Tuesday, September 22, 2020

Nifty and BankNifty, Stock Market Tomorrow Outlook 23 September 2020

 

 Nifty and BankNifty, Stock Market Tomorrow Outlook 23 September 2020 

Nifty: 11153 - 96
 BankNifty: 21139 -227

Stock Market Today 

 On account of weak global sentiments, the Indian indices extended its early morning losses and ended around 0.85 per cent below from its yesterday close after the closing bell today. 

The BSE Sensex crashed 290 points and closed at 37,743 levels while the NSE Nifty nosedived 96 points and closed at 11,153 levels. Bank Nifty index dipped 227 points and closed at 21,139 mark after the closing bell today.

Nifty Outlook

banknifty share price , www.finvestonline.com

Friends at the level of 11500 in Nifty we discussed that weakness started in Nifty and nearest price target in downside is at 10882 level.

Now Nifty fell about 400 points and currently trading at 11153. 

Nifty will tomorrow trade in a flat range that is no big movement will be seen in the first half of the market . In the second half of tomorrow session market will again start showing weakness and this is the Golden opportunity to take short position in Nifty or buy Nifty PUT Option. 

Tomorrow in the second half Short Nifty or Buy Put Option of Nifty. This is  a Golden Opportunity for expiry day trading. As on expiry day that is on Thursday market can fall sharply and do not miss this opportunity.

Remember that downside target is 11000 to 10882 . So if you short you will make huge profit.

BankNifty Outlook

banknifty share price , www.finvestonline.com

Friends we discussed earlier that BankNifty is very weak on charts and a sharp downside of 1000 to 1500 points can be seen in BankNifty. Now Banknifty is down 1000 points from our suggested level.

Now Banknifty will tomorrow trade in a flat range that is no big movement will be seen in the first half of the market . In the second half of tomorrow session market will again start showing weakness and this is the Golden opportunity to take short position in BankNifty or buy BankNifty PUT Option. 

Tomorrow in the second half Short BankNifty or Buy Put Option of BankNifty. This is  a Golden Opportunity for the expiry day trading . As on expiry day that is on Thursday market can fall sharply and do not miss this opportunity.

Remember that downside target is 21000 to 20500 . So if you short you will make huge profit.



Thanks for your Precious Time.


Finvest Online
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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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