Nifty 50, Bank Nifty Forecast: Headed Up Or Down? Check Nifty 50, Bank Nifty, Index, Charts, Predictions, F&O outlook
Nifty 50, Bank Nifty forecast: NSE Nifty 50 is likely to trade between 16,150 and 16,350 in the coming trading session, Call and Put OI data suggests. Further upsides are likely once the immediate resistances of 16350 are taken out and weakness could emerge if the supports of 16150 are broken, said Raushan Kumar, Derivative Analyst, IIFL Securities. Bank Nifty is expected to remain under pressure and needs to break out above 36,200 for meaningful upside. The Bank Nifty is just 4 per cent away from its record high of 37708; experts say that the expected trading range for the current expiry for Bank Nifty can be 35800-36600. On the last weekly F&O expiry day (Thursday), Nifty settled near 16300 after surging to a fresh lifetime high of 16349.45; while Bank Nifty closed above 35,800 after hitting 36115.45.