The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a clumsy note on Friday, despite the goal of global market ways. The tendencies on gift Nifty also indicate a negative start to the Indian measure index. The Gift Nifty traded about 25469 level, a discount of nearly 41 points from the Nifty Futures’ previous closure. The stock market expanded an extensive rally on Thursday, with the benchmark Nifty 50 closing above 25,400 level. The Sensex rose by 320.25 points, or 0.39%, to close at 83,013,96, while the Nifty scored 50 93.35 points, or 0.37%, higher at 25,423.60. Here’s what you can expect from Sensex, Nifty 50 and Bank Nifty today: Sensex Prediction Sensex has seen a stir and saw some higher levels sales pressure. However, the short -term prospects remain positive. ‘For day traders, the higher lower support is placed near 82,700. We believe that the bullish sentiment is likely to continue. On the higher side, 83,300 will act as an immediate resistance zone for the Bulls. ‘ A successful getaway of 83,300 can say to 83,500 – 83.600 ‘. On the other hand, he added that if Sensex drops below 82,700, the upward trend would become vulnerable, and below this level, traders would prefer to leave their long positions. Nifty 50 Prediction Nifty 50 forms a small cherry with a longer lower shade on the daily chart, which clearly indicates that interest is close to support levels. “A small red candle is formed at the peak on the daily chart with a long lower shade. Technically, this market action indicates a formation of a candlestick that is a candlestick. said Nagaraj Shetti, senior technical research analyst at HDFC Securities. According to him, the short-term overhaul of Nifty 50 remains positive, but the market shows signs of a presence of strong overhead resistance of about 25,500 levels. “Therefore, in the short term, one can expect high volatility at higher levels. The higher resistance in the short term is placed at 25,700 and immediate support is placed at 25,300,” Shetti said. Nilesh Jain, head – technical and derivative research analyst (equity research), Center Broking Ltd said that the Nifty 50 a higher top and higher which gives a positive trend. Support moved higher to about 25,300. In addition, the most important momentum indicators and oscillators showed on the daily map, strengthening the positive outlook. Given the recent strong rally, a buy-on-dip approach is recommended, “said Jain. Supeep Shah, Chief-Technical Research and Derivatives at SBI Securities have emphasized that the Nifty 50 index is currently trading above all most important moving averages, and momentum indicators such as RSI and MACD also show the Bullish strength. Positive undertone in the market. On the downside, the zone is likely to act as an important support area between 25,300 – 25.270, ‘Shah said. Bank Nifty Prediction Bank Nifty Index closed 234.15 points, or 0.42%, at 55,727,45 on Thursday, which forms a hanging man on the daily scale, which reflects uncertainty. “On the higher side, the bank-nifty index of the bank will face near the 56,000-56,160 zone, where major resistance is placed. Immediate support for the bank is seen near 55,050, where the 34 dema is placed, followed by 54,500. So traders are advised to buy above,” Research, Asit C. Mehta Investment Interrediates Ltd. We expect the index to maintain positive bias and be higher than 56,000- 56,150 levels in the upcoming sessions the 61.8% hearing of the total decline (57,628-53,561). On the downside, the broker is on the standings. house. While the most important support for bank nifty is placed at 54,000 levels, it is the confluence of the past week low and the most important withdrawal of the current withdrawal, it added. 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 trading on September 19 to the global markets
