16th May 2024 | Today Gap Up Opening Expected | But Last Three Days No Movement in Market

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NIFTY Prediction

Nifty index had a turbulent trading session, swinging within a 140-point range. Despite the volatility, the market displayed sideways movement, ending with a neutral candlestick on the daily chart. Resistance was noted in the 22,300-22,400 range, while support was found in the 22,000-21,950 zone.

BANK NIFTY Prediction

Bank Nifty index is having difficulty surpassing the psychological barrier of 48,000. It reached a peak of 47,957 in early trading today but then fell sharply. The Nifty Bank index is now trading lower at 47,737. The resistance zone is between 47,700 and 48,200, while the support zone lies between 47,600 and 47,300.

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