To trade in the stock market it is very important to know the levels of the Nifty and Banknifty overall predictions for the week. Now bear trap is going on to make out from the market for the timing.
Well, Nifty Index Futures closed above 9000 is a good sign for long and few short covering too can be seen in todays trading. Buy Nifty Futures with a target between 9000-10000. For short term trade one can buy nifty indices with a stoploss of 8700 and target 9500.
Similary, Banknifty is in a neutral position one can buy Banknifty Futures with a target 20500 and stop loss should be around 18600. Short Banknifty above 20500 with a target of buying stoploss 18600. Banknifty can be weak candidate due to EMI moratorium.
Well I hope Covid-19 vaccine come soon and again we can get back to work as normal. Stay tune with us for more live updates on Equity market.