Bank Nifty Intraday Prediction for 18th April 2024:- After continuous fall in Bank Nifty for last 3 days, we can see Bank Nifty is taking the support and we will look in what will be upcoming Intraday targets for Bank Nifty for Tomorrow market, dated 18th April 2024. On Tuesday's market Bank Nifty slides down after Gap down to close at 288 points down, which is 0.60 percentage in red. Nifty fell almost 183 points in today's market, this is more than 0.60 percentage. We have Posted the Nifty Expiry special Intraday Trading setup for Tomorrow's market in Our previous Post and we have got a similar setup in Bank Nifty too.
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| Bank Nifty Intraday Prediction for 18th April 2024 |
In sectorial Indices, The IT stocks fell the most and was slipped more than 5 percentage in last 3 trading day's. The NSE volatility Index "India Vix" moved more than 1.18 percentage to 12. Nifty Midcap index also closed in lower over 0.09 percentage, small cap index moved up by 0.75 percentage. On the other side Sensex moved 456 points down, which is almost 0.62 percentage and the closing price is at 72943 levels.
You may also like to read our previous post about "Rising channel pattern formation in Bank Nifty"
Also, we all know that Stock market will be closed on Wednesday, April 17,2024 because of Ram Navami festival. And on Thursday We have Bank Nifty Next Expiry with 1 day less and we will see the intraday support and resistance levels for to day trading on Bank Nifty.
Bank Nifty Index Intraday Trading Prediction for 18th Thursday,2024
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| Bank Nifty Intraday Trading Prediction for 18th Thursday,2024 |
Bank Nifty price Opens Gap Down more than 320 points to open at 47435 levels from previous day Closing price of 47757 levels. After market opening Bank Nifty made a intraday Low of 47316 and traded in a Range as shown in the Trading view chart of Bank Nifty as given above. At the end of the Trading section we saw a recovery in Bank Nifty and broke the Range to make a intraday High of 47609 levels.
Bank Nifty Upside movement possible above 47600 levels to get a targets of 47730,48120 and 48770 levels in Coming days. If its not breaking this levels then there is a chance for bank Nifty to come back to this range and stay in it.
Bank Nifty Downside movement possible only below 47300 levels to hit 46977 and 46500 levels in coming days. But as we can see a breakout from the range, more chances are for upside movement in the Bank nifty for tomorrow. So wait for the market to open make the right decision for confirming the trend for Day trading.
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