Nifty and Financial institution Nifty Prediction for the week 17 Jun’24 to 21 Jun’24 by BL GURU

Moneynews

8 months ago

ifty is managing to carry larger and is transferring up steadily. The near-term outlook continues to be optimistic. There may be room for the Nifty50 to maneuver additional up from right here to check its key resistances. The worth motion across the resistances will want a detailed look ahead to a corrective fall.

The Dow Jones has been coming down after the US Federal Reserve assembly final result final week. The #Fed left the rates of interest unchanged. However in its financial projection, the central financial institution has saved the room for just one charge minimize this 12 months. Earlier the #Fed had projected for 3 charge cuts for this 12 months.

#Nifty has help at 23,300. It could possibly rise to 23,800 and 24,000. The worth motion thereafter will want a detailed look ahead to a reversal.

Nifty Financial institution index has help at 49,400 and resistance at 50,600. A breakout on both aspect of those two ranges will decide whether or not the Nifty Financial institution index can rise to 51,500 and 52,000 or can fall to 48,500.

Dow Jones can fall to check 38,000-37,900. A bounce thereafter can take it again as much as 39,000. However a fall beneath 37,900 can drag it all the way down to 37,500.

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