NIFTY Prediction For the second consecutive day, the Nifty maintained its upward momentum, closing 114 points higher. A bullish candle has formed, and on the intraday charts, it is exhibiting a higher bottom formation, indicating a generally positive trend. We believe that the index has finished one phase of its pullback rally, with the 22,300-22,500…
READ MORENIFTY Prediction Nifty displays a hammer pattern, suggesting a possible bullish turnaround after a correction phase. The resistance range is noted between 22,300 to 22,500, while the support range lies between 21,800 to 21,500. BANK NIFTY Prediction Bank Nifty index demonstrated a strong recovery from lower levels, firmly holding its support. The support level is…
READ MORENIFTY Prediction Nifty remained confined within a tight range and eventually closed at 22055. The index exhibited an inside bar candlestick pattern. Therefore, if it maintains yesterdayβs low of 21,932, a rebound might occur, although itβs advisable to consider profit-taking. Looking ahead, 21,800-21,500 is anticipated to serve as crucial support, while 22,300-22,500 is identified as…
READ MORENIFTY Prediction Nifty witnessed a sharp selloff, ending 345 points lower. The formation of a long bearish candle suggests potential further weakness, though a technical rebound may occur from current levels. Resistance is expected at 22100-22150, with support seen at 21950-21900. BANK NIFTY Prediction Bank Nifty index remains under bearish pressure, with the next immediate…
READ MORENIFTY Prediction Nifty experienced high volatility throughout the day after opening with a gap down. It exhibited a neutral performance, remaining flat by 0.00 percent intraday and closing at 22302.50 levels. Support was noted around the 22,200 and 22,000 zones, while resistance levels were observed between 22,500 and 22,800. If it sustain above 22200 in…
READ MORENIFTY Prediction Nifty witnessed the creation of a bearish engulfing candle last week, indicating potential weakness in the market. Downside movement may find substantial support around the 22,200-22,000 levels, while encountering notable resistance near 22,500-22,800. Overall, Nifty is anticipated to consolidate within the range of 22,000-22,800 in the short term. If it sustain above 22200…
READ MORENIFTY Prediction Nifty has formed a bearish candle, signaling a sustained pattern of lower top formation, which suggests a predominantly negative outlook. The short-term market sentiment remains weak, with resistance levels expected around 22700/22800 for traders. Conversely, if breached, support levels around 22400-22200 become more likely. BANK NIFTY Prediction Bank Nifty traded within a range…
READ MORENIFTY Prediction Nifty experienced significant volatility today, ending with a nearly one percent loss. Despite starting strong on global cues, profit-taking in heavyweight stocks wiped out early gains, pushing the index into negative territory. This sharp drop nullified gains from the past four sessions. We suggest caution and hedged positions if the Nifty drops below…
READ MORENIFTY Prediction Nifty started off in the red, it bounced back and steadied throughout the day, eventually finishing with a rise of about 43 points. This signals a period of consolidation following the selling pressure seen in the last trading session. Moving forward, the range between 22,700 and 22,800 marks a notable resistance level, while…
READ MORENIFTY Prediction Selling pressure was observed in the Nifty as it faced resistance. In the upcoming days, the primary index trend could move sideways unless it surpasses the record high of 22,783. Immediate support lies around 22,500-22,400, below which the index may see further decline. Resistance on the upside is anticipated at 22,800-22,900. BANK NIFTY…
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