Nifty Banknifty Technical Analysis for 22/09/20

Nifty Banknifty Technical Analysis for 22/09/20

Total we will discuss Nifty Banknifty Technical Analysis for 22/09/20. But before we start we shall take a short summary of today’s market

Top Gainer Stocks of Nse on 21/09/2020

ExchangeSymbol NameChange in PercentageChange In RateLat traded priceTotal volume
NseTorrent Power1.57%5.10330.903345843
NseKotak Mahindra Bank0.84%10.751287.856859159
NseInfosys Ltd0.77%7.751009.9014138924
NseTata consultcy0.63%15.402465.304598238
NseApollo Hospital0.17%3.101831.552220661

Top Loser Stocks of Nse on 21/09/20

ExchangeSymbol NameChange in PercentageChange in RateLast Traded PriceTotal Volume
NseIndiabulls Hsg Fin13.10%-23.40155.2056033779
NseJindal steel &power12.05%-23.90174.4025865302
NseIndusind Bank8.58%-52.60560.6015643885
NseVodafone Idea Ltd7.56%-0.8510.40315771704
NsePvr7.32%-88.101115.803065374

Today as soon as nifty future breaks 11455 levels which were Friday low. We had seen a sharp downfall to 11227. The fall was very fast.

Nifty Banknifty Technical Analysis for 22/09/20
Intraday chart of Nifty future 5 min Time frame

Nifty Future Analysis


Nifty future demand zone

If we see the daily chart of Nifty future we can see the 11202 level is a significant low. If nifty future breaks it with volume and close below it we can say that the trend is changing. From 11202 to 11111 is also a demand zone so there is also a possibility of a bounce from these levels.


BankNifty Technical Analysis for 22/09/20


Bank nifty future demand zone
Bank nifty future daily chart of 21/09/20

In the Bank nifty future, we can see already trend is changed. From 21100 to 20850 is the demand zone. If Bank nifty future breaks 21290 with volume and sustains below it we can see a target of 21100 to 21000 in intraday or much more. But it can respect of demand zone. From that level Bank nifty future can bounce.


Intraday Guide for stocks

Nse stock BataIndia

Bataindia stock for intraday

In Bataindia stock we can see Range bound moves from five days. If Bataindia stock breaks 1316 levels with volume and sustains below it we can see a sharp downfall and our target will be 1270.

Nse Stock Hdfc

Hdfc stock for intraday

If hdfc stock breaks 1701 level with volume and sustains below it we can see hdfc can come to fill the gap which is marked on the image and our target for intraday will be 1670.


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.