Nifty and Financial institution Nifty Prediction for the week 19 Aug’24 to 23 Aug’24 by BL GURU

#Nifty has risen effectively on Friday and has closed on a optimistic observe above 24,500. That has decreased the hazard of the autumn beneath 24,000 that we had cautioned final week. #NiftyBank index can also be getting sturdy assist round 49,650. Each the #Nifty and #NiftyBank indices are more likely to rise additional within the short-term. The #outlook for the approaching week is optimistic.

#Nifty can rise to 24,850-24,900 this week. A break above 24,900 will see the #Nifty surging to 25,450 and 25,550 within the coming weeks. #Nifty has to fall beneath 24,000 in an effort to grow to be #bearish which seems much less possible now.

#NiftyBankindex can rise to 51,000 and 51,450-51,650. The worth motion thereafter will want an in depth watch. A break above 51,650 can take the index as much as 53,000 and better. Then again, a reversal from round 51,650 can drag the #niftybankindex all the way down to 51,000 and decrease once more.

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