Nifty and Financial institution Nifty Prediction for the week 06 Might’24 to 10 Might’24 by BL GURU

Nifty and #NiftyBank index have come down sharply on Friday giving again a lot of the positive aspects. #Nifty is trying barely unclear and may go both means from right here. #NiftyBank index then again can see extra fall this week. The #DowJones is trying comparatively extra optimistic and may outperform the Indian markets.

#Nifty can fall to twenty,000-21,900 if it fails to bounce again instantly. Broadly, 21,900 to 23,000 may be the potential buying and selling vary. A breakout on both aspect of this vary will determine the subsequent transfer for #nifty50. A break above 23,000 can take the #Nifty up 23,400 and 23,500. However, a break under 21,900 might be bearish. Such a break can drag the #nifty50 all the way down to 21,500 and even 21,000

#NiftyBank index has robust resistance within the 49,500-49,600 area. It could possibly fall to 47,500-47,000. The probabilities of the autumn extending even as much as 46,500 can’t be dominated out.

#DowJones is getting robust assist round 37,800. It’s trying bullish for an increase to 39,200 and 39,500 this week. The outlook will flip damaging provided that it declines under 38,200.

BL Portfolio: https://www.thehindubusinessline.com/portfolio/

Write to the next e mail ids for any queries on

1) Futures & Choices (F&O) : derivatives@thehindu.co.in

2) Technical outlook on the particular shares: techtrail@thehindu.co.in

3) Mutual Funds: mf@thehindu.co.in

4) Investments, Private finance: blportfolio@thehindu.co.in

SOCIAL MEDIA HANDLES

Fb – Blportfolio

https://www.facebook.com/profile.php?id=100086211032670

LinkedIn – BL Portfolio

Twitter – @BlPortfolio

https://twitter.com/BlPortfolio?t=B3zkMfwKIMuoHWBWJfoZ3w&s=09