12th August 2024 | This Weak is for Trap & Confusion

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NIFTY Prediction

Nifty opened with a gap up on Friday and consolidated, ending the day with an increase of approximately 248 points. The daily charts show that the Nifty had previously declined from 25,100 to 23,900 and is now retracing that drop. On the upside, resistance is at the 24,500-25,000 range, while support lies between 24,000 and 23,600.

BANK NIFTY Prediction

Bank Nifty also experienced consolidation and ended the day in positive territory. PSU banks saw a significant surge in trading today. Overall, the Bank Nifty is likely to align with the broader market and could see a pullback towards the 50,700-51,000 range. Immediate support is found at the 50,000-49,500 levels.

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


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