07th May 2024 | Nifty may look for 22550 | Buy on dips | Volatile with Big Movement possible

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NIFTY Prediction

Nifty has formed a bearish candle, signaling a sustained pattern of lower top formation, which suggests a predominantly negative outlook. The short-term market sentiment remains weak, with resistance levels expected around 22700/22800 for traders. Conversely, if breached, support levels around 22400-22200 become more likely.

BANK NIFTY Prediction

Bank Nifty traded within a range of 49252.65 to 48784 throughout the day, closing at 48923.55, which was higher than its previous close. The intraday low was recorded at 48784, while the high reached 49252.65. Resistance levels are observed at 49500-50000, with support levels identified at 49000-48500.

Stock Prediction



STOCK Good Above Weak Below
AARTIIND
 
 750 743
AXISBANK 1156 1139
LALPATHLAB
 
 2352
 
 2328
HDFCBANK
 
 1532
 
 1518
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