NIFTY 50 AND BANK NIFTY PREDICTION FOR MARCH 24, 2025

 

Nifty 50 Prediction for March 24, 2025

• Previous Close: 23,350.40

• Expected Opening: 23,380 – 23,420

• Intraday High: 23,500 (if resistance is broken)

• Intraday Low: 23,250 (if selling pressure increases)

• Closing Prediction: 23,420 – 23,480 (mild positive close)

• Expected Movement: +50 to +130 points (Slightly Bullish)

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Bank Nifty Prediction for March 24, 2025

• Previous Close: 50,593.55

• Expected Opening: 50,650 – 50,750

• Intraday High: 51,000 (if resistance is broken)

• Intraday Low: 50,400 (if selling pressure emerges)

• Closing Prediction: 50,750 – 50,900 (mildly positive close)

• Expected Movement: +150 to +300 points (Slightly Bullish)

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Assumptions Behind This Prediction:

1. Technical Analysis:

   • Nifty Support Levels: 23,250 / 23,100

   • Nifty Resistance Levels: 23,500 / 23,650

   • Bank Nifty Support: 50,400 / 50,000

   • Bank Nifty Resistance: 51,000 / 51,300

2. Market Sentiment:

   • No major negative global cues affecting the market.

   • Institutional buying (FII/DII) providing mild support.

   • Stable crude oil prices and no surprises from the US Fed.

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Conclusion:

• Nifty 50 might see a range-bound session with a positive bias.

• Bank Nifty could test 51,000 but might face resistance there.

• Overall, the market could see a mild gain unless external factors cause volatility.

Note: This is a speculative prediction based on technical analysis. Real market movements depend on multiple dynamic factors. Always check live data before making trading decisions.