Advance Prediction Nifty and Bank Nifty for Tomorrow 07th Aug 2020
NIFTY 50
Today Nifty 50 gained approx 99 points compared to previous day close and finally today closed at 11200.15 points.Nifty 50 is in gain from last 03 days including today. Today's Nifty 50 stocks performance chart;
Today's Top Five Gainer's Are;
Tata Steel, Infy, Bajaj Finance, & UPL
Today's Top Five Losers Are;
Eicher Motors, Shree Cement, Adani Ports, M&M, & DR Reddy
NIFTY 50 TOMORROW
As per time cycle analysis here it is a chance that tomorrow Nifty 50 will try to sustain at 11200 points. There is also chance that tomorrow drop upto 50 pints can be observed in Nifty 50 at the time of closing.However don't forget 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 have crossed their consecutive three days gain trend and now next pattern will follow the
small dip and that is
tomorrow. Tomorrow
11150 points will act as
support for Nifty 50 and tomorrow it is very less chance that Nifty 50 will go up and in upward movement
11250 points will be great
resistance.
NIFTY BANK
Today bank Nifty gained approx 133 points compared to previous day close and finally today closed at 21642.60 points.Bank Nifty is also in gain from last 03 days including today. Today's Bank Nifty stocks performance chart;
Today's Top Gainer's Are;
Icici Bank, Hdfc Bank, Indus Ind Bank, & Kotak Bank
Today's Top Loser's Are;
Bandhan Bank, PNB, Axis Bank, & RBL Bank
NIFTY BANK TOMORROW
As per time cycle analysis here it is a chance that tomorrow Bank Nifty will try to sustain at 21600 points. There is also chance that tomorrow drop upto 150 points can be observed in Bank Nifty at the time of closing.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 have crossed their consecutive three days gain trend and now next pattern will follow the same level to sustain at 21600 tomorrow. Tomorrow 21500 points will act as support for Bank Nifty and tomorrow it is very less chance that Nifty 50 will go up it will try to maintain the same level of 21600 points and in upward movement 21700 points will be great resistance.
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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