09th Feb 2024 | Watchful with Mirage like situation | Trade with cautious positive emotions



NIFTY Prediction

Starting on a positive trajectory, Nifty gradually reversed course, ending the day with a decline of approximately 212 points. Analysis of the daily charts reveals a significant drop in Nifty’s value from the resistance zone of 22000 – 22120, which may continue to act as resistance in the upcoming session. Conversely, on the downside, Nifty is expected to retreat towards the 21700 – 21500 zone.

BANK NIFTY Prediction

Bank Nifty experienced a significant drop and ended substantially lower. The consolidation observed over the past three trading sessions has been broken on the downside. It is anticipated that Bank Nifty will move towards the support level of 45000 – 44420. Conversely, on the upside, the range of 46000 – 47000 is expected to serve as an immediate resistance..

Stock Prediction for 09th Feb 2024

STOCK Good Above Weak Below
ACC 2525 2500
INDUSTOWER 229 225
LT 3364 3335
SBIN 703 696

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