NIFTY Prediction Nifty daily chart, the index has formed a Bearish Engulfing pattern, signaling strong control by the bears. The immediate support is seen at 23,820-23,600. On the upside, there are multiple resistance levels, with the first at 24,200-24,000, where the index is likely to face selling pressure. BANK NIFTY Prediction Bank Nifty remained under pressure,…
READ MORENIFTY Prediction Nifty benchmark indices experienced volatile movements. Among the sectors, the IT index was the top performer, rising more than 3.78%, while the realty index dropped by over 4%. Throughout the week, after a sharp correction, the market found support around 23,850-24,100, with resistance levels between 24,500 and 24,750. BANK NIFTY Prediction Bank Nifty…
READ MORENIFTY Prediction Nifty is currently in a downtrend. If you’re holding short positions, it’s advisable to maintain them with a daily closing stop-loss at 24,331. After an intraday dip, the market found support around 23,850 and rebounded. While most sectoral indices saw a strong recovery, the Metal index led the charge with a rally of…
READ MOREOver the past five sessions, the Nifty largely consolidated but did so with a bearish undertone. The Nifty traded in a defined range and closed the week with a modest gain.Importantly, the index also stayed below its crucial resistance points. The volatility also expanded; the India VIX surged higher by 8.68% to 15.90 on a…
READ MORENIFTY Prediction Nifty is currently experiencing a downward trend. If you have short positions, it’s advisable to maintain them with a daily closing stop-loss set at 24,529. The markets faced pressure on the monthly expiry day, falling nearly half a percent. Resistance levels are at 24,250 and 24,500, while support levels are at 24,200 and…
READ MORENIFTY Prediction Nifty made a strong recovery, briefly reaching the 24,500 resistance level in the first half of the day. However, profit-taking in the latter part of the session reduced the overall gains. Currently, the Nifty is in a downward trend. If you hold short positions, it’s advisable to maintain them with a daily closing…
READ MORENIFTY Prediction After a flat start, the Nifty gradually declined throughout the session, though a slight bounce in the last hour helped reduce some losses. The Nifty dropped below its recent consolidation level as the absence of follow-up buying led to increased selling pressure, decisively falling below 24,350. Resistance is noted between 24,500 and 25,000, with…
READ MORENIFTY Prediction Markets reversed a three-day decline as investors engaged in value buying of banking, metal, and real estate stocks, which had recently experienced significant drops. We expect the upward momentum to continue in the coming sessions, with targets set in the 25,000 to 25,200 range. Support has shifted higher to the 24,500 to 24,000…
READ MOREThe markets closed on a negative note for the third week in a row. Over the past five sessions, the Nifty remained largely on a declining trajectory, except for the last trading day where it saw some relief rally from the lower levels. Following a strong weekly decline of 1167 points two weeks ago, the…
READ MORENIFTY Prediction Nifty Index finally broke out of its range of 24,920-25,200. After a quiet opening, auto stocks led the correction, pulling the Index lower. In the second half of the session, more selling pressure pushed the Index further down, ending at 24,749.85 with a loss of 221.45 points. Resistance is now seen in the 25,000 to 25,200 range, while support has shifted higher…
READ MORE