The rise to test the resistance at 23,800 on the Nifty 50 happened as expected. This resistance at 23,800 is holding well for now. The overall picture is positive. However, there are chances for the #nifty to see a dip in the near-term before the index moves up again targeting 24,000.

Nifty may dip to 23,200 or 22,900 and then rise back to 24,100.

Nifty Bank index has support at 51,000-50,900. Nifty Bank index can rise to 53,000. A break above 53,000 will be very bullish to see 54,000 and higher levels.

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Published on March 29, 2025