Nifty and Banknifty prediction for Today 05 August 2021 (Thrusday)

  • SGX NIFTY is already trading up with almost 20-25 points and trading near 16283   NIFTY will also follow this.

Yesterday Nifty and Banknifty has done big breakout and was fully bullish side .

Now for today which levels need to follow because today is expiry so we need to work with levels and you should also follow this .

so we will analyze NIfty and Banknifty Based on chart with tecnical analysis and will try to find the zones where we can take an entry .

From above chart you can see the supply zones that will give some resistance to nifty

Scenario -1: If nifty sustains 16270-16290 levels for some time it can move to higher side .

Buy above 16290.-  target – will move higher because no more resistance at upper levels but for this.. it need to sustains some time at 16270-16290

Scenario -2: If nifty not sustains 16270-16290 levels for some time it may slip down to near 16230 for taking support if this level sustains again you can see upmove because there is support lies on NIfty at this level.

Short Near 16270-16290 target 16230 if 16230 didn’t sustain it mai again fall till near 16150


Scenario -1: If banknifty not sustains 36000 level for some time it may fall till 35600

Short Near 36000 .-  target 35600-35400 and so on

Scenario -2: If Banknifty comes near its support zone of 35400 and hold some time this level you need to buy for next targets.

Buy above 35420.-target 35500- 35600


Best price action Software :-

If you are new in trading or you are already a experienced trader so you should Follow price action technique for finding best levels for entry and exit in any segment .

we have launched a system that is truly Based on Price action .You can try once .

  • 1 click analysis of all stocks.
  • All segments avaliable (Nse cash , MCX, options, futures, Bitcoin ,Currency pairs and indices of international market )
  • Based on MT4 AI Based software
  • It gives you intraday levels as well as positional , short term and long term levels also .
  • One click installation
  • Very light under 1.5 mb so you can use low end pc also or old pc also .
  • It takes very less internet connection.
  • All thing based on a dedicated server
  • We will provide this installation via Anydesk .
  • We also provide you a unique id and password for accessing this .
  • 24*7 customer support .


Mt4 ai based software



for more paid indicators click here

best intraday straetgey click here

Amibroker AFL click here