Bank Nifty Outlook for 01st Dec

 

In the previous session:

Bank Nifty went up by 198 points then went down by 312 points before closing lower by 85 points on Thursday

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 30th Nov:

Bank Nifty initially triggered our long trade and completed just 1 target doing 75 points and took our stoploss. Post that Bank Nifty reversed to trigger our short trade and completed 2 targets doing 160 points 

For 01st Dec:

Sustaining above 44605 can move towards 44685 - 44770 - 45000, SL 44520

Sustaining below 44355 can move towards 44280 - 44190 - 43960, SL 44445

In the Previous Week: 

Bank Nifty traded sideways and did not confirm a long or short trade as per weekly levels

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 43925 - 44020 to move towards its initial weekly long targets of 44285 - 44355. 

Closing above 44355 Bank Nifty may move towards its last weekly long targets of 44580 - 44830

On the downside:

Bank Nifty has to sustain and close below its weekly support at 43615 - 43515 to move towards its initial weekly short targets of 43250 - 43185

Closing below 43185 Bank Nifty may move towards its last weekly short targets of 42960 - 42710.

So far this week Bank Nifty triggered our weekly long trade above 44020 and has made a high of 44764.80 almost completing all our weekly long targets till 44580 - 44830. The trailing cbsl for the weekly long trade is now 44350

Now in the coming sessions Bank Nifty sustaining above 44355 can move towards 44580 - 44830. On the downside Bank Nifty breaking below 44350 has immediate support at 44190 - 44020.

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.                              

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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 

Nifty Outlook for 01st Dec

 In the previous session:

Nifty went down by 81 points then went up by 62 points before closing higher by 33 points on Thursday 

Nifty made a new lifetime high of 20222.45 on 15th Sep 2023 from the lows of 7511.10 made on 24th March 2020

On 30th Nov:

Nifty initially triggered our short trade and completed 2 targets doing 35 points and took our TSL. Post that Nifty reversed to trigger our long trade and almost completed 2 targets doing 30 points

For 01st Dec:

Sustaining above 20160 can move towards 20180 - 20200 - 20250, SL 20140

Sustaining below 20105 can move towards 20085 - 20065 - 20015, SL 20125

In the Previous Week: 

Nifty traded sideways between our long and short trigger zone and did not give any directional move

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 19850 - 19885 to move towards its initial weekly long targets of 19985 - 20010

Closing above 20010 Nifty may move towards its last weekly long targets of 20090 - 20180

On the downside:

Nifty has to sustain and close below its weekly support at 19740 - 19705 to move towards its initial weekly short targets of 19605 - 19580

Closing below 19580 Nifty may move towards its last weekly short targets of 19500 - 19410

So far this week Nifty post triggering our weekly long trade above 19885 has made a high of 20158.70 almost completing all our weekly long targets till 20090 - 20180. Now trailing cbsl for the weekly long trade is 20010.

Now in the coming session Nifty sustaining above 200900 can move towards 20180 - 20200 to complete its weekly long targets. On the downside Nifty sustaining below 20105 has immediate support at 20065 - 20015.

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 decisions

Bank Nifty Outlook for 30th Nov

 

In the previous session:

Bank Nifty went up by 749 points before closing higher by 685 points on Wednesday

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 Nov:

Bank Nifty triggered our long trade with a gap up near our 2nd target and gave a dip till near our entry and completed all target and more doing 500+ points

For 30th Nov:

Sustaining above 44690 can move towards 44765 - 44855 - 45090, SL 44605

Sustaining below 44440 can move towards 44365 - 44280 - 44050, SL 44530

In the Previous Week: 

Bank Nifty traded sideways and did not confirm a long or short trade as per weekly levels

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 43925 - 44020 to move towards its initial weekly long targets of 44285 - 44355. 

Closing above 44355 Bank Nifty may move towards its last weekly long targets of 44580 - 44830

On the downside:

Bank Nifty has to sustain and close below its weekly support at 43615 - 43515 to move towards its initial weekly short targets of 43250 - 43185

Closing below 43185 Bank Nifty may move towards its last weekly short targets of 42960 - 42710.

So far this week Bank Nifty triggered our weekly long trade and completed our initial targets of 44285 - 44355 and reached our last weekly long target zone of 44580 - 44830 with a high of 44630.35 and closed at 44566.45. The trailing cbsl for the weekly long trade is now 44280

Now in the coming sessions Bank Nifty sustaining above 44355 can move towards 44580 - 44830. On the downside Bank Nifty breaking below 44440 has immediate support at 44280 - 44050.

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