24th June 2024 | Nifty & Bank Nifty is expect down side

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NIFTY Prediction

Nifty has been fluctuating between 23,300 and 23,600, showing market indecision and suggesting a highly volatile monthly expiry. A clear breakout above 23,600 could push the index towards 24,000 in the near term, while failing to stay above 23,300 might cause market panic. If Nifty drops below 23,300, it may decline to 22,750 in the short term. Resistance is identified at 24,000-25,000, and support is noted at 23,400-23,000.

BANK NIFTY Prediction

BankNifty index experienced a volatile trading session but ultimately closed flat, reflecting the clear struggle between buyers and sellers. Immediate resistance is found at the 52,000-52,500 range, which the index must exceed to maintain its upward trend. On the downside, support is positioned at 51,000-50,500, with dips towards this level considered ideal buying opportunities.

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