16th Jan 2024 Stock Market Prediction for Nifty & Bank Nifty
Nifty bulls continued their strong push, driving the index to record highs above the 22,000 mark. The key support for the index is located in the 22,000-21,800 range, and a drop below this is crucial to reverse the current trend. The next immediate targets for the index are at 22,300/22,500 levels. Maintaining levels beyond this could propel the index towards the 22,800 mark.
BANK NIFTY Prediction
Bank Nifty bulls retained dominance, achieving a significant breakthrough by closing above the crucial 48,000 resistance. Eyes are on the forthcoming HDFC Bank results, with a favorable outcome potentially driving further gains towards the next pivotal resistance at 48,500. On the downside, essential support is at 47,500, and a fall below this level could impact the prevailing bullish sentiment.
Stock Prediction for 16 Jan 2024
telegram – https://telegram.me/gagashare