Bank Nifty And Nifty Intraday Prediction for Tomorrow 7th July 2023:- We have seen high volatility in both Nifty and Bank Nifty today, Because of the weekly expiry. Bank Nifty opened gap down at 45082 levels, which is 115 points from yesterday's closing level of 45197. After that Bank Nifty moves taking the support on 45044 levels and made a high of 45417 levels.
Now when looks in to Nifty, Nifty also opened gap down at 19391 which is 24 points down from yesterday's closing point of 19415 levels. After Gap down opening Nifty moves continuously upside and made a high of 19511, which is a strong resistance levels for Nifty as shown below.
Other than IT and FMCG, almost all the sectoral indices closed at green today. Among them, Reality, Energy, and Media gain the highest. Also Sensex moved over 0.52 percent today at closing. Almost after the Gap down opening in the market its almost positive side and we got Many opportunities for buying in Equity and Future segments.
Bank Nifty Latest Intraday Chart Analysis for tomorrow
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| Bank Nifty Latest Intraday Chart |
As you can see in the chart above Bank Nifty moved in a range, 45044 to 45350 levels today. So you can consider these levels are major support and Resistance for Bank Nifty for tomorrow. Also Price crossed at end of the day, but didn't sustain and came back to this range.
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Bank Nifty Supports and Resistances for Tomorrow
- Current market price of Bank Nifty- 45314
- Supports for Bank Nifty - 45044,44875,44750
- Resistance for Bank Nifty- 45350,45485,45650
- You can expect more movement above 45485
- You can expect more down movement below 45044
Nifty Latest Intraday Chart Analysis for tomorrow
Now we will look in to the Detailed intraday Chart analysis for Nifty for Tomorrow. Current closing price of bank nifty is at 19486. Which is below the major resistance level of 19511 and above the major support level of 19470. You can see good breakout above 19512 and can give you a new all time high for Nifty.
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| Nifty Latest Intraday Chart Analysis |
As you can see in this chart, You can see the intraday support levels of 19470, 19430,19415 levels. And one major resistance of 19512. Breakout above can give good up move in the market for tomorrow. So mark these levels for tomorrow's intraday entry. Also If the Nifty opens flat in current range between 19470 and 19512, can see a sideways market tomorrow. Further movement after breaking out from this range.
Nifty Supports and Resistances for Tomorrow
- Current market price of Nifty- 19486
- Supports for Nifty - 19470,19431,19416
- Resistance for Nifty- 19512
- You can expect more movement above 19512
- You can expect more down movement below 19470
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