As the market runs a positively, the trend was continuous today. Let us know the Bank Nifty and Nifty Prediction for Tomorrow 19th August 2023. We will discuss where you can take your position for the next training session.
Bank Nifty and Nifty Prediction for Tomorrow
The positive intent of the market was going. But today the market behaves in some different ways. As it opens low at yesterday’s closing price, both bank nifty and nifty 50. So many traders got confused about where they can take or hold their position. Let’s know where you can take your position for tomorrow’s trading session.
Nifty Prediction for Tomorrow
Nifty 50 today opens with a gap down near about 50 points. Many traders got confused of this behave. On Wednesday it closes in green bars and today at the expiry day it closes in positive intend. But today nifty hasn’t moved in . It just goes with side ways. Nifty opens at 17898 and closes at 17956. It goes at 17968 with today’s high and comes down at 17852 today’s low.
As nifty tries twice for up side move. Then it aging comes down. On Friday if nifty opens with a gap up above 18100 or opens flat then wait for the gap filling candle. If it sustain over 18150 then upside move can happen. Then you can take position at 18170 of CE and the first target will be 18220 and second 18270.
As nifty 50 will try to fill its gap for the coming days then be careful about taking a position on CE.
If the market opens with a gap down and sustain under 17880 then a big downfall will be seen. It will be risky but although you can take position on PE at 17850. Then your first target will be 17800 and second 17740.
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NIFTY BUY LEVEL
| NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 17956 | 18150 | 18220 | 1270 | 18100 |
NIFTY SELL LEVEL
| NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 17956 | 17880 | 17800 | 17740 | 17950 |
Bank Nifty Prediction for Tomorrow
Bank Nifty Prediction
As Bank Nifty is in a positive trend it closes at 39656 on Thursday 18 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 39750 or above your first target will be 39810 and the second 39860 to 39900. Although the market is in a green trend and if it hits 39950 then a big move can be seen near about 40000.
If the market opens flat or comes down and hit the 39550 or 39480 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 39400 and your second will be 39420 to 39400 and set a stop loss of 39500.
BANK NIFTY BUY LEVEL
| BANK NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 39656 | 39750 | 39810 | 39900 | 39750 |
BANK NIFTY SELL LEVEL
| BANK NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 39656 | 39550 | 39400 | 39420 | 39500 |
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Disclosure
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