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Nifty & Bank-Nifty Prediction for Tomorrow, Oct 18 2023

Nifty & Bank-Nifty Prediction for Tomorrow, Oct 18 2023

Nifty & Bank-Nifty Prediction for Tomorrow, Oct 18 2023

 SENSEX Prediction for Tomorrow, October 18, 2023 

Current Trend: Positive 

Long Positions: Hold with daily closing stop-loss of 65,943

Short Positions: Initiate fresh short positions if Sensex closes below 65,943 levels

Support Levels: 66,305, 66,182, 66,054

Resistance Levels: 66,556, 66,683, 66,806

In simpler terms:

The SENSEX is currently in a positive trend, meaning that it is expected to rise in the short term. If you are holding long positions, you should continue to hold them, but you should set a daily closing stop-loss of 65,943. This means that you will sell your shares if the SENSEX closes below 65,943 on any given day.

If you are not currently holding any long positions, you can initiate fresh short positions if the SENSEX closes below 65,943 levels. This means that you will sell shares that you do not own and buy them back later at a lower price.

The SENSEX has three support levels and three resistance levels. Support levels are prices at which the SENSEX is expected to find support and bounce back. Resistance levels are prices at which the SENSEX is expected to face resistance and sell-off.

The support levels for the SENSEX are 66,305, 66,182, and 66,054. The resistance levels for the SENSEX are 66,556, 66,683, and 66,806.

Please note: This is just a prediction and the SENSEX could move in any direction at any time. It is important to do your own research and make your own investment decisions.

Additional notes:

The SENSEX is an index of the 30 most liquid and actively traded stocks on the Bombay Stock Exchange (BSE). It is a good indicator of the overall performance of the Indian stock market.

The SENSEX is currently in a positive trend, but it is important to note that the stock market can be volatile. It is always important to have a stop-loss in place to limit your losses.

If you are considering shorting the SENSEX, it is important to do your research and understand the risks involved. Shorting is a risky strategy and can lead to significant losses if the market moves against you.

 NIFTY Prediction for Tomorrow, October 18, 2023 

Current Trend: Positive

Long Positions: Hold with daily closing stop-loss of 19,667

Short Positions: Initiate fresh short positions if Nifty closes below 19,667 levels

Support Levels: 19,775, 19,738, 19,701

Resistance Levels: 19,849, 19,886, 19,923

In simpler terms:

The NIFTY is currently in a positive trend, meaning that it is expected to rise in the short term. If you are holding long positions, you should continue to hold them, but you should set a daily closing stop-loss of 19,667. This means that you will sell your shares if the NIFTY closes below 19,667 on any given day.Prediction

If you are not currently holding any long positions, you can initiate fresh short positions if the NIFTY closes below 19,667 levels. This means that you will sell shares that you do not own and buy them back later at a lower price.Prediction

The NIFTY has three support levels and three resistance levels. Support levels are prices at which the NIFTY is expected to find support and bounce back. Resistance levels are prices at which the NIFTY is expected to face resistance and sell-off. Prediction

The support levels for the NIFTY are 19,775, 19,738, and 19,701. The resistance levels for the NIFTY are 19,849, 19,886, and 19,923.

Please note: This is just a prediction and the NIFTY could move in any direction at any time. It is important to do your own research and make your own investment decisions.Prediction

Additional notes:

The NIFTY is an index of the 50 most liquid and actively traded stocks on the National Stock Exchange (NSE). It is a good indicator of the overall performance of the Indian stock market.

The NIFTY is currently in a positive trend, but it is important to note that the stock market can be volatile. It is always important to have a stop-loss in place to limit your losses.

If you are considering shorting the NIFTY, it is important to do your research and understand the risks involved. Shorting is a risky strategy and can lead to significant losses if the market moves against you.

 BANKNIFTY Prediction for Tomorrow, October 18, 2023 

Current Trend: Positive

Long Positions: Hold with daily closing stop-loss of 44,181

Short Positions: Initiate fresh short positions if Banknifty closes below 44,181 levels

Support Levels: 44,301, 44,193, 44,048

Resistance Levels: 44,554, 44,698, 44,807

In simpler terms:

The BANKNIFTY is currently in a positive trend, meaning that it is expected to rise in the short term. If you are holding long positions, you should continue to hold them, but you should set a daily closing stop-loss of 44,181. This means that you will sell your shares if the BANKNIFTY closes below 44,181 on any given day.

If you are not currently holding any long positions, you can initiate fresh short positions if the BANKNIFTY closes below 44,181 levels. This means that you will sell shares that you do not own and buy them back later at a lower price.

The BANKNIFTY has three support levels and three resistance levels. Support levels are prices at which the BANKNIFTY is expected to find support and bounce back. Resistance levels are prices at which the BANKNIFTY is expected to face resistance and sell-off.

The support levels for the BANKNIFTY are 44,301, 44,193, and 44,048. The resistance levels for the BANKNIFTY are 44,554, 44,698, and 44,807. Prediction

Please note: This is just a prediction and the BANKNIFTY could move in any direction at any time. It is important to do your own research and make your own investment decisions.

Additional notes:

The BANKNIFTY is an index of the 12 most liquid and actively traded banking stocks on the National Stock Exchange (NSE). It is a good indicator of the overall performance of the Indian banking sector.

The BANKNIFTY is currently in a positive trend, but it is important to note that the stock market can be volatile. It is always important to have a stop-loss in place to limit your losses.

If you are considering shorting the BANKNIFTY, it is important to do your research and understand the risks involved. Shorting is a risky strategy and can lead to significant losses if the market moves against you.

 Finnifty Prediction for Tomorrow, October 18, 2023 

Current Trend: Positive

Long Positions: Hold with daily closing stop-loss of 19,775

Short Positions: Initiate fresh short positions if Finnifty closes below 19,775 levels

Support Levels: 19,914, 19,885, 19,851

Resistance Levels: 19,977, 20,011, 20,040

Additional notes:

  • The Finnifty is an index of the most liquid and actively traded financial stocks in India. It is a good indicator of the overall performance of the Indian financial sector.
  • The Finnifty is currently in a positive trend, but it is important to note that the stock market can be volatile. It is always important to have a stop-loss in place to limit your losses. Prediction
  • If you are considering shorting the Finnifty, it is important to do your research and understand the risks involved. Shorting is a risky strategy and can lead to significant losses if the market moves against you. Prediction

Disclaimer: This is just a prediction and the Finnifty could move in any direction at any time. It is important to do your own research and make your own investment decisions. Prediction

 TODAYS MARKETS INSIGHT 

The Nifty started the day on a positive note, opening 110 points higher. It then traded in a narrow range of 40 points during the first half of the trading session. In the second half, the index came under some selling pressure but managed to close in the top half of the candle and reclaimed its 21-DMA. All sectoral indices closed higher, with PSU Bank (+0.5%) and Financial Services (+0.7%) being the top gainers. Prediction

In simpler terms, the Nifty started the day strong and ended it even stronger, despite some selling pressure in the afternoon. All sectors closed higher, with PSU Bank and Financial Services being the top performers. This suggests that there is strong buying interest in the market and that investors are becoming more confident about the outlook for the Indian economy. Prediction

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