Nifty and Bank Nifty Prediction for the week Aug 28 to Sept 01, 2023 by BL GURU
The Indian markets continued to fall for the fifth consecutive week. #Nifty fell sharply failing to sustain the intraweek break above 19,500. But as we mentioned last week, the recent fall has been happening at a very slow pace. This strengthens the case that the ongoing fall is just a correction within the overall uptrend. Strong supports are coming up for the Nifty that can halt the fall. We expect the Nifty to resume its overall uptrend in the coming weeks. #Nifty has strong support at 19,100 – 19,000. We expect this support to hold. #Nifty can rise to 19,300-19,500 in the short-term and 20,000-20,200 over the medium-term. #BankNifty / #niftybank has to breach 45,000 to gain bullish momentum and rise to 46,000-46,500. The index will come under pressure if it breaks below the support at 43,600. In that case, a fall to 43,000 is possible. #Dowjones has strong support in the 34,000 – 33,800 region. We can expect the Dow Jones to move to 35,000 in the short-term and 36,500 over the medium-term. #niftyprediction, #nifty, #nifty50, #niftyanalysis, #niftyweeklyanalysis, #niftytomorrow, #niftytomorrowprediction, #niftyviewtomorrow, #nifty_bank_nifty_prediction, #banknifty, #bankniftyprediction, #bankniftyanalysis, #bankniftytrading, #niftybank, #bankniftytomorrow, #dowjonesprediction, #dowjones analysis, #usfed, #usfedmeeting, #usfedratehike, #dowjonestrading, #dowjonesindex, #dowjonesanalysis #market #nifty #niftypredictionfortomorrow #bankniftytomorrowprediction BL Portfolio: https://www.thehindubusinessline.com/... Write to the following email ids for any queries on 1) Futures & Options (F&O) : [email protected] 2) Technical outlook on the specific stocks: [email protected] 3) Mutual Funds: [email protected] 4) Investments, Personal finance: [email protected] SOCIAL MEDIA HANDLES Facebook - Blportfolio https://www.facebook.com/profile.php?... LinkedIn - BL Portfolio / bl-portfolio-314bb2220 Twitter - @BlPortfolio https://twitter.com/BlPortfolio?t=B3z... -- Follow us on: Website: https://www.thehindubusinessline.com Facebook: / thehindubusinessline Twitter: / businessline Instagram: / hindu_businessline Spotify: https://open.spotify.com/show/0dT640T...
