The Indian stock market is expected to open lower on Tuesday, detecting the weakness in the global markets, and before the levy of US rates on India. The tendencies on gift Nifty also indicate a negative start to the Indian measure index. The Gift Nifty traded about 24,905 level, a discount of nearly 85 points from the Nifty Futures’ previous closure. The stock market ended on Monday, with Nifty 50 benchmark holding above the 24,900 level. The Sensex rose by 329.06 points, or 0.40%, to close at 81,635,91, while the Nifty scored 50 97.65 points, or 0.39%, lower at 24,967.75. Here is what to expect from Sensex, Nifty 50 and Bank Nifty Today: Sensex Prediction Sensex forms a cherry charts on daily charts, which indicates indecision between bulls and bears. ‘We believe that the intraday market structure is not direction; Therefore, the level -based trade would be an ideal strategy for day traders. For the Bulls, the 81,800 level will be the immediate outbreak point. ‘ A successful getaway above 81,800 can push Sensex to 82,300 – 82.500. On the other hand, 81,400 – 81,300 would have a key support for day trading. ‘Chouhan, Head Equity Research, Kotak Securities. Under 81,300 level, he believes that the chances of hitting 81,000 – 80,800 are increasing significantly. Nifty OI data in the options segment, the highest Nifty Call OI (open interest) is placed on 25,200 and 25,500, which marks the most important resistance zones, while seeing the highest OI at 24,900 and 24,800, which highlights strong support levels. “The combined technical and derivatives indicate that the prejudice of the market is careful still bullish. A definite close above 25,100 can cause fresh upside momentum. Traders are advised to stay careful, the use of quality use, and to protect positions with strict stop loss,” Mandar Bhojane, SR Technical & Derivative Analysst at Choice Broker. Nifty 50 Prediction Nifty 50 forms a modest green candle that reflects consolidation with a positive tilt. “A small positive candle is formed on the daily map with a minor upper and lower shade (inside-day type of Christmas pattern). This market action indicates an absence of follow-up sales in the market to a sharp weakness of Friday. This is a positive indication,” said Nagaraj Shetti, senior technical research analyst at HDFC Securities. The opening of the opening of August 18 remains after six sessions of its foundation. This bullish getaway gap indicates the near -term more upside down for the Nifty 50. Therefore, the next upward target is to be watched in the near term about 25,200 – 25,300. Immediate support is placed on 24,800, he added. Nilesh Jain, chief technical and derivative research analyst (equity research), Center Broking Ltd noted that the markets have staged a sharp setback, as the Nifty 50 index forms a small, bullish candle with both upper and lower shadows. “However, Nifty 50 had strong resistance to the 50-DMA, placed on 25.020. To Ghawalkar, market analyst, Share.Market said that Nifty 50 immediate support has 24,860 and deeper support at 24,700, with resistance to 25,070 and 25.250.” expected, as global and earnings are still playing out, “Ghawalkar said. Bank Nifty Prediction Bank Nifty finished 10.10 points on Monday, or 0.02%, lower at 55,139,30, forming a doji chicks with lower high and lower low, which indicates the consolidation around the 55,000 levels. leading indices underperform. On Monday, it closed flat and formed a Doji chandelier pattern on the daily chart, which was the decision -making among the market participants. Research and derivatives at SBI Securities. At the top, the 55,300 – 55,400 resistance zone will serve as an important obstacle to any recovery attempt, he added. Hishikesh Yedve, AVP technical and derivative research, Asit C. Mehta Investment Intermediates Ltd. emphasized that the bank Nifty formed a doji candle on the daily scale, reflecting the purchase of interest near the demand area. ‘Immediate support is placed at 55,030, followed by 54,900, where a multiple support base is located. On the upside, the 55,950 – 56.160 zone will perform in the near term. That’s why the traders are advised to stay careful in the bank and wait for confirmation of a bullish reversal before taking fresh positions, ‘Yedve says. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.
Nifty 50, Sensex Today: What to expect from the Indian stock market in the trade on August 26 before Trump rates
