Bank Nifty Outlook for 15th Nov

 In the previous session:

Bank Nifty went down by 315 points before closing lower by 105 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 13th Nov:

Bank Nifty triggered our short trade and completed all targets doing 200 points and exceeded it by 40 points

For 15th Nov:

Sustaining above 43950 can move towards 43985 - 44030 - 44140, SL 43910

Sustaining below 43830 can move towards 43795 - 43755 - 43650, SL 43875

In the Previous Week: 

Bank Nifty triggered our weekly long trade but did not complete any targets

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 43940 - 44010 to move towards its initial weekly long targets of 44215 - 44265. 

Closing above 44265 Bank Nifty may move towards its last weekly long targets of 44440 - 44630

On the downside:

Bank Nifty has to sustain and close below its weekly support at 43700 - 43630 to move towards its initial weekly short targets of 43430 - 43375

Closing below 43375 Bank Nifty may move towards its last weekly short targets of 43200 - 43010

So far this week Bank Nifty has been trading sideways between our weekly long and short trigger zone of 43630 - 44010 and closed at 43891.25

Now in the coming session Bank Nifty has to break and close above 44010 to move towards 44215 - 44265. On the downside Bank Nifty has immediate support at 43700 - 43630 and has to break and close below it for a move towards 43430 - 43375

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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