28th Oct 2024 | Bank Nifty Will Fly Today | Expect the Volatile in Nifty

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NIFTY Prediction

After a flat start, the Nifty gradually declined throughout the session, though a slight bounce in the last hour helped reduce some losses. The Nifty dropped below its recent consolidation level as the absence of follow-up buying led to increased selling pressure, decisively falling below 24,350. Resistance is noted between 24,500 and 25,000, with support in the range of 24,000 to 23,500.

BANK NIFTY Prediction

Bank Nifty has demonstrated relative strength, remaining above key hourly moving averages and trending upward. It began the session lower but closed Bank Nifty is currently forming a red candle and trending downwards. If you hold short positions, it’s advisable to maintain them. Resistance is found between 52,000 and 52,500, while support lies in the range of 50,000 to 49,500.

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


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