Nifty, Bank Nifty Prediction for Tomorrow: The whole trading session for Monday remained volatile in Indian Stock Indices but managed to close in green after a streak of continuous selling pressure from last few days.
Nifty closed positive by 0.30% creating a low at 19601 and High at 19734. There has been advancement in 24 stocks, decline in 25 stocks and 1 remained unchanged in the Nifty 50 Stocks Today.
In this post, we will present our analysis based Nifty, Bank Nifty prediction and Trade Setup for Tomorrow. We are sharing this prediction based on our own analysis for Educational Purpose only, please practice in Paper Trading Only.
Nifty Prediction & Trade Setup For Tomorrow ( 26 September 2023)
Nifty Prediction for Tomorrow is Bullish until it remains above the level of 19600. The first towards bullish side is 19770 and second target will be 19840.
Bullish trade setup can be planned at the 19650 Level and if you are already holding a Bullish position, then book 50% quantity at 19700 Level and trail the remaining for next target.
In another Scenario, market can behave sideways between the levels of 19640 to 19720. Option Buyers should avoid trading in sideways market because of premium decay.
Bank Nifty Prediction & Trade Setup For Tomorrow ( 26 September 2023)
Bank Nifty Prediction for Tomorrow is also Bullish as we can see a short covering upto the 50% levels from previous impulsive Selling.
If you are holding CE as BTST, then hold for the target 44980 and fresh entry can be planned at 44678. The second target for Bullish side is 45100.
Plan for Bearish Trades only if you see a rejection and Bearish Candlesticks Pattern at 45000 Level. Maintain strict stop loss and trade with proper risk management to stay relaxed which is very important for a trader to become Profitable.
Happy Trading!
