The traders belong to that fraternity who look forward to the working day and not to the weekend as they get addicted to the stock market and this is the reason they wait for the opening of the stock market on Monday. To help traders make money with peace of mind we are providing the levels for Monday Bank Nifty trading which can help you plan your trades in a better way.

Bank Nifty Prediction for Monday

Bank Nifty is likely to trade within a range of 38000-37000 in the coming week and we do not expect much fireworks as it is expected when corporate announcements will start coming in Oct month. We expect Asian markets to open on the lower side on their commencement and the likelihood of Bank Nifty opening on the lower side is on the higher side.

Nifty Prediction for Monday

Nifty resistance is at 17800 and support at 17450-17250. Please remember that the Nifty 17450 is good support and if that is broken we can see Nifty fall to 17250 levels. Asian markets are going to be opening on the lower sidetracking the American market and thus Nifty is also likely to open the gap down. Hope this Monday Nifty Prediction is of use for you to get a better planned day.

The trading range is on the higher side to higher VIX which means the volatility will be on the higher side.

Make use of our Bank Nifty Prediction for Monday to make money in the stock market by using a small capital of Rs 5000-10000 and trading in Bank Nifty options. The aim is to trade less but trade accurately.

Update

Today will be a gap down opening in Nifty. After opening up to 17435 level downside possible in nifty. At this level Nifty will face immediate support and possible it will continue it's bullish rally. Strong downside and trend reversal only possible if nifty starts trading below 17370 level in today's session. 

China Brewing Crisis

China is undergoing a crisis in form of its biggest real estate company Evergrande on verge of bankruptcy.

Its effect will be seen in market in days to come.

Better exit all profitable trades and wait on sidelines or keep booking profit quickly.

Purchases in full swing can be started from Oct

Trade light till end of Sep

Contagion by China

2020 : Corona

2021 : Evergrande

Watch video on the above issue below: 

Will Evergrande Crisis Snowball Like Lehman Brother Crisis of 2008?

There’s also growing belief that the Communist Party will engineer a “soft landing.” They have the resources and the political willpower to mitigate a catastrophe and maybe that’s precisely what they’ll do. Also bear in mind, unlike the US, the Chinese influence doesn’t extend as far. A real estate crisis in China will most certainly impact some nations and may even affect India, but it’s unlikely to be as damaging as the 2008 financial crisis.