Home ยป Stock Market Prediction for Nifty & Bank Nifty 08 Sep 2023

Stock Market Prediction for Nifty & Bank Nifty 08 Sep 2023


In Stock market today market continues to rise, with the Sensex gaining 385 points and the Nifty surpassing the 19,700 mark.

Stock Market Nifty Chart Prediction.

On September 7, the market concluded higher for the fifth consecutive session despite weak global cues, driven by gains in capital goods, banking, and realty sectors, with the Nifty reclaiming the crucial 19,700 level; at the close, the Sensex surged by 385.04 points (0.58 percent) to 66,265.56, while the Nifty increased by 116 points (0.59 percent) to 19,727; the market initially started flat due to weak global cues, but an afternoon rally in capital goods, banking, power, and realty stocks helped it close near the day’s high; notable gainers included Coal India, L&T, IndusInd Bank, SBI Life Insurance, and Tech Mahindra, while losers included Tata Consumer Products, M&M, Britannia Industries, Sun Pharma, and Infosys; all indices, except FMCG and pharma, traded in the green, with the bank, capital goods, PSU Bank, power, and realty sectors up 1-2 percent.

Prediction For Friday NIFTY can go up if it goes above 19800 or go down after the level of 19650 but all depend upon the Global cues.

There are good chances of market going in upward direction as today market was up  after opening flat  it could not hold its levels and started coming down. It takes support near 19500 and after that it recovered from its low to closed near days high. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 19800 or 19650 But all these aspects depend upon the Global cues.

Highest Call Writing at19,800 (1.1 CR)
Highest Put Writing at19,700 (2.2 CR)

Nifty Support and Resistance

Support 19525,19500
Resistance19650,19700

Bank Nifty Daily Chart Prediction

Prediction For Friday Bank NIFTY can go up if it goes above 44950 or go down after the level of 44650 but all depend upon the Global cues.

Today, BANK NIFTY opened flat  in morning but it came down below the level of 44400 after that there was recovery in bank nifty led by HDFC Bank and bank nifty brock it range of  44650. Today  bank nifty has again closed in green and closed above its critical level of 44800 which has made bank nifty strong again For Friday you can go with the strategy of buy on the dip.

Highest Call Writing at45000 (70 Lakhs)
Highest Put Writing at44800 (77 Lakhs)

Bank Nifty Support and Resistance

Support44650,44400
Resistance44950,45100


If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.

Also, Check out our article on Top of Cryptocurrencies to look for in 2023.


Leave a Reply

Your email address will not be published. Required fields are marked *