Nifty & Bank Nifty Prediction For Monday, 25 September 2023: There are many questions and doubts arising into retail trader’s minds like Whether Nifty & Bank Nifty Will continue to fall on Monday as well? Or Market will start recovery.
During the last session on Friday, Nifty & Nifty Bank both indices remained volatile but still traders made good profits in both Call and Put sides. Overall, trend remained Bearish and both indices closed in Red by end of the session.
In this post, we will discuss the factual conditions to predict the Nifty and Bank Nifty movement for Monday, 25 September 2023.
Bank Nifty Prediction for Monday, Sept 25, 2023
| Index | Opening Value | Predicted High | Predicted Low | Closing Prediction |
|---|---|---|---|---|
| Nifty Bank | 44650 | 45000 | 44155 | Between 45000-44155 |
Bank Nifty closed at its support level of of 44600 on Friday which is a very important level to decide the market trend for next week.
The Next important Levels for Banknfity are as follows:
Support Levels
- 44460
- 44385
- 44146
Resistance Levels
- 45000
- 45200
- 45450
Option Chain
As per option chain data, CE writers are more than PE writers at the current At the Money Strike Price, which indicates Bearish Trend.
Nifty Prediction for Monday, Sept 25, 2023
| Index | Opening Value | Predicted High | Predicted Low | Closing Prediction |
|---|---|---|---|---|
| Nifty | 19690 | 19770 | 19620 | Between 19620-19770 |
Nifty is also trading at the support level of 19670, the deciding levels for Nifty Trend on Monday are as follows:
Support Levels
- 19620
- 19560
- 19490
Resistance Levels
- 19770
- 19820
- 19900
Option Chain
As per technical analysis and Options data analysis Nifty is Bearish and may continue to fall on Monday as well. We can also see a gap down opening based on the current world markets.
Conclusion
Global Data and Sentiment is also Negative for Monday. Keep a track of Global Markets and align the sentiment with the levels given and make your positions accordingly.
Happy Trading!
