28th June 2024 Nifty & Bank Nifty "Expect New High With Volatile"

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NIFTY Prediction

Nifty started the day flat but gained momentum as trading progressed, ending with a rise of 176 points. Over the past four sessions, Nifty has shown a sharp upward trend, surging approximately 700 points. The IT Index played a significant role today in pushing Nifty above the 24,000 mark. Resistance is noted between 24,050 and 24,400, while support is seen at levels ranging from 24,000 to 23,800.

BANK NIFTY Prediction

BankNifty index showed volatile movements, fluctuating within a wide range, with support at 52,700 and resistance at 53,100. To maintain its upward trajectory towards the 53,400/53,700 levels, the index needs to hold decisively above 53,000. However, as it is currently in overbought territory, failing to stay above 53,000 could result in a decline to the 52,500/52,000 levels.

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