17th May 2024 | Tgt is 22600- Volatile Possible | Buy in Dip

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NIFTY Prediction

Nifty opened on a strong note, showing significant volatility throughout the session. Despite this, the index successfully closed positively at 22,404. It faces resistance between 22,500 and 22,600, while support is found in the 22,300 to 22,200 range.

BANK NIFTY Prediction

Bank Nifty experienced a strong resurgence, driven by bullish activity, resulting in an intraday rise of 1,000 points. The next significant resistance level for the index is between 48,200 and 49,000. On the lower side, support is positioned in the 47,600-47,500 range. As long as this support remains intact, the market sentiment will stay bullish.

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