#Nifty has risen well on Friday and has closed on a positive note above 24,500. That has reduced the danger of the fall below 24,000 that we had cautioned last week. #NiftyBank index is also getting strong support around 49,650. Both the #Nifty and #NiftyBank indices are likely to rise further in the short-term. The #outlook for the coming week is positive.

#Nifty can rise to 24,850-24,900 this week. A break above 24,900 will see the #Nifty surging to 25,450 and 25,550 in the coming weeks. #Nifty has to fall below 24,000 in order to become #bearish which looks less likely now.

#NiftyBankindex can rise to 51,000 and 51,450-51,650. The price action thereafter will need a close watch. A break above 51,650 can take the index up to 53,000 and higher. On the other hand, a reversal from around 51,650 can drag the #niftybankindex down to 51,000 and lower again.

#niftyprediction, #nifty, #nifty50, #niftyanalysis, #niftyweeklyanalysis, #niftytomorrow, #niftytomorrowprediction, #niftyviewtomorrow, #nifty_bank_nifty_prediction, #banknifty, #bankniftyprediction, #bankniftyanalysis, #bankniftytrading, #niftybank, #bankniftytomorrow, #niftybanknifty, #niftybankniftyprediction, #niftybankniftylevels, #niftyrise, #niftysurge, #niftyriseprediction, #niftyrisereason, #niftybankrise, #niftybankrisereason, #niftybankrally, #niftyrally

BL Portfolio: https://www.thehindubusinessline.com/portfolio/

Write to the following email ids for any queries on

1) Futures & Options (F&O) : derivatives@thehindu.co.in

2) Technical outlook on the specific stocks: techtrail@thehindu.co.in

3) Mutual Funds: mf@thehindu.co.in

4) Investments, Personal finance: blportfolio@thehindu.co.in

SOCIAL MEDIA HANDLES

Facebook - Blportfolio

https://www.facebook.com/profile.php?id=100086211032670

LinkedIn - BL Portfolio

https://www.linkedin.com/in/bl-portfolio-314bb2220

Twitter - @BlPortfolio

https://twitter.com/BlPortfolio?t=B3zkMfwKIMuoHWBWJfoZ3w&s=09

Related Topics