Bank Nifty Tomorrow Prediction

Bank Nifty Tomorrow Prediction And Experts View

Here on daily basis predictions on Bank nifty for next day will be shared. These shared predictions may help traders & investors to know the right range, trend as well as right time of trading in bank nifty.

DISCLAIMER : I am not a S.E.B.I. registered advisor, all my views are only for educational purposes & hence I shall not be responsible for your loss or profits that you make out of any trades on the basis of inputs given on this page.

Bank Nifty Prediction Today and Tomorrow onwards

So, after completing journey till 43619 successfully, now bank nifty’s all buy position is supposed to get squared off.
If someone wish to go short than consider upcoming 19/5 date’s Low price as a very important trigger point which has to be broken with a day closing basis.
As per price time square, after 43619, bank nifty is supposed to reach 44266 by today itself. It seems difficult as bank nifty resisted from 44144 instead 44266.
As per Gann square of 52, bank nifty’s valid range till next 19/5 is 44432 upside and downside 43153.

The bottom line would be, don’t go short until either bank nifty does close below 5/5/23 Low price or below coming day 19/5 low price.

Updated Result Of Using Price Time Square prediction on bank nifty

Looking for insights on the future of Bank Nifty, as well as predictions starting from May 2nd, 2023 and beyond?

As mentioned in 26/4/23 date’s prediction, bank nifty faced little resistance at 43452 ( just after touching it ).
Now levels of 28/4/23 date is important for bank nifty. Low price of 28/4/23 42810 is very important. If we are closing below this level on daily basis, consider that down turn has started.
Earlier given target as per price time square till 8/5/23 ( 43619 ) is still valid, here, SL is revised from 42601 to 42801 ( LP of 28/4 ).
Going forward, as per Gann Time Cycle, next important date for bank nifty is 5/5/23 and for Nifty it is 8/5/23.
Today As per Gann Circle if bank nifty reaches 44100 before 2:30, in intraday sell side trade can be taken for 150 points.
12:15 onwards, In intraday, any 5 mins candle closing below 43410 shall be a good opportunity for sell side trade ( SL-43447 Closing basis ). Vice-a-versa, any 15 minutes candle closing above 43447 shall be a good opportunity for a buy side trade ( SL – 43410 closing basis )

Bank Nifty Tomorrow Prediction for 27/4/23 onwards :

Important note :
Specifically 24/4 onwards, even though till date had mentioned the trend is bullish THOUGH NOT SUPPOSE TO BUY at this levels. Its prudent to postpone planing of going short until the ongoing trend settles and ends.

Bank nifty is still bullish and reacting as expected. Earlier shared that if 19/4/23 date’s high price is reclaimed by closing above then it can be considered as a bullish signal ( refer previous day’s predictions for this )
Till now bank nifty is 500 points up from mentioned level 42382.
Revised target 43619 is still valid and expected to meet by 8/5/23.
Low price of 25/4 42601 has to be now trailing SL ( closing basis )
Earlier 19/4/23 was an important date. Now we need to focus on 25/4/23 and 2/5/23. Low price of 25/4 ( 42,601 ) and Low price of upcoming date 2/5/23 will be very important.

Prediction for 26/4/23 onwards :

Bank nifty remained bullish above High price of 19/4 which was 42378, today made high of 42865 and closed at 42678.
Earlier Target 43513. is revised at 43619 now and its valid till 08/5/23.
Low price of 19/4 42022 is trailing SL ( closing basis )
Important levels for intraday trading in bank nifty is still same as mentioned earlier as given below :
Resistance – 43452
Tomorrow 26/4 is also an 81th trading bar from 26/12/22. On 26/12/22 we witnessed huge move in one day so be prepared for it 26/4/23 onwards as well.
Click on 81 trading bars to know more.
Important time of bank nifty for trading on 26/4/23 is
given below :
13:28. Mark high & low price of this given time’s 5 minutes price candle.
If bank nifty crosses & closes above the high price of given time’s 5 minutes candle, its a buy signal & low price of that 5 minutes price candle becomes stop-loss on closing basis.
Same way if bank nifty breaks & closes below the low price of mentioned time’s 5 minutes candle, its a sell signal & high price of that 5 minutes price candle becomes stop-loss on closing basis.

Prediction for 25/4/23 onwards :

Bank nifty closed above 19/4/23 date’s High price which was 42,339 and has emitted bullish signal ! ( as mentioned below in “bank nifty tomorrow prediction for 24/4/23 onwards” in point 2 )
Target 43513 remains due and valid till 26/4/23.
Low price of 19/4 42022 is trailing SL ( closing basis )
Important levels for intraday trading in bank nifty are mentioned below :
Resistance – 43452
Important time of bank nifty for trading on 25/4/23 are given below :
10:03 | 11:49 | 13:10 | 13:27 | 14:20 | Mark high & low price of these given time’s 5 minutes price candle.
If bank nifty crosses & closes above the high price of given time’s 5 minutes candle, its a buy signal & low price of that 5 minutes price candle becomes stop-loss on closing basis.
Same way if bank nifty breaks & closes below the low price of mentioned time’s 5 minutes candle, its a sell signal & high price of that 5 minutes price candle becomes stop-loss on closing basis.

Prediction for 24/4/23 onwards :

Weekly important bank nifty levels are 42516 and 41407, this levels are valid till 28/4/23.
Important date of April’23 month is 19/4/23, High price & Low price of 19/4 are 42339 & 42022. Mark them on your chart. We need either a closing above 42339 for bullish view or closing below 42022 for bearish view.
Important time of bank nifty for trading on 24/4/23 are given below :
10:01 | 11:26 | 14:20 | Mark high & low price of these given time’s 5 minutes price candle.
If bank nifty crosses & closes above the high price of given time’s 5 minutes candle, its a buy signal & low price of that 5 minutes price candle becomes stop-loss on closing basis.
Same way if bank nifty breaks & closes below the low price of mentioned time’s 5 minutes candle, its a sell signal & high price of that 5 minutes price candle becomes stop-loss on closing basis.
As per Price Time Squaring :
Until Bank nifty does not close below 41332, till 26/4/23 it can touch 43513. To support this movement Bank nifty now should not break 19/4 Low price on closing basis & it has to give at-least 1 day closing above 19/4/23 high price i.e. 42516.
Important levels for intraday trading in bank nifty are mentioned below :
Resistance – 42330 & 42241
Support – 41881