31st July 2024 | Nifty Tgt 25100 weak below 24600 | Volatile Watch

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NIFTY Prediction

Nifty closed 21 points higher as the benchmark indices exhibited non-directional movement. A small inside bar candle formation was observed on the daily charts, while the intraday charts revealed a double top formation, suggesting potential temporary weakness. The resistance levels are set between 25,000 and 25,500, with support levels ranging from 24,500 to 24,000.

BANK NIFTY Prediction

Bank Nifty is currently experiencing a negative trend. If you have short positions, it is advisable to maintain them with a daily closing stop loss set at 51,505. The resistance levels on the upside are between 52,000 and 52,800, while on the downside, the support levels are between 51,000 and 50,200.

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