Nifty and Bank Nifty Prediction for the week 14 Apr’25 to 18 Apr’25 by BL GURU

Last week we said in a worst-case scenario, Nifty can run into a sideways consolidation. That seems to be working out very well. After opening with a wide gapdown, Nifty 50 has recovered almost all the loss last week. As we indicated, the fall last week actually gave a very good buying opportunity. Charts say that all is well for the Indian markets

Nifty has support at 22,450. Nifty 50 index can rise to 23,200 and even 23,900 in the coming weeks. Nifty has to break below 22,450 to come under pressure for a fall to 22,000 and 21,700.

Nifty Bank index has support at 50,000-49,900. The bias remains positive. NiftyBank index can rise to 52,800.

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Published on April 12, 2025

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