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Nifty Prediction For June 15: Analysts See 24,000 Target If Index Breaks 23,800; Know Support & Resistance Levels
Analysts say Nifty could target 24,000 if it decisively breaks above 23,800.
Executive Summary
Nifty 50 enters the new trading week with renewed momentum after reclaiming 23,500 and closing above its 20-day moving average. Analysts identify 23,800 as the key resistance level. A sustained breakout could open the path toward 24,000 and 24,200, while support remains near 23,250 and 23,100.
Key Takeaways
- ✓Nifty gained 1.1% during the week.
- ✓23,800 remains the key resistance level.
- ✓A breakout above 23,800 could trigger a rally toward 24,000 and 24,200.
- ✓Bank Nifty continues to outperform broader markets.
- ✓The Federal Reserve meeting is the major event to watch.
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