22nd August 2024 | Nifty Following USA Market is a good News for traders

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NIFTY Prediction

Nifty started the day flat and stayed steady for most of it. It formed a positive candle on the chart, breaking past the previous gap from August 5 at around 24,700. Resistance is expected between 24,830 and 24,900, while support is around 24,550 to 24,500.

BANK NIFTY Prediction

Bank Nifty dropped during the day to a key support zone of 50,350 to 50,300 but then saw buying interest. As long as this support zone holds, we can expect the Bank Nifty to rally. The resistance range is between 51,000 and 51,500, while support is found between 50,300 and 49,600.

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