Nifty, Banknifty technical analysis for 16/9/20

Today we are going to do Nifty, Banknifty technical analysis for 16/9/20. Before we start we have understand how today nifty and banknifty perform today. Which stocks were top gainer and which stocks were top losers today.

Top Gainer stocks of NSE on 15/09/20 .

ExchangeSymbol nameChange in percentchange in rateLast traded price Total volume
NseAshok leyland ltd4.08%3.0577.8577838078
NseIndusind bank3.95%24.05633.4013445478
NseMotherson sumi 3.91%4.55120.9021332716
NseIdfc First Bank Ltd3.54%1.1032.1538939881
NseM&M fin3.48%4.65138.109308571

Top Loser stocks of NSE on 15/09/20 .

ExchangeSymbol nameChange in percentchange in rateLast traded price Total volume
NsePvr3.42%-44.851264.754274138
NseNational Aluminium2.56%-0.9034.3011644953
NseBharat Electronic Ltd2.10%-2.25104.808979867
NseIndiaBulls Hsg Fin Ltd1.93%-3.65185.85136000011
NseJindal Steel & Power Ltd1.65%-3.65206.206412005

Nifty Technical analysis for 16/09/20

As we see the daily chart of Nifty future we can see an inside candle pattern formed. On 15/09/20 Nifty future does not break its previous day high nor previous day low. Today Nifty traded in range-bound.

Nifty future chart of 15 09 20
Nifty future chart of 15 09 20

If tomorrow Nifty future breaks 11570 levels with volume and sustain above then we can see a good up move with a target of 11650 to 11700 levels.

Banknifty Technical analysis for 16/09/20

On 15/09/20 Banknifty made a lower low. After making lower low bulls came in power Banknifty started in an uptrend journey in intraday. If we see the daily chart of Banknifty future we can see a bullish reversal candle formed.

Banknifty future chart of 15 09 20
Banknifty future chart of 15 09 20

If tomorrow Banknifty future breaks 22821 with volume and sustains above it then we can see a sharp up move with a target of 23100 to 23500.

Intraday stocks for 16/09/20

Colpal

Colpal daily chart of 15 09 20
Colpal daily chart of 15 09 20

In colpal share chart, we can see one by one top pattern formed. The current share price of colpal is 1420. If it breaks 1428 with volume and sustains above it then we see an up move with a target of 1440 to 1460.

Disclaimer: The details which we discussed is only for education and information purpose only. Trading in the share market is a high risk of losing money.

Please compare the data with the Nse website. The data which we provide may be incorrect.