Thursday, September 3, 2020

Nifty and BankNifty, Stock Market Tomorrow Outlook 04 Sep 20

 

  Nifty and BankNifty, Stock Market Tomorrow Outlook 04 Sep 20


Note->      Market probability of going down is now increased , Now long position in the market should be avoided and be cautious. 


Nifty Outlook

www.finvestonline.com

As told in yesterday article that  Nifty cannot have strong momentum in upside until BankNifty also participate the rally and Now game of Market is in full control of BankNifty.

Nifty today traded in a sideways zone whole day due to pressure from Banknifty and closed in an indecision point.

Indecision point remains until Nifty closes above the level 11580 level in upside or closes below the level of  11440  in downside.

Market probability of going down is now increased as today BankNifty closes at lower level of  sideways zone which means market will open Gap down of 100 to 150 points and a sharp downside in market can be seen.

Now long position in the market should be avoided and be cautious. 

BankNifty Outlook

bank nifty 04 september 2020 www.finvestonline.com

BankNifty is not participating in the Market right now and without participation of BankNifty it is very difficult for the market to go up.

BankNifty today also remain and traded whole day in a sideways and unfortunately it closes at the lower end of the sideways trend.

This is a very negative sign for the market, it indicates that the tomorrow market will open gap down .

As of now chart suggest that Nifty will open 100 to 150 points gap down and BankNifty will open 200 to 400 points gap down.

And after this gap down opening market can go further downside or bounce depends on how market trades in the first half trading session and further more than this cannot be predicted right now  for tomorrow.

Now   Market probability of going down is now increased , Now long position in the market should be avoided and be cautious. 


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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