Sustaining above 43760 can move towards 43805 - 43860 - 44000, SL 43705
Sustaining below 43610 can move towards 43565 - 43510 - 43370, SL 43660
Bank Nifty has to sustain and close above its weekly resistance at 43555 - 43705 to move towards its initial weekly long targets of 44110 - 44215.
Closing above 44215 Bank Nifty may move towards its last weekly long targets of 44565 - 44950
On the downside:
Bank Nifty has to sustain and close below its weekly support at 43080 - 42930 to move towards its initial weekly short targets of 42525 - 42425
Closing below 42425 Bank Nifty may move towards its last weekly short targets of 42070 - 41690
So far this week Bank Nifty broke our weekly resistance zone of 43555 - 43705 and made a high of 43876.75 and today closed at 43683.60. The stoploss on closing basis for the weekly long trade is 43430.
Now in the coming session Bank Nifty sustaining above 43705 can move towards 44110 - 44215. On the downside Bank Nifty sustaining below 43540 can move towards 43450 - 43300
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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