Nifty Prediction for tomorrow 13-10-2021

Nifty prediction for tomorrow trend remains sideways. 18000-18250 remains a resistance while near-term support is around 17500-17600.

Nifty Trend

Sideways

Support

17500-17600

Resistance

18000-18250

Bank Nifty Support

37640

Bank Nifty Resistance

38650

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.


Get Free Live updates from us during market hours. Message/Call me on 95 6316 6316 to know more.


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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