13th August 2024 | Nifty & Bank Nifty in Different Direction

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NIFTY Prediction

Nifty experienced a volatile trading session, ending 21 points lower. Following a morning intraday selloff, the market found support near 24,200 and rebounded sharply. However, it failed to close above the 24,400 resistance zone. On the upside, resistance is at 24,500-24,800, while downside support is at 24,200-24,000.

BANK NIFTY Prediction

Bank Nifty is presently in a negative trend. If you are holding short positions, it is advisable to continue holding with a daily closing stop-loss at 50,819. The resistance level on the upside is at 51,000-51,500, while the downside support level is at 50,000-49,600.

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