Nifty Prediction for the week July 17 - 21, 2023 by BL GURU

After being in a sideways range for most part of the week, Nifty moved up well on Friday and has closed on a strong note. The outlook remains bullish. Any dip will be short-lived as strong supports are available to limit the downside. As such, we expect Nifty has room to rise further in the coming weeks. Bank Nifty has dipped last week. However, the pace of fall is slow, and supports are coming up. So, we can expect the Bank Nifty index to reverse higher in the coming days. Overall, the outlook continues to remain bullish. Nifty has resistance at 19,650. A break above it can take the Nifty up to 19,800. Supports are at 19,420 and 19,360 Nifty Bank index has good supports at 44,400 and 44,280. We can expect the index reverse higher from either of these supports and rise to 46,000. Dow Jones in stuck in between 33,600 and 34,600. The bias is bullish. We expect the Dow Jones to break 34,600 and rise to 35,500 in the coming weeks. #niftyprediction, #nifty, #nifty50, #niftyanalysis, #niftyweeklyanalysis, #niftytomorrow, #niftytomorrowprediction, #niftyviewtomorrow, #nifty_bank_nifty_prediction, #banknifty, #bankniftyprediction, #bankniftyanalysis, #bankniftytrading, #niftybank, #bankniftytomorrow, #dowjonesprediction, #dowjones analysis, #usfed, #usfedmeeting, #usfedratehike, #dowjonestrading, #dowjonesindex, #dowjonesanalysis BL Portfolio: https://www.thehindubusinessline.com/portfolio/ Write to the following email ids for any queries on 1) Futures & Options (F&O) : derivatives@thehindu.co.in 2) Technical outlook on the specific stocks: techtrail@thehindu.co.in 3) Mutual Funds: mf@thehindu.co.in 4) Investments, Personal finance: blportfolio@thehindu.co.in SOCIAL MEDIA HANDLES Facebook - Blportfolio https://www.facebook.com/profile.php?id=100086211032670 LinkedIn - BL Portfolio https://www.linkedin.com/in/bl-portfolio-314bb2220 Twitter - @BlPortfolio https://twitter.com/BlPortfolio?t=B3zkMfwKIMuoHWBWJfoZ3w&s=09 -- Follow us on: Website: https://www.thehindubusinessline.com Facebook: https://www.facebook.com/TheHinduBusinessLine Twitter: https://twitter.com/businessline Instagram: https://www.instagram.com/hindu_businessline Spotify: https://open.spotify.com/show/0dT640TEOm9S2ThjMpTCnV?si=aced8445196f48c1