Wednesday, August 26, 2020

Nifty and BankNifty Short & Mid Term Outlook | Stock Market 27 Aug 2020

 

 Nifty and BankNifty Tomorrow & Mid Term Outlook | Stock Market 27 Aug 2020

Nifty- 11549

BankNifty- 23414


Nifty Outlook 


Nifty Mid Term Outlook

As we discussed in earlier post that the trend of Nifty is Very strong there is no signal in the chart till  now which is suggest any sharp fall in the nifty.

A small 100 to 300 correction may happen which is a very normal when you see a index of 11500 points. Up and down is the nature of market , But as of now chart trend suggest any big correction chance is negligible.

Now in the upper range of the market 12000 mark is a big resistance. But the strength of the chart is also strong and will test the 12000 mark in coming future. 

When Nifty touches 12000 marks at that time we see the chart strength and review our view. But as of now every dip or correction should be utilized  for long position.

Hero MotoCorp Ltd ( HEROMOTOCO) | Latest Share/Stock Price Level Outlook

NIFTY SHORT TERM

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As we discussed above that the mid term trend of the NIFTY is very strong , so every correction should be used as for long position.

Nifty is making higher high and higher bottom with good momentum.

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BankNifty Outlook


BankNifty Daily Chart

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As we suggesting BankNifty from the level of 22000 that the BankNifty now bacame more stronger than Nifty on charts and is tending to test the 25000 level mark very soon , today it closed at 23414 level.

As of now BankNifty is very strong on charts and in every dip or correction long position should be initiated till 25000 mark. 

Weekly chart of BankNifty also showing strong strength so in recent mid term trend will remain positive in Banknifty.


BankNifty Mid Term Outlook

www.finvestonline.com

As we suggesting BankNifty from the level of 22000 that the BankNifty now bacame more stronger than Nifty on charts and is tending to test the 25000 level mark very soon , today it closed at 23414 level.

As of now BankNifty is very strong on charts and in every dip or correction long position should be initiated till 25000 mark. 

Weekly chart of BankNifty also showing strong strength so in recent mid term trend will remain positive in Banknifty.


  =>  Thank you for precious time.




Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this channel.We are not SEBI registered financial advisor or analyst.

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