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  5. NIFTY50 indicates a bullish continuation on the weekly chart

Market News

NIFTY50 indicates a bullish continuation on the weekly chart

Gauri Singh
By Gauri Singh

3m 31s | Updated on July 08, 2024, 09:33 IST

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SUMMARY

Let’s take a look at the analysis of NIFTY and BANK NIFTY.

NIFTY had a negative start on Friday, opening near its crucial support zone. Despite volatility and selling pressure throughout the day, late buying helped the index recover all its losses and close flat. Due to weakness in HDFC Bank, BANK NIFTY remained weak throughout the day and turned range-bound after a gap-down opening. However, support from SBI and other banks helped arrest the selling pressure. Let's examine the positioning on the daily charts.

About The Author

Gauri Singh
Gauri Singh is an anchor and journalist with over a decade of experience, currently covering business, finance and general news. Beyond her professional pursuits as a storyteller, she is a cricket fan, loves travelling and is a dedicated yoga practitioner.

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