Advance Prediction Nifty and Bank Nifty for Tomorrow 17th Aug 2020
NIFTY 50
On Friday Nifty 50 closed on 11178.4 points with a total drop of approx 122 points compared to previous day close.Complete week Nifty 50 was fighting to be stable on 11200 point . On Friday Nifty 50 stocks performance chart;
Top Five Gainer's Are;
JSW Steel, Coal India, Sun Pharma, Cipla, & Ntpc.
Top Five Loser's Are;
Eicher Motor, Tata Motors, M&M, Axis Bank, & Bajaj Finance.
NIFTY 50 TOMORROW
As per time cycle analysis here it is a chance that tomorrow Nifty 50 will try to gain approx. 110 points. Tomorrow Nifty 50 will perform well and it is a great chance that Nifty 50 will cross 11250 points level. However don't forgot to check NASDAQ & SGX Nifty tomorrow along with this time cycle prediction.Here I have attached Gann chart based on Nifty 50 historical data for your better understanding;
As per Gann chart you can see that Nifty 50 will follow upward trend tomorrow . Tomorrow 11150 points will act as support for Nifty 50 .Tomorrow Nifty 50 will open green and will cross the level of 11250 and 11280 points will act as the resistance for Nifty 50 tomorrow.
NIFTY BANK
On Friday bank Nifty got a drop of approx 517 points compared to previous day close and finally closed at 21679.40 points.Bank Nifty will also try to perform well like nifty 50 tomorrow. Bank Nifty stocks performance chart on Friday;
On Friday Top Loser's Are;
Bank Of Baroda, RBL Bank, IDFC, PNB, SBIN, Federal Bank, & Axis Bank.
NIFTY BANK TOMORROW
As per time cycle analysis here it is a chance that tomorrow Bank Nifty will try to gain approx 400 points. Tomorrow Bank Nifty will try to cross the level of 22000 points.Here I have attached Gann chart based on Bank Nifty historical data for your better understanding;
As per Gann chart you can see that Bank Nifty next trend for tomorrow will be of gain . Tomorrow for Bank Nifty 21100 points will act as support and tomorrow it is very less chance that Bank Nifty will go down below 21500 and it will try to achieve the level of 22000 points and in upward movement 22100 points will be the great resistance for Bank Nifty tomorrow.
Above all prediction are based on my own thoughts,analysis, and researches. It may not be accurate as predicted.All prediction are done based on my own analysis and references are taken from time cycle and gann chart.
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