In the previous session:
Bank Nifty went up by 469 points before closing higher by 332 points on Friday
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 01st Dec:
Bank Nifty triggered our long trade and almost completed all targets doing 345 points
For 04th Dec:
Sustaining above 44910 can move towards 44970 - 45040 - 45220, SL 44845
In the Previous Week:
Bank Nifty triggered our weekly long trade above 44020 and completed all long target will 44580 - 44830 doing 800 points and exceeded it 120 points making a high of 44951.10
Now for this week:
On the upside:
Bank Nifty has to sustain and close above its weekly resistance at 44970 - 45070 to move towards its initial weekly long targets of 45340 - 45405.
Closing above 45405 Bank Nifty may move towards its last weekly long targets of 45635 - 45890
On the downside:
Bank Nifty has to sustain and close below its weekly support at 44655 - 44560 to move towards its initial weekly short targets of 44290 - 44220
Closing below 44220 Bank Nifty may move towards its last weekly short targets of 43990 - 43740.
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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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
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