The inverted head and shoulder pattern on the #Nifty that we had indicated last week has gone wrong. However, the strong bounce towards the end of the week keeps the broader picture positive. So, there is not major change in our overall bullish view on the Nifty. All that is it is taking slightly a much longer time for our bullish view to happen.

Nifty can rise to 24,800 on a break above 24,350. Support is at 23,800

Nifty Bank index is likely to make a bullish breakout above 58,900 and rise to 60,500-61,500.

Published on July 11, 2026