Nifty and Financial institution Nifty Prediction for the week 15 Jan’24 to 19 Jan’24 by BL GURU

#Nifty has risen very properly within the second half final week. The worth motion on the chart leaves the outlook bullish for the #Nifty going ahead. Nonetheless, #BankNifty is caught inside a sideways vary and is trying combined. On the charts, #BankNifty is trying barely weaker than the Nifty.

#Nifty has help at 21,700-21,650. The outlook is bullish. #Nifty can rise to 22,300-22,400 this week. A break above 22,400 can take the Nifty as much as 22,600-22,700 within the short-term.

#NiftyBank index is caught in a sideways vary of 46,900 and 48,650. The bias is barely unfavorable to interrupt this vary on the draw back and fall to 46,200 or 46,000.

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