Last week we said that everything is fine for Indian markets. In line with that, Bank Nifty and Nifty index has increased last week. Nifty Bank Index has made a #Bullish #Breakout. #NIFTY50 also shows strong signs of a trend investment in different graphics, especially in the Ichimoku cloud table
Then, in general terms, the Bank Nifty and Nifty Index is ready to see New Leg of Upmove for the rest of the year.
NIFTY has 23,400-23,400 support. The resistance is around 24,000. We hope that the ingenious breaks 24,000 and increases at 24,500-25,000 in the short term
Nifty Bank Index has 52,500 support. The perspective is optimistic to see 58,000 in the rise.
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Posted on April 19, 2025
