Nifty has managed to sustain itself very well above 24,000 all through last week. The strong rise on Friday indicates that the Nifty 50 is gaining momentum. Overall, our bullish view remains intact. We expect the Nifty to break its immediate resistance and go higher in the coming weeks.

The Nifty Bank index, on the other hand, continues to remain in a range. It can make a bullish breakout of its range and rise going forward.

Nifty is likely to break its 24,400-24,500 resistance and rise to 24,800 or 24,950.

The nifty bank index is likely to make a bullish breakout above 58,900 and rise to 60,500-61,500.

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Published on July 18, 2026