Market Outlook: Can Nifty 50 and Bank Nifty Reverse Their Downtrend?

The Nifty 50 and Bank Nifty indices are at a critical juncture after consecutive days of losses. Experts suggest a “buy on dips” strategy as the broader market trend remains positive. The Nifty 50, currently trading near 24,039, faces key resistance in the 24,200–24,350 zone, while support lies at 23,800. A decisive move above resistance could signal a continuation of the uptrend, but geopolitical tensions may intensify selling pressure if support is breached. Similarly, the Bank Nifty, closing at 54,664, must hold above 54,000 to maintain its bullish structure resistance at 55,000–55,500. This analysis highlights the importance of monitoring key levels and market sentiment to navigate the current volatility effectively. Explore the detailed trading strategies and expert insights shaping the market’s next move.

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