MarketsWithKR

Nifty #ToTheMoon? Nifty & Banknifty analysis with levels in 5min

NSE:NIFTY   Nifty 50 Index
Despite the lack of momentum in the first half, the markets were able to recover, with Nifty nearly touching 15,700. Banknifty showed strength, too

As an option buyer, if you were able to manage the first half well (by either scalping or not trading), you could have entered using a simple setup in the second half to capture the rally. Overall, choppiness seemed to be a little lesser except for a few instances.

Momentum appears good so unless there's a major shift overnight or RBI policy announcement has a twist, the markets might be stable. Banknifty can test 35800 soon if it sustains current levels.

I also share my simple trade in Infosys that gave +5% ROI .

Important Nifty levels and Banknifty levels for tomorrow:

Levels for Nifty: 15,480, 15,590, 15,620, 15,680 -- 15,750
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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