Sustaining above 46865 can move towards 46915 - 46970 - 47120, SL 46810
Sustaining below 46705 can move towards 46660 - 46600 - 46450, SL 46760
Bank Nifty has to sustain and close above its weekly resistance at 46990 - 47070 to move towards its initial weekly long targets of 47280 - 47335
Closing above 47335 Bank Nifty may move towards its last weekly long targets of 47520 - 47720
On the downside:
Bank Nifty has to sustain and close below its weekly support at 46740 - 46660 to move towards its initial weekly short targets of 46450 - 46390
Closing below 46390 Bank Nifty may move towards its last weekly short targets of 46210 - 46000
So far this week Bank Nifty made a low of 46529.05 breaking below our weekly support zone of 46740 - 46660 and bounced till 46956.10 and closed at 46785.95 after triggering our weekly short trade. The cbsl for the short trade is 46800 which was saved today. Tomorrow is the last trading day for this truncated week and we will follow a cbsl of 46865 on 15 mins
Now in the coming session Bank Nifty sustaining below 46705 can move towards 46600 - 46450. On the upside Bank Nifty sustaining above 46865 can move towards 46970 - 47120
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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