What will be the next level for Nifty 50 Index?

The market witnessed some volatile movements and an attempt to hold the level around the Nifty 50 Index level of 17300. If the market sustains above the level of 17200-17250, it is expected to gain momentum, leading to an upside projection till 17400-17450 level.

What was the closing price of NIFTY 50 and Bank NIFTY?

Nifty 50 closed at 17,355 while Bank Nifty slipped 0.58\% to end at 36,471. Broader markets closed higher. For the September series, maximum Call Open Interest (OI) is placed at 17,500 strike, followed by 17,400 and 17,300. Meanwhile, maximum Put OI is placed at 17,000 strike, followed by 16,500 strike and 17,200.

What should be the opening of the Nifty?

Expecting a flat opening in case of Nifty. Nifty recovered well after testing that 11250 levels on closing and managed to close above next day CPR. Today’s CPR should act as a good support on flat opening and 17390 & 17430 should act as a strong resistance on upside. In case if 17430 taken on upside we can again see Nifty rallying on the upside.

Will Nifty move back to 17430 zone?

As long as Nifty CLOSE could hold above 17342 – we shall expect nifty to move back to 17430 zone. 13 hours ago Nifty 17353 -trend decider 17342. As long… What Is Quadruple Witching? What Is Quadruple Witching?

Can Bank NIFTY run upto 30200 level?

As you can seen in 1H time frame, Bank Nifty is forming a parallel channel pattern. And if we find levels, 29800 level is appearing as a resistance. If bank nifty breaks this level, it can run upto 30200 level. Before it bank nifty is stuck in a range between 29400 and 29700, if it gives breakout below or above this levels, it can test the channel.

Will Bank NIFTY take breakout of 36550?

For today’s session 36050 will act as an important downside support more chances banknifty will take reversal from this support level and continue it’s bullish rally. Upside if banknifty gives breakout of 36500 level and started trading above 36550 then…