The important point is to follow the trend and don't look at targets. Better is to trail your stop loss and ride. Social media is abuzz with views ranging from trap rallies, relief rallies, structural rallies, etc. Don't try to give a name. For us, markets are going up and we will be invested till it reverses as per Dow theory.
Nifty. Clear support is placed at 18200. Any dip is a buying opportunity. Upside levels are not important.
BankNifty. It's on track for 43600 levels. ICICIBANK and HdfcBank has a total weight of more than 55%. Both the stock are bullish. Positional support is placed at 41600. Intraday support at 41900.
Nifty Prediction for Tomorrow by Experts
US Markets
The S&P 500 and Nasdaq ended sharply higher on Friday, extending a rally started the day before after a soft inflation reading raised hopes the Federal Reserve would turn less aggressive in raising the interest rates.
Update
SGX Nifty
Trends in SGX Nifty indicate a positive opening for the broader index in India with a gain of 52 points. The Nifty futures were trading around 18,488 levels on the Singapore exchange.
Asian Markets
Asian share markets were taking a breather on Monday after last week's sweeping rally as a top US central banker warned investors against getting carried away over one inflation number, nudging up bond yields and the dollar.
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Nifty Index is the benchmark index of NSE. It represents the 100 most valuable stocks listed on the exchange.
India's Nifty is a capitalization-weighted index based on the NSE's 50 most actively traded stocks with market capitalizations over Rs. 500 crores as on 28th December, 2018.
It was launched on February 15, 1991, and has been operated by NSE since then.
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