Nifty 50, Sensex Today: What to expect from the Indian stock market in trading on September 25 after falling in the world markets
Indian stock market criteria indices, Sensex and Nifty 50, are likely to expand losses for the fifth consecutive session and open down on Thursday, detecting the weakness in the global markets. The tendencies on gift Nifty also indicate a negative start to the Indian measure index. The Gift Nifty traded about 25,071 level, a discount of nearly 40 points from the Nifty Futures’ previous closure. The stock market indices expanded losses for the fourth consecutive session on Wednesday, with the Nifty 50 closing below 25,100 level. The Sensex fell by 386.47 points, or 0.47%, to close at 81,715,63, while the Nifty scored 50 112.60 points, or 0.45%, lower at 25,056.90. Here’s what you can expect from Sensex, Nifty 50 and Bank Nifty today: Sensex Prediction Sensex keeps a lower top formation on intraday cards, and on daily charts it has formed a clumsy candle, which is largely negative. “We believe the intraday market texture is weak, but a new sale is only possible after the dismissal of the 81,500 level. Below can Sensex slide to 81,200 -81,000. On the flip side, above 82,000, the retreat can be up to 82,300 -82,500. Head Equity Research, Kotak Securities. The violation of this zone can bring 80,500 as the next test for market sentiment, ‘Jain said. Nifty Oi Data Determine Positioning reflects a cautious undertone, with call writers continuing to surpass writers. “Fresh, Nifty open interest (OI) addition of 1.12 crore contracts At the strike of 25,500, this level established as a formidable resistance ceiling. Conversely, the OI of 1.14 crore contracts at 25,000 as immediate support. tied up, and it has the lead on the standings. Daily graph, which is an indication of the continued profit discussion. Shetti, senior technical research analyst at HDFC Securities. Ltd. Recent returns. Mayank Jain said that the immediate resistance for Nifty is 50 at 25,200 – 25.250, and that a decisive interruption above this level can lift the index to 25,350. Strong support is placed at 25,000 – 24,950, and if this zone breaks, 24,800 may act as the support. Bank Nifty Prediction Bank Nifty on Wednesday fell 388.25 points, or 0.70%, to close at 55,121.50, and formed a clumsy candle, with the highlight of the day much lower than the highlight of the previous session, reflecting a slight loss of positive momentum. “Bank Nifty closed at 55,270 below the 23.6% Fibonacci feedback and is now about to test the 38.2%. To slip below this level, the index can be dragged further towards the 50% terrain near the 54,700 zone. Whole scoring. The RSI dropped to 51 on the daily map and slipped close to 40 on the hourly timeframe, reflecting a loss of power. The daily MACD remains in a positive area. “The broader trend remains constructive above the 20-day moving average (DMA) at 54.620, but the short-term setup indicates an extensive consolidation with a downward trend. Unless the Nifty Bank closes above 55,500, the index can fall lower to 54,800-54.600,” At SBI Securities, the 55,100 – 55,000 zone will serve as an immediate support for Bank Nifty, and a sustained move below 55,000 can lead to the setback further in the index to 54,500. Any follow -up through the purchase above this zone can lead to the resumption of trend in the index, ”says Shah. Hishikesh Yedve, AVP technical and derivative research, Asit C. Mehta Investment Interrediates Ltd. emphasized that the bank Nifty index forms a red candle on the daily scale. 54,800 placed, followed by 54,500. At the top, the zone of 56,000-56,160 will act as a significant resistance. Therefore, a buy-new support and sales resistance approach is recommended in the bank for the short term, “Yedve said. Disclaimer: The views and recommendations above are those of individual analysts or brokerage businesses, and not of Mint. We advise investors to check with certified experts.