07th June 2024 | Nifty playing with Volatility

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NIFTY Prediction

Nifty started the day with a higher opening, then stayed steady throughout, keeping its gains and finishing the day up by around 201 points in positive territory.The significant rebound in the latter half of the session, closing above the 22,900 mark, suggests a possible bullish reversal. If the price finishes above the 22,900 level, it could potentially climb to 23,000 and higher in the days ahead. Resistance is identified at the 22,800-23,000 range, while support is found at 22,000-21,800.

BANK NIFTY Prediction

Bank Nifty experienced a rangebound trading day. The upcoming RBI policy announcement is expected to impact Bank Nifty tomorrow. We anticipate that Bank Nifty will consolidate around 49,000 during tomorrow’s session. Resistance levels are projected between 49,700 and 50,000, while support levels are estimated between 48,900 and 48,500.

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