05th June 2024 | Buy On Dip for Big Profit |

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NIFTY Prediction

Nifty started the day with a gap down and plummeted, ending the session down approximately 6%. This decline marked a clear break below the recent swing low of 21820, disrupting the pattern of higher highs and higher lows. Looking ahead, the levels of 23200 to 24000 are expected to act as significant resistance. The support levels are anticipated to range between 22400 and 21000.

BANK NIFTY Prediction

Bank Nifty has recently breached the ascending channel, signaling a shift in its trend. We foresee a correction towards the support level of 45500 to 45000. Conversely, the resistance level is likely to be encountered in the range of 49600 to 51000 on the upside.

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