Sustaining above 43180 can move towards 43265 - 43365 - 43630, SL 43080
Sustaining below 42900 can move towards 42815 - 42715 - 42450, SL 43000
Bank Nifty has to sustain and close above its weekly resistance at 42995 - 43125 to move towards its initial weekly long targets of 43485 - 43580.
Closing above 43580 Bank Nifty may move towards its last weekly long targets of 43890 - 44230
On the downside:
Bank Nifty has to sustain and close below its weekly support at 42570 - 42440 to move towards its initial weekly short targets of 42075 - 41985
Closing below 41985 Bank Nifty may move towards its last weekly short targets of 41675 - 41335
So far this week Bank Nifty has made a low of 42390 breaking our weekly support at 42570 - 42440 and bounced back sharply to make a high of 43112.50 testing our weekly resistance zone at 42995 - 43125.
Now in the coming session Bank Nifty has to break and sustain above 43125 to move towards our initial weekly long targets of 43485 - 43580 and on failing to do so can retest our weekly support. On the downside Bank Nifty has to break and sustain/close below 42440 to move towards its initial weekly short targets of 42075 - 41985
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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