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Nifty and Financial institution Nifty Prediction for the week 29 Jul’24 to 02 Aug’24 by BL GURU

Nifty has risen again very nicely from round 24,000 final week. The sturdy shut on Friday has lowered the hazard of the #corrective fall that we had cautioned final week. The broader #bullish view is undamaged, and the #Nifty can proceed to maneuver up within the coming weeks.

#Nifty has help at 24,650 after which at 24,400 and 24,200. We are able to see an increase to 25,300 this week. #Nifty50 will come underneath strain provided that it breaks beneath 24,200. If that occurs, a fall to 23,700 may be seen.

#NiftyBank index can rise to check the 52,000-52,500 resistance area. However a powerful rise above 52,500 is required for the #niftybankindex to change into convincingly bullish. Solely then an increase to 53,500-54,000 is feasible. Else the #Niftybank index can oscillate in a variety of fifty,300 and 52,500.

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