Nifty Prediction for the week June 12-16, 2023 by BL GURU

ifty witnessed a pointy fall after the RBI’s financial coverage assembly final week. Some extra fall is more likely to be seen initially within the coming week, could also be forward of the US Fed assembly end result which is due on Wednesday.

However robust helps are there to restrict the draw back. We count on the Nifty to renew its total uptrend after testing the upcoming helps.

The general uptrend stays intact, and the broader outlook is bullish.

Nifty can check its assist at 18,500-18,450 this week after which resume the uptrend in direction of 18,800-18,900 after which to 19,000 within the coming weeks.

Nifty Financial institution has a vital assist at 43,980. It should maintain above this assist to rise in direction of 45,000-45,500 right away. Else a dip to 43,500 can occur first after which the rise to 45,000-45,500 could be seen.

Dow Jones is bullish. It could possibly check 34,200-34,250 first. A break above 34,250 will then open the doorways to focus on 35,500.