Advance Prediction Nifty and Bank Nifty for Tomorrow 31st Aug 2020
NIFTY 50
On Friday Nifty 50 closed on 11647.60 points with a total gain of approx 88 points compared to previous day close.Last complete week Nifty 50 shown its bullish behavior . On Friday Nifty 50 stocks performance chart;
Top Five Gainer's Are;
Indus Ind Bank, Axis Bank, , UPL, ICICI, & SBIN.
Top Five Loser's Are;
JSW Steel , Hero motor, Power Grid, Dr Reddy, & Infy.
NIFTY 50 LEVEL TOMORROW
Last Friday Nifty 50 gain was due to high rally in banking sector and on coming Monday here it is chance that Nifty 50 will be driven by reliance industries.As per time cycle analysis here it is a chance that tomorrow Nifty 50 will try to gain approx. 100 points. Tomorrow Nifty 50 will perform well and will open green and it will try to achieve the level of 11750 and also here it is a great chance that Nifty will be full day bullish tomorrow. 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 11600 points will act as support for Nifty 50 .Tomorrow Nifty 50 will open green and may cross the level of 11750 and 11750 points level will act as the resistance for Nifty 50 tomorrow on Monday. Tomorrow Nifty 50 will range between 11650 to 11750
NIFTY BANK
On Friday bank Nifty got gain of approx 924 points compared to previous day close and finally closed at 24523.80 points.On Friday high rally was seen in Bank Nifty.Tomorrow again good rally can be seen in Bank Nifty. Friday's Bank Nifty stocks performance chart ;
On Friday Top Five Gainer's Are;
Indus Ind bank, Federal Bank, Axis Bank, Bank Of Baroda, & PNB.
NIFTY BANK TOMORROW
As per time cycle analysis here it is a chance that tomorrow Bank Nifty will try to gain approx 572 points. Tomorrow Bank Nifty will try to cross the level of 25000 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 24000 points will act as support and tomorrow it is very less chance that Bank Nifty will go down below 24000 and it will try to achieve the new level of 25000 points and in upward movement 25000 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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