New Delhi. Consolidation was seen in the stock market last week. During this, Nifty fell 50 points or 0.20 percent to 24,964 and Sensex fell 307 points or 0.38 percent to 81,381. Next week is going to be very important for the Indian stock market. The results of the second quarter of FY 2024-25 to be announced by the companies, retail and wholesale inflation data will affect the market movement. Apart from this, the impact of fluctuations in crude oil prices, dollar index movement, and activities of Foreign Institutional Investors (FII) can also be seen on the stock market.

Last week, FIIs sold shares worth about Rs 28,000 crore. During this period, Domestic Institutional Investors (DIIs) invested more than Rs 31,000 crore.

Nifty can reach the level of 24,440.
Santosh Meena, Research Head of Swastika Investment, says that at the next global level, the data coming from America, Japan, China, and Europe can have a direct impact on the market. He further said that the short-term bottom level of Nifty is 24,750. A big rise in Nifty will come again only after breaking the level of 25,330 and 25,500. If Nifty breaks the level of 24,750, then it can go to the level of 24,440 and 24,100.

Bank Nifty can reach the level of 52,200
Palka Arora Chopra, Director of Master Capital Services Limited, said that Bank Nifty is trading in a limited range. Currently, its support is at 50,600. If this level breaks, then the level can be seen up to 50 thousand. 51,700 will be an important resistance level for Bank Nifty. If it breaks it, then the level can be seen up to 52,200. In this, investors should adopt the strategy of buying on dips.