26th August 2024 | Expiry week of equity. Let see what Market is planning ?

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NIFTY Prediction

Nifty began the day on a flat note and remained in a consolidation phase, eventually closing with a gain of 12 points. On the daily charts, the Nifty has posted gains for the seventh straight session. The current uptrend seems somewhat stretched as the index has been rising steadily without a significant pullback. Nifty is now approaching the 24,830 mark, which could limit further gains. Overall, the trend is sideways, with a consolidation range between 24,200 and 25,000. The resistance is expected between 24,900 and 25,500, while the support levels are at 24,800 to 24,500.

BANK NIFTY Prediction

Bank Nifty experienced limited price movement and ended the day slightly negative. After a few days of consolidation, Bank Nifty may continue its upward trend. On the higher side, the index could move towards 51,100 – 52,000, with support levels positioned between 50,700 and 50,000.

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