22nd May 2024 | Tgt is 22750- Volatile Possible | avoid big tgt

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NIFTY Prediction

Nifty was marked by volatility. Although it began with a negative start, it managed to bounce back and ended the day positively, gaining approximately 27 points. Nifty has been gradually recovering after testing the lower boundary of its upward trending channel. Looking ahead, the resistance zone lies between 22500-22600, while the support zone is positioned between 22400-22300.

BANK NIFTY Prediction

Bank Nifty similarly traded within a limited range and concluded the session with a downward movement, declining by around 150 points. Our analysis suggests that this is likely just a temporary halt in the broader upward trend, presenting a buying opportunity during this consolidation phase. Resistance levels are identified at 48300-49000, while support levels are seen at 48000-47500.

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