13th Sep 2024 | High Volatile | Profitable Week

NIFTY Prediction

Nifty started the day on a flat note and consolidated during the first half of the session. A strong rally in the final hour pushed the index to close with a gain of 470 points. The daily charts show that Nifty has broken out of its sideways consolidation, moving upward. Resistance is now seen in the 25,500–25,800 range, while support lies between 25,300 and 25,000 on the downside.

BANK NIFTY Prediction

In the previous trading session, Bank Nifty entered a positive trend. A long position can be taken with a stop loss at 50,894 based on a daily close. Bank Nifty has also broken out of its consolidation phase, beginning its upward movement toward the 52,000–52,500 range. The momentum is likely to persist over the coming trading sessions. The support area lies between 51,000 and 50,500.

Breakout Stock for Trading (Future, Option & Swing Trading) with Last Day Breakout