Nifty and Banknifty Prediction for Tomorrow 23 August 2021

Hello friends and Traders in this post we will discuss about NIfty and banknifty levels for tomorrow with Technical analysis and that is  Based on Purely price action .

#Nifty has strong support near around 16350-16400 this 50 points zone should hold for tomorrow market because this 50 points zone has given market a good resistance so now it will act as support .

#points to be remember -if resitance breaks so now it acts like as a support now .

tomorrow nifty news ,expert view on nifty tomorrow

As you can clearly check in the above image NIfty is trading Near its support area so which levles we need to follow for tomorrow monday 23 august 2021.

Scenario -1: If Nifty holds 16350 for some time it may give good bounce so You can take a small SL and you can buy near 16350.

Buy near 16350-16370  target near 16450 – 16500

Note : You can wait till 16300 in buying side means you can take SL near 16300.

Scenario -2: If Nifty not holds 16300 you may see a major downfall till 16200-16150 .

Sell Below or Near  16300  target 16200-16150

Scenario -3: If NIfty gapped up tomorrow so don’t enter at upper levels, once nifty gives some fall so you may buy near 16350-16370 don’t buy at the upper side.

This Whole Analysis Based on Mt4 Ai based software You can Read more below about this .

Disclaimer : This analysis is totally based on my knowledge and my experience it may give you loss or profit so kindly contact your financial advisor before taking any trade . if you will losse i will not responsible for this .

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