NIFTY 50, SENSEX TODAY: What to expect from the Indian stock market in trading on October 14

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open flat on Tuesday and locate mixed global market ways. The trends on Gift Nifty also indicate a wave of starting for the Indian stock market today. The Gift Nifty traded about 25,319 level, a premium of almost 10 points from the Nifty Futures’ previous closure. The Indian stock market indices ended on Monday, with Nifty 50 criterion holding over 25,200 level. The Sensex fell by 173.77 points, or 0.21%, to close at 82,327.05, while the Nifty scored 50 58.00 points, or 0.23%, lower at 25,227,35. Here’s what to expect from Sensex, Nifty 50 and Bank Nifty Today: Sensex Prediction Sensex got support almost 82,000 and jumped sharply back to a gap-down Monday. “We believe that the intraday market texture is volatile and non-direction; thus the level-based trade would be the ideal strategy for day traders. To the disadvantage would 82,000 and 81,800 serve as key support zones for Sensex, while 82,500-82,800 could serve as immediate resistance areas for the level of 81,800.” Shrikant Chouhan, Head Equity Research, Kotak Securities. According to Mayank Jain, Market Analyst, Share.Market, market participants should look at the 82,100 to 81,900 support zone, a violation can strengthen further profit discussion. “Upside resistance is seen at 82,500-82.700, where the offer can arise. The short-term trend will depend on the global news flow and continued earnings commentary, with investors likely to remain conservative unless external headwinds subside,” Jain. The 25,300 strike recorded, while the maximum placed interest concentrated at the strike of 25.200. Limited. Nifty 50 Prediction Nifty 50 forms a green candle on the daily map, which indicated an underlying strength. Technically, this market action indicates a meager movement or minor downward correction in the market. Nagaraj Shett, senior technical research analyst at HDFC securities, had a larger grade higher tops and bottom on the daily / weekly chart, and the recent UPMOVE may match the formation of a new higher top of the order. Bounce back from the low. was observed during the strike of 25,300, which now holds the highest open interest (OI) on the call side. A definite interruption above 25,300 can cause short coverage, which paves the way for further upside down. Meanwhile, the base has shifted higher to the strike of 25,200, indicating strong support at that level. In general, the data count seems positive, and a sustained move above 25,300 will confirm a follow -up event in the index, ‘says Jain. According to Dr. Praveen Dwarakanath, Vice President of Hedged., The Nifty 50 formed an insider chandelier, which indicates the decision-making in the index. ” The majority of the day remained a series of 50 points and suggested the option of the option of the option. Writers under 25,150 levels. The ADX DI+ and the ADX line move in tandem, which indicates no clear trend in the index. The RSI average line crossed the RSI line at the end of the day and named a possible move at the top of the closing price, “Dwarakanath said. Mayank Jain noted that the immediate support of Nifty was located on 25,100, followed by a stronger base near 24,900.” If the market sentiment improves, resistance to the rest of 25,300 – 25,350. Sustained buying above these levels can cause a move to the 25,500 – 25,600 zone; However, if global clues are poorly staying or inflation data, further disadvantage after support levels is possible, ”says Jain. Bank Nifty Prediction Bank Nifty Index finished 15.25 points on Monday, or 0.03%, higher at 56,625,00, which forms a bullish chand on the daily chart, with a positive degradation.” Nify Bank Index managed. and still keeps comfortable above all important moving averages on both the daily and hourly maps, reflecting constant power in the broader tendency. The RSI at 67 remains in a positive area, which maintains upward power, while the MACD still holds a bullish crossover, indicating a steady momentum. The hourly setup also remains resilient, with the supertrend indicator offering trailing support, ”said to Mehra, Technical Research Analyst, Samco Securities. Bank Nifty is Currently Trading Above its Immediate Support at 56,400 – 56,150, While Resistance is VISIBLE AROUND 56.780 -56,900. Hishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Intermediate said that the immediate support for the bank Nifty was placed near 56,300, where the Trendline is supported, followed by the support 55.820. As a result, traders are advised to maintain a buy -on -dips strategy in the short term, “said Yedve. Expect the bank indices in the head of the immediately of the right away. Bajaj Broking Research.