NIFTY Prediction
Nifty continued its consolidation streak for the fifth consecutive day, closing approximately 67 points higher. Analysis of the daily charts shows that the Nifty has been consolidating within a wide range of 23,200 to 23,500. Extended consolidation around this range suggests an increasing probability of a breakout in the upcoming week. With five days already passed, market analysts anticipate a potential shift towards a trending movement. Resistance is anticipated between 23,500 to 24,000, while support is expected between 23,400 to 23,000.
BANK NIFTY Prediction
BankNifty remained in a consolidation phase and struggled to surpass the 50,000 mark. To signal a bullish breakout towards the 51,000-51,500 range, the index must convincingly breach the 50,200 level. Support at the lower end is identified around 49,500 to 49,000, and a breach below this range could potentially lead to further declines towards 49,000.
Breakout Stock for Trading (Future, Option & Swing Trading) with Last Day Breakout
Sr. | Stock Name | Symbol | Links | % Chg | Price | Volume |
---|---|---|---|---|---|---|
1 | Abb India Limited | ABB | P&FΒ |Β F.A | 6.79% | 9020 | 1,242,412 |
2 | Siemens Limited | SIEMENS | P&FΒ |Β F.A | 5.32% | 7790.2 | 1,315,733 |
3 | Bharat Forge Limited | BHARATFORG | P&FΒ |Β F.A | 4.91% | 1717.3 | 3,052,519 |
4 | Trent Limited | TRENT | P&FΒ |Β F.A | 4.41% | 5245.55 | 1,424,125 |
5 | The Indian Hotels Company Limited | INDHOTEL | P&FΒ |Β F.A | 4.17% | 613.85 | 9,597,845 |