Nifty and Financial institution Nifty Prediction for the week 19 Feb’24 to 23 Feb’24 by BL GURU

he anticipated fall to 21,000 on the #nifty50 didn’t occur final week. Quite the opposite the #nifty has discovered help round 21,500 and risen to 22,000. Essential resistances are developing for each the #nifty and #niftybank index which is able to want an in depth watch this week. Whether or not they handle to surpass this hurdle or not will decide the subsequent transfer.

#Nifty has an necessary resistance at 22,150. A break above it may possibly take the #Nifty as much as 22,500-22,700. However, a turnaround from 22,150 can take the #Nifty all the way down to 21,500 once more. It is going to additionally preserve alive the probabilities of seeing 21,000 on the draw back.

#NiftyBank index has a vital resistance at 47,200. A break above it may possibly take the #niftybankindex as much as 49,000. Failure to rise previous 47,200 can drag the index all the way down to 45,000 once more.

#DowJones is caught in a sideways vary. There’s room to check 39,400 on the upside earlier than a powerful reversal to 37,000 occurs.

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