Nifty and Financial institution Nifty Prediction for the week 29 Apr’24 to 03 Could’24

Nifty and #NiftyBank index have risen final week. However on the charts, the short-term image is wanting combined. The benchmark indices can go both approach from right here. We desire to remain out of the market and watch the value motion to get readability. #DowJones is wanting comparatively a lot weaker than the #Nifty and the #NiftyBank index

#Nifty has assist at 22,200. If that holds, an increase to 22,900-23,000. But when it breaks 22,200, then a fall to 22,000 and 21,900 could be seen. A break under 21,900 will likely be very bearish for the #nifty50 to see 21,600-21,500 on the draw back.

#NiftyBank index has assist at 48,000. If that holds, an increase to 49,300 and 50,000 could be seen. A break under 48,000 alternatively can drag the #niftybankindex right down to 47,000.

#DowJones has resistances at 38,500, 38,900 and 39,100. So long as it trades under these resistances, the outlook is bearish for a fall to 37,200 and 37,000

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