Nifty 50, Sensex Today: What to expect from the Indian stock market in trading on August 28 after Trump rates

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Thursday, as the additional US rates of 25% have come into effect on Indian exports. The cumulative tariff imposed by the US on India is now 50%. The trends on gift Nifty also indicate a poor start to the Indian measure index. The Gift Nifty traded about 24,665 level, a discount of nearly 66 points from the Nifty Futures’ previous closure. Indian markets were closed on Wednesday, August 26 due to Ganesh Chaturthi. The domestic stock market ended on Tuesday, with the benchmark Nifty 50 closing below 24,800 level. The Sensex cracked 849.37 points, or 1.04%, to close at 80,786,54, while the Nifty scored 50 255.70 points, or 1.02%, lower at 24,712.05. Here’s what to expect from Sensex, Nifty 50 and Bank Nifty Today: Sensex Prediction Sensex has formed a long, clumsy candle on the daily charts and keeps a lower top formation on intraday cards, which are largely negative. “We believe that the intraday market texture is weak, but a new sale is only possible after the dismissal of the 80,500. Under this level, Sensex can re -test the level of 80,200 – 80,000. On the other hand, above 20 days SMA or 81,000, a retreat is likely to continue up to 81,300 – 81.500. Call Open Interest (OI) was observed during the strike of 24,800, while the highest placed interest concentrated during the strike of 24,500. Nifty 50 Prediction Nifty 50 forms a big, clumsy candle on the daily map and breaks below the 50-dema support at 24,840, indicating a fresh weakness. was added to the disadvantage and Nifty 50 could show off the gap support of about 24,700. Supeep Shah, main technical research and derivatives at SBI Securities, noted that the Nifty 50 index slipped below the 20-day and 50-day EMA, which is an indication of a weakening of the short-term momentum. RSI on the daily map adds to the negative technical setup. He continues to believe that the 100 -day EMA zone of 24,640 -24,600 will act as immediate support for the Nifty 50 index, and that any sustainable move below the level of 24,600 will lead to further correction to the 24,400 level. On the upside, the 20-day and 50-day EMA zone of 24,830-24.850 will act as an important obstacle for the index. Dr Praveen Dwarakanath, Vice President of Hedged.in. “Nifty 50 index filled the gap on the way to the GST news on August 18. The US tariff must be implemented on August 27, which could also be the reason for the fall. Any change in tariff can push the markets upside down,” Dwarakanath said. Bank Nifty Prediction Bank Nifty Index dropped 688.85 points, or 1.25%, on Tuesday to close at 54,450,45, which formed a large, clumsy candle, which confirms strong sales pressure at higher levels. “Technically, the banknifty index broke below the 100-dema support as well as the multiple demand area at 54,900, which led to a head-and-shoulder pattern breakdown and the formation of a large, clumsy candle on the daily scale. AVP Technical and Derivative Research, Asit C. Mehta Investment Intermediate Ltd. of 54.905, which could not keep a support. The RSI has dropped to 33, which slides closer to the too much area, while the MACD stays in a negative area. The broader trend may remain fragile as the index is unable to maintain above the short-term average. Support is now 54,000. Excluded, but a selling-yield approach would be preferable to the upcoming sessions, “Mehra 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 before making investment decisions.