Nifty and Banknifty prediction for Today 09 August 2021 (Monday)

  • SGX NIFTY is already trading down with almost 20-25 points down and trading near 16243   NIFTY will also follow this.

on Friday  Nifty has made a high near 16350 and close near 16230 almost 120 points  Down.

So which levels you need to follow for NIFTY and Banknifty for today market .

nifty analysis for tomorrow

Now you can check the charts above . now Nifty is trading near 16250 so where to need to entry in short side or long side .

As you can see there is a gap in nifty so NIfty may fill that gap tomorrow as well and may take support their so you can short for some targets near gap .

Scenario -1: If nifty not sustains 16250 you can take a short entry for some targets .

Short Near 16200-  target- 16180 -16150

Scenario -2: If nifty sustains 16250 for some time it may go up to 16280-16300.

buy near 16250 target -16280-16300

Banknifty:

Scenario -1: If banknifty not sustains 35600 level for some time it may fall till 35300-35200

Short Near 35600.-  target 35300-35200 and so on

Scenario -2: If Banknifty comes near its support zone of 35600  and hold some time this level you need to buy for next targets.

Buy near 35600 .-target 35800- 36000

 

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