Tuesday, September 15, 2020

Nifty and BankNifty, Stock Market Tomorrow Outlook 15 Sep 2020

 

  Nifty and BankNifty, Stock Market Tomorrow Outlook 15 Sep 2020 


Nifty: 11440 -24
BankNifty: 22101 -379

Nifty Outlook



nifty finvestonine.com

As discussed yesterday that the importance resistance level is at 11560 and today Nifty touches this level and fall again.

As of now nearest support in Nifty is at 11200 and nearest resistance is at 11560.

Currently Nifty is trading in a sideways zone and strong price momentum can be seen when it closes above the level of 11560.

As of now short position can be made in Nifty in every bounce for a potential target of 11000 to 10800 in downside in the September 2020 series.

BankNifty Outlook

banknifty finvestonine.com

After correction from the level of 25200 level , Banknifty was trading in a sideways zone. 

But today it breakout the lower level of sideways zone. Now Banknifty shows more negative downtrend.

 Currently in every bounce short position should be taken for further downward.

Now uptrend in Banknifty will be seen when it closes above the level of 22700.

In downside 21000 to 20500 level can be expected in Banknifty. So make short position in BankNifty at every bounce for a potential huge profit.






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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