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NIFTY Prediction
Nifty maintained its upward momentum, ending the session with substantial gains, indicating a persistent bullish trend. Short-term projections suggest a potential move towards 22,800-22,850, with support levels expected around 22,550-22,200.
BANK NIFTY Prediction
Bank Nifty index soared by over 2.4%, or more than 1,100 points, reaching a record high of 49,399.30, surpassing the previous level of 49,057. Resistance is anticipated in the range of 50,000-50,500, while support is expected between 48,500-47,700.
CONCLUSION
Anyways, areas like Banks, financial institutions, exchange related segments, brokers related segments, automobile, power, reality, cement, and related segments, dairy products, IT, and result based segments, chemicals, electronics communication infrastructure, FMCG, sugar, agricultural equipment, paper, leather and many more sectors may remain active.
It will be better to watch the trend of market in second half of the day and move accordingly. Watch banks for trade.
Indian Currency
Indian Rupee may trade in between 82.80 to 83.60 per USD.
Stock Prediction
STOCK | Good Above | Weak Below |
IGL | 462 | 457 |
CHOLAFIN | 1175 | 1160 |
GODREJPROP | 2630 | 2601 |
JINDALSTEL | 946 | 932 |
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