Stock Market

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Nifty and Banknifty Prediction for 27 October 2023

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Markets were under tremendous selling pressure as Foreign Institutional Investors are dumping stocks on a large scale. One of the key reason can be “Entry of Israeli forces in northern Gaza” which spread a fear sentiment worldwide. In this post Nifty and Banknifty prediction for 27 October 2023, we will see where Sensex expiry can end. Markets are highly oversold and Nifty is standing on 200 DMA. In yesterday’s post, we expected a pullback but market opened gap down and started falling like a knife. But we still believe a sharp up move is due either for reversal or for further fall. So, we advise our readers to not short at this level, they should wait for a pullback. FII’s sold ₹7702 crores worth of stocks in capital markets today.

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Nifty and Banknifty Prediction for 26 October 2023

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Indian Markets again fell today and continued its back to back losing streak due to Geopolitical tussle, volatility in global markets, US 10 year bond yield spiked to 5% and crude sustaining around $90 were major reasons for the fall. In this post Nifty and Banknifty prediction for 26 October 2023, we will discuss tomorrow’s market outlook as we have Nifty, Bank Nifty and monthly expiry too. Markets are highly Oversold and PCR is touching ground. So, a strong bounce is highly possible tomorrow and expiry can end in green. F.I.I’s continued there ruthless selling by dumping ₹4236 crores worth of stocks in capital markets today.

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Nifty and Banknifty Prediction for 23 October 2023

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Indian Markets opened gap down on Friday and instantly filled the gap upside after opening then went sideways. We predicted that market will be sideways to Bearish for Friday and same happened. Monday is Finnifty and Nifty Midcap expiry and global markets signaling a gap down opening. However, ICICI Bank and Kotak Bank results are good and average respectively. In this post, Nifty and Banknifty Prediction for 23 October 2023, we will do expiry analysis as well as results impact on market. F.I.I’s surprisingly bought ₹456 crores worth of stocks in capital markets on Friday.

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Nifty and Banknifty Prediction for 19 October 2023

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Markets were under heavy selling pressure today because of increasing geopolitical tensions between Israel and Arab countries. Increasing crude oil price is very bad for developing economies like INDIA and can be one of the reason for fall. However, daily time frame chart of Banknifty was depicting this fall as H&S pattern was formed. Today it was Nifty bank expiry which dragged Nifty too. In this post, Nifty and Banknifty prediction for 19 October 2023, we will do Nifty expiry analysis. Banknifty is at important juncture and as per the market nature, follow up selling comes after initial one. If this won’t occur then we may have a relief rally tomorrow before further fall, provided global sentiment remains stable. F.I.I sold ₹1831 crores worth of stocks in capital markets today. If you have read our Monday’s post, we have already predicted that market’s bigger trend is Bearish.

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Nifty and Banknifty Prediction for 16 October 2023

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Stock Market opened gap down on Friday and first 3 hour it went rangebound. After 1 P.M it shoot up and filled the whole gap upside because Supreme court took decision of deferring Adani-Hindenburg case to further date also India’s inflation data was very promising standing at 5.02% from forecast of 5.50% by economists. However, market lost all its gain till closing and Banknifty closed at day’s low. We have HDFC bank result on Monday which can drive market direction. In this post nifty and banknifty prediction for 16 October 2023, we will do analysis for Monday’s market behaviour. Also, Nifty Midcap index has its expiry on Monday. We will also cover it in this post. F.I.I’s were net buyer, they bought around ₹317 crores in capital markets after months and months of relentless selling. There is a possibility that they are stretching market upside and inflating premiums, So that they can sell at Highs. So, new investment at this spot is strictly not advisable because as per our reading, this is time to book profits or let market correct as bigger trend signals Bearishness.

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Nifty and Banknifty Prediction for 9 October 2023

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Indian market opened gap up today due to stable global sentiment and went sideways whole day. R.B.I’s M.P.C was scheduled today and they decided to maintain the status quo, with repo rate kept unchanged at 6.50%. However, they surprised market by taking decision to Sale Bonds, to soak up excess funds from the banking system, so that INDIA don’t dive in inflation. In this post nifty and banknifty prediction for 9 October 2023, we will do analysis for Monday’s market behaviour. As per option chain reading, market is stuck in a range, one sided move will only come if upside or downside levels are broken. F.I.I’s are still selling relentlessly as they again sold ₹90 crores in capital markets today.

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Nifty and Banknifty Prediction for 5 October 2023

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Indian market opened gap down due to global cues. Analysts at FINSITED predicted that directional move will come only when we break important levels either upside or downside but due to bad global sentiment, we opened gap down and wasted whole trading session in rangebound. Today was Banknifty expiry, Put sellers unwinded there position immediately after opening leading to some more fall. In this post nifty and banknifty prediction for 5 October 2023, we will do analysis for Thursday’s market behaviour. Tomorrow is Nifty expiry and as far our reading, there is higher chance of market behaving rangebound to bullish. Bullishness can only be possible if global cue remains neutral. There is negligible chance of further down move as we are in oversold zone. F.I.I’s are still selling relentlessly as they again sold ₹4424 crores in market today.

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