Nifty and Bank Nifty Prediction for the week 02 Mar’26 to 06 Mar’26 by BL GURU

3 months ago 18

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Nifty and Nifty Bank index have come down last week. Nifty is now poised near a very crucial support. A bounce from here can give some relief. Even if the nifty 50 breaks the support and extends the fall, the downside can be limited. Long-term supports are there to halt the fall. So, we reiterate that more fall from here on the Nifty will only give us a very good buying opportunity from a long-term perspective.

Nifty has supports at 25,100 and 24,800-24,700. A bounce from here can give some relief rise to 25,500. Long-term support is at 24,000 which can limit the downside in case the Nifty extends the fall below 24,700.

Nifty Bank index has supports at 59,700 and 59,100. We expect the Nifty Bank index to rise back from either of these supports and go up to 62,000 and higher in the coming weeks.

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BL Portfolio: https://www.thehindubusinessline.com/portfolio/

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