Nifty Prediction for tomorrow, Nifty Prediction 3rd May 2021

Nifty Prediction for tomorrow, Nifty Prediction today 3rd May 2021 trend remains up use dips towards quality supports to buy with strict stop loss.

In our last free Nifty Prediction update, we clearly mentioned that once the 14930 spot is crossed we will get good buying opportunities and we did buy some nifty futures booked partially during the day. Also, we did buy State Bank of India and that too is doing very well. We have added some more counters on the long side from a pure trading perspective and may add a few more on Monday.

Overall the trend remains up for now and though we can see some more downside (it is possible but not necessary) so if we do get them traders can look to go long with strict stop-loss levels. 

Nifty Prediction for tomorrow
Nifty Prediction for tomorrow

Bank Nifty Prediction for tomorrow

Bank Nifty is also in an uptrend however as mentioned we would like to pick  State bank of India and Icici bank as against buying bank nifty. Please don’t get me wrong bank nifty is also good however i just am personally more comfortable with the structure of icici bank and sbi. May also consider Axis Bank at an appropriate level.

Nifty Prediction, Bank Nifty Prediction given live to our clients during market hours 

[09:15, 4/30/2021] Glen Drago: Nifty buy 1 Part at cmp
[09:16, 4/30/2021] Glen Drago: Sbin buy 1 Part at cmp
[09:16, 4/30/2021] Glen Drago: Confirmation Nifty bought 1 part at 14745 spot level
[09:17, 4/30/2021] Glen Drago: Confirmation sbin bought 1 Part at 353 spot level mentioned
[09:30, 4/30/2021] Glen Drago: Nifty book 50 percent at 14820 (prefeed) spot level mentioned
[09:30, 4/30/2021] Glen Drago: Confirmation Nifty booked 50% at 14820 for buy done at 14745
[09:30, 4/30/2021] Glen Drago: Hold remaining 50 percent long qty as told

[14:10, 4/30/2021] Glen Drago: can touch the support zone and then break out of the channel for higher targets of 15250 or 15550 or even a fresh new high. Trend remains up and buy on dips should be the strategy that must be used. DO NOT SHORT SELL.
[14:12, 4/30/2021] Glen Drago: Icici Bank buy 1 Part at cmp
[14:13, 4/30/2021] Glen Drago: confirmation icici bank bought 1 part at 601 spot level mentioned

As usual, if you are only trading on the basis of this post please use your own risk management and then only trade. Please do not over-trade and always keep your risk in check. If you would like a free trial please click here now.

Regards,

Glen Drago

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