Currently Bank Nifty and Nifty are in a bullish trend. Today’s market opens a gap up more than 20o0 points and nifty for more than 100 points. So let’s find out the Bank Nifty and Nifty Prediction for tomorrow.
Bank Nifty and Nifty Prediction for Tomorrow
Nifty Prediction
NIFTY BUY LEVEL
| NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 17825 | 17850 | 17890 | 17930 | 17820 |
NIFTY SELL LEVEL
| NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 17825 | 17800 | 17770 | 17730 | 17830 |
Bank Nifty Prediction
As Bank Nifty is in a positive trend it closes at 39239 on Tuesday 16 August on the green bar. If you holding CE positions then hold them for a long. As Bank Nifty near about, it’s last eight months high. If the market opens near about 39300 or above your first target will be 39400 and the second 39450 to 39480. Although market is in a green trend and if it hits 39500 then a big move can be seen near about 39700. But market has a resistant level at 39400 and 39500, where there are many call writers.
If the market opens flat or comes down and hit the 39000 or 39100 level and sustains then the downside fall will happen. Then you can buy PE. This is the crucial level. Because after hitting this level the market will take a big move downwards. Then your first target will be 38815 and your second will be 38950 to 38900 and set a stop loss of 39100.
BANK NIFTY BUY LEVEL
| BANK NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 39239 | 39300 | 39450 | 39480 | 39200 |
BANK NIFTY SELL LEVEL
| BANK NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 39239 | 39100 | 38950 | 38900 | 39100 |
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