70 confirming a weekly short trade. The cbsl for the weekly short trade is 44190.
Now in the coming session Bank Nifty sustaining below 44090 can move towards 43640 - 43550 . On the upside Bank Nifty has to break and sustain above 44090 to move towards 44200 - 44400.
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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