08th May 2024 | Nifty may look good above 22500 | Weak below 22200

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NIFTY Prediction

Nifty witnessed the creation of a bearish engulfing candle last week, indicating potential weakness in the market. Downside movement may find substantial support around the 22,200-22,000 levels, while encountering notable resistance near 22,500-22,800. Overall, Nifty is anticipated to consolidate within the range of 22,000-22,800 in the short term. If it sustain above 22200 in 1st half, then it possible to move 22500+

BANK NIFTY Prediction

Bank Nifty began positively but ended negatively at 48,285 due to strong selling pressure, breaking the previous week’s low of 48,342.7. If it stays below 48,340, weakness might continue towards 48,000-47,700. In the short term, 48,000-47,700 are expected to provide support, while 49,000-50,000 are seen as resistance levels. Bank Nifty Expiry Today. So, Volatile Expected. Also, Bank Index is going to follow the Nifty Index

Stock Prediction

STOCK Good Above Weak Below
BALKRISIND
 
 2450 2425
ICICGI 1702 1681
otc
 
 446
 
 440
tcs
 
 3970
 
 3936
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