12th July 2024 | Nifty & Bank Nifty Volatile Expected

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NIFTY Prediction

Nifty experienced a turbulent trading session today. It started off in positive territory but saw a steep decline. Then rebounded in the second half, closing slightly down by 8 points. It appears that dips approaching the lower boundary of 24,100 are being purchased, indicating solid support in the 24,200 – 24,150 range and resistance in the 24,300 – 24,400 range.

BANK NIFTY Prediction

Bank Nifty traded within a narrow range throughout the day. The index is hovering near a critical support zone between 52,000 and 51,100. If it maintains this level, a rebound towards 52,500 is possible. A sustained move above 52,500 could pave the way for a rise to 53,000. However, failing to hold support at 51,800 might lead to a decline towards the 51,300-51,000 range. Resistance is noted at the 53,000-53,400 level.

Breakout Stock for Trading (Future, Option & Swing Trading) with Last Day Breakout


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