Nifty and Nifty Bank index bounced back last week. That can continue to keep the Nifty under pressure for some more time. We see chances for some more fall from here before the indices begin a fresh leg of upmove. Nifty has room for a fall to 24,750 or 24,450-24,250. Nifty Bank index can test 50,300 or even 49,750 and 49,300 and then rise back again.
Source: The Hindu October 12, 2024 10:41 UTC