Tuesday, August 25, 2020

Nifty and BankNifty Tomorrow Outlook | Stock Market 26 Aug 2020


 Nifty and BankNifty Tomorrow Outlook | Stock Market 26 Aug 2020

Nifty- 11472

BankNifty- 23092


BankNifty  Chart

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> From the previous three session our post suggesting reader that BankNifty is more stronger than Nifty and Market is performing like that also ( You can see our last 2 post on Market outlook).

>Now again our outlook not changed. BankNifty is more stronger than Nifty and the uptrend in the market continue.

> If tomorrow BankNifty crosses 23200 level and closed above it then another 500 point gain can be seen in BankNifty.

> Every dip or small correction should be utilised for taking long position.

Nifty Chart

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As discussed yesterday that Nifty will open high and will trade in a small range and Nifty behave like that.

Now today Nifty trend are intact in upward direction . There is no sign on chart that suggest that there will be any major downside in market.

But Nifty closing suggest until Nifty not cross decisively the level of 11525 with volume another sharp momentum will not be seen in the market.

Tomorrow market will be a small range bound  session until Nifty not break 11525 level with volume. In downward 11380 is support. Trade for small range and small profit.

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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 website.We are not SEBI registered financial advisor or analyst.

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