NIFTY Prediction
Nifty remained under consistent selling pressure. Analysis of its daily charts reveals resistance in the 22,500 – 22,600 range, indicating ongoing consolidation until a decisive breakthrough occurs. Critical support now lies within the 22,200 – 21,900 range on the downside.
BANK NIFTY Prediction
Bank Nifty’s attempt to bounce back from the previous day’s lows was brief and failed to attract sustained buying interest. Additionally, the momentum indicator’s divergence did not validate the upward movement, suggesting the possibility of consolidation in the near future. Key support levels are situated between 48,000 and 47,500, while resistance is anticipated around 48,500 to 49,000.
CONCLUSION
Indian market may be well supported by results of various banks, which may give momentum to the Nifty and other segments. IT is Mixed, because of Giants. Market may show charm in the market for upper levels.
Crude oil may remain around 90 USD.
It will be better to avail advantage according to the levels. As and when required book profits and wait for the opportunity.
Watch IT, banks, financial institutions, Logistics, power, automobile, space, entertainment, leather, fertilizer, leather, sugar, petroleum, insurance, electronic equipment, communication instruments, and many more may remain active.
Volatility in certain segments possible.
Nifty may try to look for 22550.
Stock Prediction
STOCK | Good Above | Weak Below |
CIPLA | 1425 | 1406 |
RECLTD | 460 | 455 |
ITC | 441 | 436 |
IPCALAB | 1350 | 1332 |
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