Nifty Prediction for the week July 03 – 07, 2023 by BL GURU

ast week we had cautioned that Nifty can run right into a correction after testing 19,000. However quite the opposite Nifty has surged closed nicely above 19,000. So, if this break sustains then there may be extra room to rise from right here. So, our view of seeing a correction will go mistaken.

Nifty Financial institution index has additionally surged nicely above 44,000. Our bearish view of seeing a fall to 42,000 has gone mistaken. Nifty Financial institution index can even rise farther from right here.

So general, there may be room for the indices to maneuver additional up from right here earlier than a correction kicks in.

Nifty can rise to 19,600-19,700 whereas it sustains above 19,000 now. From a long-term image 20,200 is a vital resistance that may halt the present rally.

Nifty Financial institution index can rise to 45,500-45,700 whereas it sustains above 44,000

Dow Jones is bullish to see an increase to 34,800-35,000 initially after which to 35,500 ultimately. A break above 34,500 can set off this rise.