Thursday, September 17, 2020

Nifty and BankNifty, Stock Market Tomorrow Outlook 18 Sep 2020

 

 Nifty and BankNifty, Stock Market Tomorrow Outlook 18 Sep 2020 

Nifty: 11516 -88
 BankNifty: 22320 -253

Stock Market Today 

On account of US Fed chief giving weak US economic outlook the Indian indices ended in the red zone after the closing bell today. 

The BSE Sensex crashed 323 points and closed at 38,979 mark while the 50-stocks NSE Nifty nosedived 88 points after closing at 11,516 mark. The Bank Nifty index tanked 253 points and closed at 22,320 levels.


Nifty Outlook

nifty share price, finvestonline.com



Currently Nifty is more stronger than Banknifty on charts . But currently market is trading in no confidence zone.

As of now no major movement either upside or downside may be seen. Nifty is trading in a sideways zone.  

Now Nifty is ready to fall in next few session and will fall very sharply. Nifty should be short with the target of 11200-11000 in downside.

So avoid trade and be cautious until Nifty closes above the level of 11600 in upside or closes below the level of 11425 in downside.


BankNifty Outlook

banknifty share price, finvestonline.com

BankNifty is currently trading in a nervous zone that is in a sideways zone with small range like a pendulum .

So be cautious. Make long position in Banknifty when it closes above the level of 22700 in upside and make short position if Banknifty when Banknifty closes below the level of 22100 in downside.

Now BankNifty will go at least 1000-1500 points down from here to the level of 21400-21000 in downside. So Banknifty and make huge profit in few trading session. 

So, between the levels of 22700 and 22100 avoid trade as chances of being trap is more in this sideways zone.



Thanks for your Precious Time.


Finvest Online
Telegram  :  t.me/finvestonline

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.

No comments:

Post a Comment