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How Will The Market Perform Next Week? Nifty Strong Support At 24,700-800. Nifty Bank Above 52,000

How Will The Market Perform Next Week? Nifty Strong Support At 24,700-800. Nifty Bank Above 52,000

Sakshi Batra
Sakshi Batra
  • New Delhi ,
  • Oct 18, 2024,
  • Updated Oct 18, 2024, 5:54 PM IST

 

Wondering how the market is likely to open next week? Amar Singh, Senior Vice President - Research at Angel One, shares his expert insights. According to Amar Singh, today’s market behaviour indicates a renewed buying interest, especially in Banking and select IT stocks, with a healthy advance-to-decline ratio. Investors don’t seem overly concerned about a sharp correction at the moment. However, choppy sessions could still occur. Key support levels for Nifty to watch are 24,700 to 24,800, while resistance is expected around the 25,200 to 25,300 mark. Bank Nifty, in particular, could see sharp movements if it remains above the 52,000 level. Watch this video for a detailed outlook on what to expect from the market next week!

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