Buy or sell: The Nifty Index concluded the week at 24,180, falling below the anticipated support zone of 24,800. As noted previously, a close beneath this level could trigger further selling in the equity market, positioning the index toward the 24,000 mark. With the weekly close near 24,000, market participants are keenly watching whether the … Read more
The Nifty 50 index wrapped up the week at 24,965, comfortably above the anticipated support zone of 24,800 to 24,900. A consistent close above the key support level of 25,700 indicates that the bullish trend may continue, with potential resistance levels looming around 26,700. Market participants are keenly observing whether the Nifty 50 index can … Read more
Buy or sell: As discussed last week, both the Nifty and Bank Nifty indices were in overbought conditions, resulting in a significant correction over the past week. The Nifty index dropped by nearly 5%, closing at 25,014, while the Bank Nifty corrected by about 6%, ending at 51,462. The Federal Reserve’s decision to cut interest … Read more
Buy or sell: The Nifty index concluded the week at 24,852, settling comfortably within the anticipated support zone of 24,800-24,900. Throughout the week, the index demonstrated notable volatility, oscillating between 24,800 and 25,400. The consistent close above the key support level of 24,600 suggests that the bullish trend may persist, with the potential to test … Read more
The Nifty index closed the trading week at 24,500, marking a weekly high of 24,500, close to the resistance zone of 24,500-24,600. Throughout the week, the index fluctuated within a range of 24,100-24,500. This rally can be considered a pre-budget rally, focusing on manufacturing, infrastructure, export, defense, auto, and fertilizer sectors specifically. The bullish trend … Read more