BEARS ARE BACK? Nifty & Banknifty + Top Stocks & levels

NSE:NIFTY   Nifty 50 Index
#Nifty50 and #Banknifty both saw some stiff resistances in today's broad-market fall. This could be profit booking considering how the markets have gained consistently so far.

Generally, after a big move we have seen price consolidating or moving in a range-bound way, however today we saw several massive candles being formed. Option decay was fairly high, but buyers could have made decent returns in momentum.

Option sellers might have had a tough day if they were on the wrong side as option prices appeared to be moving a little fast.

All top stocks faced some resistance today, but that's natural as neither of them was particularly bullish , to begin with.

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, 34,644, 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 :)


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.