Nifty Prediction for the week July 24 – 28, 2023 by BL GURU

ndian markets are coming near their tops. There’s not a lot room left for the benchmark indices to rise from right here. Nifty can rise above 20,000. Because the Nifty strikes above 20,000, we must tone down our bullishness. It’s then necessary to show cautious. We see good possibilities of the present rally to run into a robust correction within the coming weeks.

So, it’s time to flip a bit of cautious slightly than turning into overly bullish. We see restricted room for an increase from present ranges.

#Nifty can rise above 20,000 within the near-term. However a robust long-term pattern resistance is round 20,200. We count on the Nifty reverse decrease from there in direction of 19,500 and even 19,000.

#NiftyBank index can rise to 47,500-47,700 after which see a flip round.

#DowJones has resistances at 35,600 and 36,000. It may possibly see a pull-back from both of those resistances in direction of 35,000 or 34,700.