Nifty & Banknifty analysis for 1.6.21 with levels in 5 minutes

NSE:NIFTY   Nifty 50 Index
Nifty saw yet another strong day, closing well above 15,500 and nearly testing 15,600 levels. Banknifty trend appears bullish too, even though it's still 5.7% away from its ATH. But that might mean that BNF can play catch-up very soon.

Nifty creating yet another high and closing above the 15.5k mark is a very bullish sign, but in the past, we have seen a correction after ATH, especially after breaching important zones. Banknifty has closed just shy of 35.5k and India VIX has closed below 17 which is a big feat!

Important Nifty levels and Banknifty levels for tomorrow:

Levels for Nifty: 15,340, 15,385, 15,420, 15,431 -- 15,480, 15,590, 15,620, 15,680
Levels for Banknifty: 34,480, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515

What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)


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