NIFTY Prediction
NIFTY daily trend
NIFTY (20,969) Nifty daily trend is on Bullish.When the market is Bullish, the chance of rising of the more stock price. But Market also showing overbought and may correct as RSI is also indicating the same. If you are holding long positions then continue to hold with daily closing stoploss of 20,844 Fresh short positions can be initiated if Nifty closes below 20,844 levels.
NIFTY Support 20,870 – 20,844 – 20,766
NIFTY Resistance 21,027 – 21,070 – 21,140
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NIFTY Tentative Range – 20,800———————————————————– 21,127 |
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NIFTY Hourly trend
NIFTY (20,969) Nifty hourly trend is Bullish. Last two days market showing consolidation on hourly candles and if break above 21027 may go more upside. Needs to be more careful before taking any long position now as on profit booking zone. If you are holding long positions then maintain strict closing stoploss of 20,870. Fresh short positions can be initiated if Nifty closes below 20,844 levels.
NIFTY Support 20,870 – 20,844 – 20,766
NIFTY Resistance 21,027 – 21,070 – 21,140
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NIFTY on 15 Min Candle chart
NIFTY (20,969) Nifty on 15 Min candle chart is in range-bound in last two days. above 21000, if sustained in 15 Min Candle may go long but focus on profit booking. trend is Bullish. If you wants to short focus on top, inverted hammer candle on 15 Min then maintain strict closing stoploss of hammer top. Fresh short positions on intraday can be initiated if Nifty closes below 20,890 levels.
NIFTY Support/Target 20,890 – 20,844 – 20,790-20738
NIFTY Resistance 21,027 – 21,070 – 21,140
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Banknifty Prediction
Bank daily trend
BANKNIFTY (47,262) Banknifty currently in bullish trend. On observing last one hour on last trading session, it seems that banking sector may go more up. Market may try to make new high in Banknifty. FIIs are bullish, if any dip in banknifty it is only buying opportunity. If your are in long positions then continue to hold with daily closing stoploss of 46,950, short positions can be initiated if Banknifty closes below 46,550 levels.
BANKNIFTY Support 46,950 – 46,745 – 46,550
BANKNIFTY Resistance 47,440 – 47,640 – 47,940
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Banknifty Tentative Range – 46740———————————————————– 47,940 |
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Banknifty Hourly trend
BANKNIFTY (47,262) Banknifty hourly trend is only bullish. Above 47300 think only for buying with strict stoploss, also focus on profit booking, any 100-200 dip think for buying. If your are in long positions then continue to hold with hourly closing with stoploss of 46,950, short positions can be initiated if Banknifty closes below 46,550 levels.
BANKNIFTY Support 46,950 – 46,745 – 46,550
BANKNIFTY Resistance 47,440 – 47,640 – 47,940
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NIFTY on 15 Min Candle chart
BANKNIFTY (47,262) Banknifty on15 Min candle chart is showing upside break. above 47300 if sustained in 15 Min Candle may go long but focus on profit booking. trend is Bullish. If you wants to short focus on top, inverted hammer candle on 15 Min then maintain strict closing stoploss of hammer top. Fresh short positions on intraday can be initiated if banknifty closes below 46,950 levels.
BANKNIFTY Support 46,950 – 46,745 – 46,550
BANKNIFTY Resistance 47,440 – 47,640 – 47,940
Click here to View Banknifty 15 Min Chart