NIFTY Prediction Today, the Nifty experienced a day of intense volatility in trading. Analysis of the daily charts reveals that the Nifty has been trading within a range of 22230 β 22530 for the past seven sessions. Support levels are seen at 22,300 and 22,000, while immediate resistance is anticipated at 22500 β 22530 on…
READ MORENIFTY Prediction Nifty has been moving within an upward channel, showing higher highs and higher lows. Despite an ongoing corrective phase, the overall trend remains bullish. In the near term, Nifty may face some weakness, potentially dropping to the range of 22,320-22,125. On the upside, initial resistance is observed at 22,500 based on closing levels….
READ MORENIFTY Prediction Nifty remained below the key 22,500 level, with call writers at the 22,500 strikes noticeably bolstering their positions. Support is anticipated to remain firm at 22,450. A breakthrough above 22,500 could spark buying enthusiasm, potentially propelling the index towards 22,550 in the near future. BANK NIFTY Prediction Bank Nifty encountered resistance near the…
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READ MORENIFTY Prediction The Index maintained its support level at 22,300 on the daily chart and exhibited a bullish engulfing pattern. A positive outlook is anticipated, with a target of 22,600, which, if surpassed, could extend to 22,800. Meanwhile, the level of 22,300 is expected to serve as a robust support point. BANK NIFTY Prediction During…
READ MOREEquity markets snapped a four-day winning streak on account of profit booking and easing of service PMI, dampening the sentiments. Investors are awaiting Fed Powellβs Chair to get some input on interest rates. “Overall, markets are likely to consolidate in the near term with sectorial rotation amid key events lined up. Capital Goods, Auto, PSU…
READ MORENIFTY Prediction Nifty closed at 22,350.30, marking a decline of -49.30 points or -0.22 percent. After testing strong support at 22,300, the index formed a Doji candlestick, indicating uncertainty between buyers and sellers. A breakout above 22,400 could lead to upward momentum towards 22,500 and 22,600. Conversely, immediate support is seen at 22,200. BANK NIFTY…
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