Bank Nifty Outlook for 30th Apr

 

In the previous session:

Bank Nifty went up by 1272 points before closing higher by 1223 points on Monday

Bank Nifty made a new lifetime high of 49473.60 on 29th Apr 2024 from the lows of 16116.25 made on 24th March 2020

On 29th Apr:

Bank Nifty triggered our long trade and completed all targets doing 500 points and exceeded it by 600 points . 

For 30th Apr:

Sustaining above 49610 can move towards 49725 - 49860 - 50200, SL 49480

Sustaining below 49235 can move towards 49125 - 48990 - 48650, SL 49365

(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 47995 and made a high of 48679.65 and completed our initial weekly long targets till 48435 - 48550 doing 550 points and exceeded it by  120 points 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 48455 - 48615 to move towards its initial weekly long targets of 49050 - 49160

Closing above 49160 Bank Nifty may move towards its last weekly long targets of 49530 - 49940

On the downside:

Bank Nifty has to sustain and close below its weekly support at 47940 - 47790 to move towards its initial weekly short targets of 47350 - 47240

Closing below 47240 Bank Nifty may move towards its last weekly short targets of 46870 - 46460

So far this week Bank Nifty has made a high of 49473.60 almost nearing our last weekly long targets of 49530 - 49940 and closed at 49424.05 triggering our weekly long trade. The trailing stoploss for the weekly long trade is 49000 on hourly closing.

Now in the coming session Bank Nifty sustaining above 49610 can move towards 49860 - 50050. On the downside Bank Nifty sustaining below 49235 can move towards 48990 - 48820.

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 30th Apr

 In the previous session:

Nifty went up by 235 points before closing higher by 223 points on Monday 

Nifty made a new lifetime high of 22775.70 on 10th Apr 2024 from the lows of 7511.10 made on 24th March 2020

On 29th Apr:

Nifty triggered our long trade and almost completed all targets doing 150 points

For 30th Apr:

Sustaining above 22700 can move towards 22735 - 22775 - 22880, SL 22660

Sustaining below 22585 can move towards 22555 - 22515 - 22410, SL 22625

(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 sustaining above 22295 and made a high of 22620.40 doing 300+ points but fell short of our last weekly long targets of 22630 - 22670 

Now for this week:

On the upside:

Nifty has to sustain and close above its weekly resistance at 22515 - 22575 to move towards its initial weekly long targets of 22740 - 22780

Closing above 22780 Nifty may move towards its last weekly long targets of 22920 - 23050

On the downside:

Nifty has to sustain and close below its weekly support at 22325 - 22265 to move towards its initial weekly short targets of 22100 - 22060

Closing below 22060 Nifty may move towards its last weekly short targets of 21920 - 21770

So far this week Nifty has made a high of 22655.80 and closed at 22643.40 triggering our weekly long trade. The stoploss for the weekly long is 22465 on closing basis.

Now in the coming session Nifty sustaining above 22700 can move towards 22775 - 22825. On the downside Nifty sustaining below 22585 can move towards 22515 - 22465 where it can take support.

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 April

 

In the previous session:

Bank Nifty went up by 184 points then went down by 405 points before closing lower by 294 points on Friday

Bank Nifty made a new lifetime high of 49057.40 on 10th Apr 2024 from the lows of 16116.25 made on 24th March 2020

On 26th Apr:

Bank Nifty triggered our short trade and completed 2 targets doing 215 points and exceeded it by 30 points . 

For 29th Apr:

Sustaining above 48360 can move towards 48450 - 48565 - 48860, SL 48250

Sustaining below 48045 can move towards 47950 - 47840 - 47550, SL 48155

(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 47995 and made a high of 48679.65 and completed our initial weekly long targets till 48435 - 48550 doing 550 points and exceeded it by  120 points 

Now for this week:

On the upside:

Bank Nifty has to sustain and close above its weekly resistance at 48455 - 48615 to move towards its initial weekly long targets of 49050 - 49160

Closing above 49160 Bank Nifty may move towards its last weekly long targets of 49530 - 49940

On the downside:

Bank Nifty has to sustain and close below its weekly support at 47940 - 47790 to move towards its initial weekly short targets of 47350 - 47240

Closing below 47240 Bank Nifty may move towards its last weekly short targets of 46870 - 46460

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