8th July 2024 | Nifty Looks weak, Bank Nifty Look Strong

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NIFTY Prediction

Nifty index opened lower but recovered as investors heavily sold put options, especially at the 24,200 level, suggesting it was a short-term support for the Nifty. Resistance is noted between 24,400 to 24,360, while support is seen at levels ranging from 24,210 to 24,170.

BANK NIFTY Prediction

Bank Nifty index was volatile, mostly dropping because HDFC Bank’s stock fell. The next support level is around 52,330 to 52,000 and the resistance level is around 53,120 to 52,880.

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