On Friday(12 Aug 2022) Indian market closes on a positive trend. Both indexes Nifty and Bank Nifty have performed well. Let’s find out Bank Nifty and Nifty Prediction and how will they perform on Tuesday 16 August.
Nifty Prediction
As the Nifty is in a positive trend, it closes at 17698 on Friday in green. If you are holding your position then hold it for a long. On Tuesday if Nifty opens with a gap up above 17730 or more then wait for some time to come down near 17700 then you can take your position in CE. Your first target will be 17800, and second 17850.
If the market opens flat and sustains near about 17660 then the market will go down . You can take position on PE. Your first target will be 17600 and second 17560. You can set a stoploss for 15-20 points.
Nifty opens with a gap down and sustains near 17550 then a huge downfall will happen. You can take a position on PE and set a target for 17450 and 17400.
NIFTY BUY LEVEL
| NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 17698 | 17730 | 17800 | 17850 | 17690 |
NIFTY SELL LEVEL
| NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 17698 | 17550 | 17450 | 17400 | 17600 |
Bank Nifty Prediction
As Bank Nifty is in a positive trend it closes at 39042 on Friday 13 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 39100 or above your first target will be 39220 and the second 39320 to 39400. Although market is in a green trend and if it hits 39300 then a big move can be seen near about 39600.
If the market opens flat or comes down and hit the 38900 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 38700.to 38600 and set a stop loss of 39000.
Bank Nifty Buy Level
| BANK NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 39042 | 39100 | 39320 | 39400 | 38950 |
Bank Nifty Sell Level
| BANK NIFTY | ENTRY LEVEL | 1st TARGET | 2nd TARGET | STOP LOSS |
| 39042 | 38900 | 38700 | 38600 | 39000 |
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