Nifty prediction for tomorrow trend remains sideways. 18000-18250 remains a resistance while near-term support is around 17500-17600.
Bank Nifty Support
Bank Nifty Resistance
Nifty Prediction and commentary
Not much has changed from our last update. Nifty is sideways so while there is sideways consolidation happening in Nifty individual stocks would be good to trade. Different themes are moving and within those themes, there are a different set of stocks that are moving.
Use a bottom-up approach rather than a top-down approach for the next few days. We did go long in IEX, SBIN, and ITC (pure trading off course) and they are doing very well. If you would like to have an investment view then please click here.
Bank Nifty Prediction
Bank Nifty has good built up and resistance around 35600 levels and we should see Bank Nifty rallying once it gets past 35600 area. Near-term support for Bank Nifty is around the 37640 level.
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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.