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Bank Nifty and Nifty Prediction on 24th Aug

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The market was volatile on Tuesday’s session. Let’s analyze the Bank Nifty and Nifty Prediction on 24th August. As a great fall was seen on Monday, so today’s market opened with a gap down and bank nifty have traded with around 700 points and nifty 50 have traded almost 250 points with ups and downs.

Nifty Prediction
Nifty Prediction

Bank Nifty and Nifty Prediction for Tomorrow

In the last few weeks market was in a positive trend. But now the closing levels were not so promising for banks nifty and nifty. Both have closed in uncertainty levels. Today market opened with a gap up but then filled the gap and closed with a good high.

NIFTY Prediction for Tomorrow

Bank Nifty and Nifty Prediction
Bank Nifty and Nifty Prediction

Nifty 50 opens with a gap down and then closes in a high. Traders got confused where to take position. After seeing a fall on yesterday market people starting to take position on PE and there are many call writers who have made the the market to bounce back. Today nifty made a huge move. It opens red at 17357 and closes at 17577. Today’s low was 17345 and also it got a high of 17623. So you can see there is huge volatile situation for traders.

Nifty tries to make a down movement and tried twice and with huge low of 17345. Then it bounced back. There many traders got trapped. If any one today doesn’t use stoploss they might got trapped in the hype.

Let’s talk about tomorrow’s market prediction. We will use a chart where you can take a position and what will be your targeted level for tomorrow.

If you are searching for a nifty movement strategy then go through this article- How to predict Nifty Movement?

NIFTY BUY LEVEL

NIFTY ENTRY LEVEL 1st TARGET 2nd TARGET STOP LOSS
17577 17610 17650 17695 17590
Nifty Prediction

NIFTY SELL LEVEL

NIFTY ENTRY LEVEL 1st TARGET 2nd TARGET STOP LOSS
17577 17500 17440 17410 17490
Nifty Prediction

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BANK NIFTY Prediction for Tomorrow

NIFTY Prediction
BANK NIFTY Prediction

As the nifty, bank nifty also moved huge. To predict the gap up or gap down of bank nifty it needs to know the technical analysis. Today it behaves so volatile. Bank nifty opened with a gap down and then filled the gap and makes a huge move to up wards. Traders got trapped in this volatile situation. After a huge fall on yesterday and opened with the gap market made a huge bounce back while it tries to go down but stopped at around 38200 level. Today Bank nifty opened at 37955 and closes at 38697. During the whole trading session it moves almost 700 points with a high of 38869 and a low of 37950.

Who hold their position with PE and waited for a fall they got trapped in this hype. If you are using a stop loss that will save you from this movement. Thus stop loss is so effective in this type of situation.

Let’s talk about tomorrow’s market prediction. We will use a chart where you can take a position and what will be your targeted level for tomorrow.

BANK NIFTY BUY LEVEL

BANK NIFTY ENTRY LEVEL 1st TARGET 2nd TARGET STOP LOSS
38697 38750 38810 38865 38800
Bank Nifty Prediction

BANK NIFTY SELL LEVEL

BANK NIFTY ENTRY LEVEL 1st TARGET 2nd TARGET STOP LOSS
38697 38600 38545 38510 38590
BANK Nifty Prediction

If you want to want to learn about the bank nifty strategy you can go through this article.

Disclosure

We are an educational forum for analyzing and learning about trading. This article is only for educational purposes. We are not responsible for financial profit or loss.

Wish you safe and profitable trade. Thank You for for reading

If you have any query contact us at: admin@myfinanceadvices.com

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