InvestorQ : please give nifty and banknifty range for 3rd sep expiry
dipesh kantibhai wadhel made post

please give nifty and banknifty range for 3rd sep expiry

Answer
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sarah Leo answered.
4 weeks ago


You can expect the Nifty and the Bank Nifty to be rangebound with 2-3% range till September 03. The GDP on 31st August is already being anticipated at -20%. It will be a negative surprise only if it is very much worse than that. Otherwise be prepared for a rangebound closing of the indices for next week expiry of weekly F&O.


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Dinesh C Nagpal answered.
4 weeks ago


Nifty faces resistance for this August Settlement at 11550-600 and has strong support at 11400-350. A breach on either side will lead to a stronger trend. Bank Nifty on the other hand appears to be very strong with support at 22900-22600 and resistance at 23750-24250