ast week we mentioned that #Nifty can rise to 24,800-24,850 after which can come down. Consistent with our expectation, #Nifty touched a #excessive of 24,855 after which fell sharply on Friday. The end result of the #UnionBudget on Tuesday goes to be crucial. That may very well be crucial in deciding whether or not the #Nifty can maintain larger and go up once more or can run into a pointy #correction. As such the worth motion in #Nifty this week goes to be very essential as that will set the tone for the approaching weeks.
#Nifty has #helps at 24,400 and 24,200-24,150. It has to maintain above these helps and bounce again to maintain the #bullish view intact for seeing 25,000 and 25,150. In case the #Nifty breaks under 24,150, that may flip the short-term #outlook #bearish. It can then drag the #Nifty all the way down to 23,700-23,500 and even decrease.
#NiftyBank index is caught between 52,000 and 53,000. A breakout on both facet of those ranges will determine whether or not the #niftybankindex can rise to 54,000 and 54,500 or fall to 51,000 and 50,500.
#Nifty #Financial institution #Nifty #Prediction #week #Jul24 #Jul24 #GURU