Table of Contents
Keypoints of Nifty and Bank Nifty
- Positive Momentum: Nifty index continues its positive momentum, in line with global stock markets, thanks to a softer-than-expected US August payrolls report.
- Top Performers: Nifty PSU BANKS and METAL sectors shine with a notable 2.3% increase. Coal India’s stock price surges by 5%, driven by a 13% rise in August output. JIO FINANCIAL SERVICES sees a 3.8% increase, reaching Rs. 254.50.
- Factors Driving Sentiment: Positive sentiment is driven by short covering and bargain hunting activities, boosting bullish traders’ confidence.
- Support Levels: Strong support for Nifty is anticipated at the 19389 level.
- Technical Outlook: A shift towards a positive outlook would be confirmed if Nifty sustains trading above the 19757 mark.
- Key Threshold: Bullish control will be firmly established once Nifty surpasses the significant level of 19757.
Bank Nifty Chart
Bank Nifty Levels for 5 Sep Tomorrow Prediction and Analysis
| Date | Resistance Levels | Support Levels |
|---|---|---|
| 5 Sep | 44650 | 44300 |
| 44830 | 44150 | |
| 44970 | 44000 |
Nifty Chart
Nifty Levels for 5 Sep Tomorrow Prediction and Analysis
| Date | Resistance Levels | Support Levels |
|---|---|---|
| 5 Sep | 19550 | 19490 |
| 19630 | 19430 | |
| 19670 | 19370 |
Conclusion for Nifty And Bank Nifty Levels.
Traders should closely monitor the support and resistance levels mentioned in this analysis to make informed decisions in a potentially volatile market environment.
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Disclaimer for Nifty And Bank Nifty Levels:
The information provided in this blog post is for educational and informational purposes only. It should not be construed as financial advice or a recommendation to buy or sell any securities. Always do your own research and consult with a qualified financial advisor before making investment decisions
