11th July 2024 | Nifty try to revert back to yesterday resistance

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NIFTY Prediction

Nifty indices experienced profit booking at higher levels, with the Nifty closing 108 points down. Following a sharp selloff in the early morning, it found support around 24,150 and saw some recovery. On the upside, resistance is noted at 24,500-24,600, while support is at 24,200-24,000.

BANK NIFTY Prediction

Bank Nifty index continued to face selling pressure from higher levels and struggled to break past the 52,500 mark. Currently, it is trading near a critical support zone of 52,000-51,800. If it manages to maintain this level, a pullback rally towards 52,500 is possible. A sustained move above 52,500 could pave the way for 53,000. However, if it fails to hold the support at 51,800, it could decline further towards the 51,300-51,000 range.

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