Nifty & Banknifty Index Price Predictions Intraday
Today Nifty Index support level will be 8000 with upper resistance 8700. And BankNifty Index support level intraday is 17000 with upper resistance till 18800. You can follow these levels accordingly to trade intraday.
Nifty Index Future price previous close was just above the support level 8084 and Banknifty Index Future price previous close was 17175. I guess market will open with gap up nifty and banknifty too.
I would suggest those who kept short position can keep with strict stoploss in Nifty 8750. If it surpass cover your future short position and for fresh short levels for nifty is around 8900.
Similarly in Banknify futures short stoploss around 18900. And fresh short position can be made above 19000. Because it is a sell on rise market. Due to Covid-19 corona virus made the sentiments negative and weak for the timing so play accordingly with the index.
Stay tune for more update on Nifty and Banknifty Index Movement intraday.