04th Sep 2024 | USA Market Finished in Red, bank Nifty Expiry Today

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NIFTY Prediction

Nifty opened flat and remained range-bound throughout the day, closing slightly higher with a gain of around 1 point. The daily charts show that the Nifty has been gradually moving upwards, supported by sector rotation. We plan to stay with this upward trend. On the upside, we anticipate the Nifty reaching levels between 25,500 and 26,000. On the downside, the key support range is set between 25,200 and 24,900.

BANK NIFTY Prediction

Bank Nifty is currently showing a positive trend. If you have long positions, it is advisable to continue holding them with a daily closing stop loss set at 51,029. Bank Nifty has begun to show upward momentum, moving towards the 52,000 – 52,500 range. From a short-term perspective, the support level has shifted higher to the 51,500 – 51,000 zone.

Breakout Stock for Trading (Future, Option & Swing Trading) with Last Day Breakout

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