Nifty and Bank Nifty Prediction for the week 11 Nov’24 to 15 Nov’24 by BL GURU

Nifty failed to sustain the bounce seen last week. That keeps alive the danger of seeing more fall in the short term before the broader uptrend resumes. #Nifty50 is still looks vulnerable for a fall to 23,500 and 23,000 in the short term.

After this fall we can see the #Nifty rising towards 25,000. The Nifty Bank index on the other hand remains stuck inside a sideways range.The downside is limited with strong support at 49,500.



#NiftyBankindex has potential to target 55,000 in the coming weeks. The Dow Jones witnessed a strong surge last week after the US Elections last week. However, it is coming close to a crucial resistance which can halt the rally.

#DowJones has a strong resistance around 44,500. We can expect a strong corrective fall to 41,500 going forward. BL Portfolio: https://www.

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