Stock Market Intraday Prediction for Bank Nifty 29th April 2024:- Indian Stock Market gives a huge fall after yesterday huge movement. In the opening the market gives a gap up following the Asian market, but it couldn't sustain. Sensex, Nifty and Bank Nifty losses as it moved towards the end and closed in deep red. Bank Nifty moved more than 0.70 percentage to close at 293 points down on Friday.
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| Intraday Prediction for Bank Nifty 29th April 2024 |
On sectorial Indices, Financial services, Auto sector and banking gives a bearish movement and on the other hand we could find some bullish movement in Media, Pharmacy and Realty sectors. Top Nifty gainers: Tech Mahindra, Divis Labs, LTI, Mindtree, Bajaj Auto and BPCL and Top Nifty Losers: Bajaj Finance, Bajaj FinServ, Nestle India, IndusInd Bank, M&M. NSE Volatility Index, India VIX moved 1.86 percentage to close at a 10.93 levels.
Nifty Midcap indices and small cap indices were in positive to move 0.79 percentage and 0.50 percentage respectively. Sensex moved 0.82 percentage down to end at price of 73730 levels. Bank Nifty also gives a bearish movement to end at a price of 48284 levels on Friday's market. Have You checked Our previous post on " Nifty 50 Intraday Prediction for 29th April 2024".
Bank Nifty Intraday chart Analysis for 29th April 2024
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| Stock Market Intraday Prediction for Bank Nifty 29th April 2024 |
The above Given is the 15 minutes chart of Bank Nifty in Trading view platform. The major support and resistance levels are 48140 to 48090 and 48450 to 48510 Levels respectively. If market opens above the resistance levels or give a breakout above this level can give a upside targets of 48685 and 48878 levels. If Bank Nifty open below the above mentioned support levels then you can expect further downside movement to give a targets targets of 47765 and 47398 levels.