Bank Nifty Outlook for 25th Oct

  In the previous session:

Bank Nifty went up by 108 points then went down by 693 points before closing lower by 572 points on Monday

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 23rd Oct:

Bank Nifty triggered our short trade and completed all targets doing 330 points and exceeded it by another 250 points 

For 25th Oct:

Sustaining above 43250 can move towards 43310 - 43380 - 43560, SL 43180

Sustaining below 43050 can move towards 43000 - 42925 - 42740, SL 43120

In the Previous Week: 

Bank Nifty triggered our weekly short trade below 43970 and completed our initial weekly short targets till 43640 - 43550 with a low of 43558.10 doing 400 points

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 43890 - 44000 to move towards its initial weekly long targets of 44280 - 44360. 

Closing above 44360 Bank Nifty may move towards its last weekly long targets of 44600 - 44870

On the downside:

Bank Nifty has to sustain and close below its weekly support at 43550 - 43450 to move towards its initial weekly short targets of 43160 - 43090

Closing below 43090 Bank Nifty may move towards its last weekly short targets of 42850 - 42580

So far this week Bank Nifty triggered our weekly short trade and made a low of 43029.45 completing our initial weekly short targets till 43160 - 43090 and closed at 43151.20.

Now in the coming session Bank Nifty sustaining below 43090 can move towards 42850 - 42580. On the upside Bank Nifty has immediate resistance at 43450 - 43550. 

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.

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