Bank Nifty Outlook for 01st Mar

 

In the previous session:

Bank Nifty went down by 301 points then went up by 366 points before closing higher by 157 points on Thursday

Bank Nifty made a new lifetime high of 48636.45 on 27th Dec 2023 from the lows of 16116.25 made on 24th March 2020

On 29th Feb:

Bank Nifty initially triggered our short trade and completed 2 targets doing 150 points and took our trailing stoploss. Post that Bank Nifty reversed to trigger our long trade and again completed 2 targets doing 150 points 

For 01st Mar:

Sustaining above 46235 can move towards 46305 - 46390 - 46600, SL 46155

Sustaining below 46000 can move towards 45935 - 45850 - 45640, SL 46085

(One should ideally look to exit near the 2nd target once the trade is triggered)

In the Previous Week: 

Bank Nifty triggered our weekly long trade above 46905 but fell short of our initial weekly long targets of 47455 - 47595 with a high of 47363.40

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 46980 - 47080 to move towards its initial weekly long targets of 47370 - 47440

Closing above 47440 Bank Nifty may move towards its last weekly long targets of 47680 - 47950

On the downside:

Bank Nifty has to sustain and close below its weekly support at 46645 - 46540 to move towards its initial weekly short targets of 46255 - 46180

Closing below 46180 Bank Nifty may move towards its last weekly short targets of 45940 - 45670

So far this week Bank Nifty has made a low of 45661.75 breaking below our weekly support zone of 46645 - 46540 and completed our last weekly short target zone of 45940 - 45670 and closed at 46120.90

Now in the coming session Bank Nifty sustaining below 46000 can move towards 45850 - 45750. On the upside Bank Nifty sustaining above 46235 can move towards 46390 - 46490

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 Mar

 In the previous session:

Nifty went down by 90 points then went up by 109 points before closing higher by 32 points on Thursday 

Nifty made a new lifetime high of 22297.50 on 23rd Feb 2024 from the lows of 7511.10 made on 24th March 2020

On 29th Feb:

Nifty triggered our short trade and fell short of our 2nd target but did 40 points

For 01st Mar:

Sustaining above 22030 can move towards 22055 - 22090 - 22180, SL 21995

Sustaining below 21935 can move towards 21905 - 21875 - 21790, SL 21970

(One should ideally look to exit near the 2nd target once a trade is triggered)

In the Previous Week: 

Nifty triggered our weekly long trade and took our stoploss without completing any targets. Post that Nifty tested our weekly support and again bounced back to re trigger our weekly long trade and almost reached our initial weekly long targets of 22305 - 22340 with a high of 22297.50 

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 22270 - 22300 to move towards its initial weekly long targets of 22395 - 22420

Closing above 22420 Nifty may move towards its last weekly long targets of 22495 - 22585

On the downside:

Nifty has to sustain and close below its weekly support at 22160 - 22125 to move towards its initial weekly short targets of 22035 - 22010

Closing below 22010 Nifty may move towards its last weekly short targets of 21930 - 21840

So far this week Nifty has made a low of 21860.65 breaking below our weekly support of 22160 - 22125 and almost completed our last weekly short target zone of 21930 - 21840 and closed at 21982.80. 

Now in the coming session Nifty sustaining below 21935 can move towards 21875 - 21835. On the upside Nifty sustaining above 22030 can move towards 22090 - 22130.

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 29th Feb

 

In the previous session:

Bank Nifty went up by 166 points then went down by 735 points before closing lower by 625 points on Wednesday

Bank Nifty made a new lifetime high of 48636.45 on 27th Dec 2023 from the lows of 16116.25 made on 24th March 2020

On 28th Feb:

Bank Nifty initially triggered our long trade and completed just 1 target and took our stoploss. Post that Bank Nifty reversed to trigger our short trade and completed all targets doing 380 points and exceeded it further by 370 points. 

For 29th Feb:

Sustaining above 46080 can move towards 46150 - 46230 - 46440, SL 46000

Sustaining below 45850 can move towards 45780 - 45700 - 45500, SL 45930

(One should ideally look to exit near the 2nd target once the trade is triggered)

In the Previous Week: 

Bank Nifty triggered our weekly long trade above 46905 but fell short of our initial weekly long targets of 47455 - 47595 with a high of 47363.40

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 46980 - 47080 to move towards its initial weekly long targets of 47370 - 47440

Closing above 47440 Bank Nifty may move towards its last weekly long targets of 47680 - 47950

On the downside:

Bank Nifty has to sustain and close below its weekly support at 46645 - 46540 to move towards its initial weekly short targets of 46255 - 46180

Closing below 46180 Bank Nifty may move towards its last weekly short targets of 45940 - 45670

So far this week Bank Nifty has made a low of 45852.55 breaking below our weekly support zone of 46645 - 46540 and reached our last weekly short target zone of 45940 - 45670 and closed at 45963.15

Now in the coming session Bank Nifty sustaining below 45850 can move towards 45700 - 45600. On the upside Bank Nifty sustaining above 46080 can move towards 46230 - 46330

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