Nifty failed to sustain the break above 24,000. The struggle to get a strong follow-through rise above 24,000 and the sharp fall on Friday keep the short-term picture weak for the Nifty 50.
Nifty looks vulnerable for a fall to 23,000 and even 22,400. To avoid this fall, Nifty has to get a sustained rise above 24,000. Only then can the Nifty 50 rise to 24,300 and 24,700.
The Nifty Bank index has a crucial support at 53,700. A break below it can drag the Nifty Bank index down to 51,000-50,500. To avoid this fall, the Nifty Bank index has to sustain above 53,700 and rise past 54,500.
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Published on May 30, 2026
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