Nifty and Financial institution Nifty Weekly Prediction (29 Jan’24 – 02 Feb’24) by BL GURU: Key Ranges and Potential Reversals

Nifty50 and #NiftyBank continued to fall final week according to our expectation. The outlook stays weak. #Nifty and #NiftyBankindex can fall extra from right here. Nevertheless, essential helps are developing for the #Nifty and #NiftyBank index which may halt the present fall. The value motion round these helps will want a detailed look ahead to a reversal.

#Nifty50 has resistance at 21,500-21,600. #nifty can fall to 21,000-20,900 or 20,700. The extent of 20,700 is a vital assist from the place the #Nifty can rise again to 21,100-21,200.

#NiftyBank index has resistance at 45,350 and 46,300. It will possibly fall to 40,000 or 43,600-43,400. However thereafter #niftybankinde can see a contemporary rise to 46,000-46,300.

#DowJones has resistance at 38,400 which will be examined this week. A break above will probably be very bullish to see 39,000 and better ranges. However a pull-back from 38,400 can take the #dowjones right down to 37,800 or 37,650. A break beneath 37,650 can drag the #dowjonesindex right down to 37,200-37,100.