29th Oct 2024 | Stay Away today, if you are Targeting big in Index Option | Expect the Volatile in Nifty

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NIFTY Prediction

Nifty made a strong recovery, briefly reaching the 24,500 resistance level in the first half of the day. However, profit-taking in the latter part of the session reduced the overall gains. Currently, the Nifty is in a downward trend. If you hold short positions, it’s advisable to maintain them with a daily closing stop-loss set at 24,529. Resistance levels are between 24,500 and 25,000, while support levels are found at 24,000 to 23,800.

BANK NIFTY Prediction

Bank Nifty is presently experiencing a downward trend. If you have short positions, it is recommended to keep holding them, setting a daily closing stop-loss at 51,699. Resistance levels are identified between 51,500 and 52,000, while support levels are at 50,500 to 50,000.

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