Nifty and Financial institution Nifty Prediction for the week 13 Might’24 to 17 Might’24 by BL GURU

Nifty and #NiftyBank index fell sharply final week as anticipated. Additionally, as anticipated, the #DowJones outperformed the Indian markets by surging over 2 per cent final week. The #DowJones proceed to stay bullish and may rise extra.

However the #Nifty and #NiftyBank index are poised close to a really essential helps. They must maintain above their helps and get a powerful follow-through rise from right here to keep away from extra fall. As such the value motion this week goes to be very essential for the Indian benchmark indices.

#Nifty50 has essential assist at 21,900. A break beneath it might probably take the #nifty right down to 21,600-21,500 and even 21,000. To keep away from this fall, #Nifty has to maintain above 21,900 after which rise previous 22,500.

#NiftyBank index has an vital assist at 47,200. A break beneath it might probably take the #niftybankindex right down to 46,200-46,000. Thereafter a bounce in direction of 47,000 and 47,500 might be seen. To keep away from this fall, #NiftyBank index has to remain above 47,200 and rise above 48,300.

#DowJones has good assist at 39,000. The outlook is bullish for the #dowjones to see 39,900-40,000. The worth motion thereafter will want an in depth watch.

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