Nifty and Financial institution Nifty Prediction for the week 08 Apr’24 to 12 Apr’24 by BL GURU

Nifty remained secure and vary certain final week. #NiftyBank index then again has risen very nicely and has closed on a robust observe. #NiftyBank index is wanting very bullish and far stronger than the #Nifty. We are able to count on the energy within the #NiftyBankindex to take the #Nifty additionally greater.

#NiftyBank index has assist at 48,000 now. #niftybankindex can rise to check the resistances at 49,150 and 49,600. A break above 49,600 shall be very bullish to take the #niftybank index upto 51,500 and 52,000 over the medium-term. The short-term outlook will flip bearish provided that the index declines beneath 47,400.

#Nifty has helps within the 22,350-22,150 area. Resistance is round 22,800. A robust break above 22,800 can take the #Nifty as much as 23,000 and 23,200 within the short-term.

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