Nifty Prediction Buy Banks on Dips

Nifty Prediction for tomorrow 22nd Oct 2021. Nifty trend remains sideways however banks will lead and front line banks like icici kotak sbin look good on dips.

Nifty Trend

Sideways

Resistance

18700

Support

17700

Bank Nifty Trend

Up

Resistance

41300

Support

39200

Nifty Prediction and commentary

Overall Nifty will remain sideways in a broad trading range however banks will lead the markets as predicted. We have longs in Icici Bank, Kotak bank from lower levels and we see that continuing to outperform the markets.


Stocks that have been lagging for the past few months should do well. Most stocks that are very expensive like Asian paints will see further underperformance in the near term.

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.


Regards,


Glen Drago


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