Nifty and Financial institution Nifty Weekly Prediction (22 Jan’24 – 26 Jan’24) by BL GURU: Detrimental Outlook Amidst Sharp Falls

Nifty40 and #NiftyBank have seen a pointy fall final week. The bounce seen within the second half of the week lacks power. So, they could not maintain. Resistances are there to cap the upside on the #Nifty and #BankNifty. We count on each the #Nifty and #NiftyBankindex to stay beneath strain and see extra fall within the coming weeks. Any additional rise from right here will likely be short-lived.

The #DowJones alternatively is wanting bullish. It could possibly outperform the Indian markets.

The outlook for the #Nifty and #NiftyBank index is detrimental.

#Nifty has resistance within the 21,650-21,750 area. Assist is at 21,400. A break beneath it could actually take the #Nifty all the way down to 21,000.

#NiftyBank index has robust resistance at 46,300 after which at 47,000-47,100. The #niftybankindex can fall to 45,000 first after which 44,200-44,000. This fall can occur both from 46,300 itself or after an prolonged rise to 47,000-47,100

#DowJones is wanting bullish. It’s got robust helps round 37,500 and 37,100. The #DowJones can rise to 38,250-38,350 this week. The worth thereafter will want an in depth watch.