Nifty 50, Sensex Today: What to expect from the Indian stock market in the trade on May 22 | Einsmark news

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open 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 24,775 level, a discount of nearly 57 points from the Nifty Futures’ previous closure. The domestic stock market on Wednesday hampered its three -day loss of loss to finish higher, with the criterion Nifty 50 closing above 24,800 level. The Sensex scored 410.19 points, or 0.51%, to close at 81,596,63, while the Nifty scored 50 129.55 points, or 0.52%, higher at 24,813.45. Here’s what to expect from Sensex, Nifty 50 and Bank Nifty Today: Sensex Prediction Sensex faced resistance to 82,000 and was sharply corrected on Wednesday, but the session ended 410 points higher at 81,596.63. “Sensex finally managed to close more than 81,200, which is largely positive. A breakout above 82,200 can print Sensex to 82,500 – 82.700. On the other hand, if the index drops below 81.200, the sentiment can become negative. Kotak Securities. recycling, although the gap between the two stays narrow. The daily RSI stands at 60, with a slight uptick and an indication of the possibility of an improved outlook. On the hourly chart, the higher and higher structure remains intact, as long as 24,494 defense. To a decisive move above the 25,000 – 25.020 zone is inevitable, ‘says Mehra, technical research analyst, Samco Securities. The VIX of India remained exalted on 17.55 and continued to hang in the 17 – 18 series. Depending on whether it rises further or starts to cool down, this increased volatility may serve as a barometer for market yield, he added. Hishikesh Yedve, AVP Technical and Derivatives Research by Asit C. Mehta Investment Interrediates Ltd. noted that the Nifty 50 formed an inside bar on the daily map, suggesting that there is consolidation in the previous Christmas series. “The index currently has resistance to resistance near 25,000. A definite move above 25,000 can result in the index testing 25,200-25.250 levels. A shooting star in the daily map and an interior pattern on the 3-hour card. Week meeting, ‘Ambala said. (55.356) Return to 55,800 – 56,000 levels. (49,1577 – 57.2%) indicating a level withdrawal indicating underlying power and potential higher lower formation, “said Bajaj Broking Research. Within the consolidation, the brokerage firm dips should be used as buying opportunities. Yedve said that the bank Nifty index technically forms a doji -charts on the daily map, which indicates indecision. Research analyst, Samco Securities, is the bank Nifty index exactly swinging within the broader range of 54,442 to 55,696, suggesting that it is a continuous correction of time. Recent, unless a break is out of this broader consolidation area. Investment decisions make.