2026-08-17 03:32:37 pm | Source: Monarch Networth Capital
Market Outlook for Nifty50 and Nifty Bank by Monarch Networth Capital
The Nifty50 traded with a negative bias in the previous week before closing 0.83% down at 24,366. Meanwhile, NiftyBank outperformed the benchmark index, losing 0.44% to close at 57,491. This week, the Benchmark Index has support at 23,700–23,900 and resistance at 24,800–25,000, and is expected to trade volatile. The Banking Index, too, is likely to perform in line with the Benchmark, with support at 55,800–56,300 and resistance at 58,700-59,200.
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