Tag: Nifty

Nifty50 major hurdle at 19,300; Bias for Bank Nifty bearish in near-term

Nifty50 exhibits short-term bullish trend; check out key support and resistance levels The Nifty50 index (last close: 19,517) continues to reflect bullish trend on the short-term charts, with current pullback seen as a healthy correction in the near term. This presents an opportune moment for investors to seek out favorable entry points during market dips.… Continue reading Nifty50 major hurdle at 19,300; Bias for Bank Nifty bearish in near-term

Nifty Metal to be range-bound; Pharma index bullish with need for caution

Nifty Metal Index: Hourly Charts Signal Range-Bound Trading The Nifty Metal Index (last close: 6633.45) is currently showing signs of range-bound trading based on the hourly charts. The index is likely to oscillate between the levels of 6675 and 6580, with a decisive move above or below these levels expected to trigger significant directional… Continue reading Nifty Metal to be range-bound; Pharma index bullish with need for caution

US rating downgrade by Fitch spooks markets; Sensex, Nifty slump 1.5%

India’s benchmark indices slumped as much as 1.5 per cent on Wednesday amid a global selloff triggered by Fitch Ratings’ downgrade of US government debt.  The Sensex plunged 1,027 points, or 1.5 per cent, in intra-day trade before recouping some of the losses to end the session at 65,783, down 676 points, or… Continue reading US rating downgrade by Fitch spooks markets; Sensex, Nifty slump 1.5%

Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch

Nifty Private Bank index faces resistance, sideways trend in focus The Nifty Private Bank index (last close: 23,415.70) is currently encountering a near-term challenge with significant resistance expected in the range of 23,550 to 23,650 on a closing basis. Only if the index manages to breach this range, the next resistance level of 23,900 may… Continue reading Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch

Nifty Financial Services may see correction; PSB index eyes profit booking

The Nifty Financial Services index (current market price: 20342.05) has recently shown signs of near-term range-bound movement on charts. Investors are closely monitoring the index’s behavior within the range of 20415 to 20180, as a trade above or below this range could trigger significant directional movements. The primary support levels to watch are set at… Continue reading Nifty Financial Services may see correction; PSB index eyes profit booking

Trend bullish for Nifty50, Bank Nifty indices; buy near support levels

The Nifty Index, presently trading at 19,646.05, is displaying a bullish trend on charts. Despite the recent weakness, the index has managed to find support near the 20-day Exponential Moving Average (20DEMA) at 19,575. This support level is crucial for traders to monitor, as a close below it could trigger further correction in the near… Continue reading Trend bullish for Nifty50, Bank Nifty indices; buy near support levels