Nifty 50, Sensex Today: What to expect from the Indian stock market on August 25 to Jerome Powell's Jackson Hole speech

Indian stock market criteria, Sensex and Nifty 50, are likely to open higher on Monday, with strong global market directions, after US Federal Reserve Chairman Jerome Powell’s Jackson Hole speech indicates that he has the interest rate cut at the Fed’s September meeting. The trends on gift Nifty also indicate a positive start to the Indian measure index. The Gift Nifty traded about 24,953 level, a premium of nearly 55 points from the Nifty Futures’ previous closure. The stock market ended on Friday, with the benchmark indices hampering their six -day finish line. The Sensex fell by 693.86 points, or 0.85%, to close at 81,306.85, while the Nifty 50 213.65 points, or 0.85%, lower at 24,870,10. Here’s what you can expect from Sensex, Nifty 50 and Bank Nifty today: Sensex forecasts The Indian stock market yielded a strong return last week, with the BSE Sensex achieving 0.88% last week. “Technically, the 81,900 level or the 50-day SMA will be the key to traders. Under this level, the correction can slide to the 20-day SMA, or about 81,100-81,000. Furthermore, possible, possibly, possibly to drag Sensex to 80,700-80,400. Conversely, a fresh on-“, it is possible. ” Amol Athawale, VP Technical Research, Kotak Securities. that a sustained move above this series can drive the index to 82,500. A breakdown under this area can hinder sellers and drag the index to 80,200 – 80,000, ‘says Jain. Nifty Oi Data Strong presented the writing of the 24,800 and 24,900 strike levels indicates that firm support zones are about 24,650 – 24,700, while writing 25,000 and 25,100 emphasize the immediate resistance areas about 25,080 – 25.120. “A distribution below 24,600 can lead the Nifty 50 index lower in the direction of the 24,350 -24.250 zone, while a continued exposition of more than 25,120 can clear the road to 25,400 -25,550 until a decisive movement occurs on either side, the index is expected to be within the 24.600 -25.120 -Research and Outlying at SBI, a Save, Head of the Chief and Chiefs. Securities. Nifty 50 forecast Nifty 50 rose 0.97% last week and formed an inverted hammer on the weekly map, a clumsy signal indicating a sustained sales pressure on higher levels. “A long-bearded candle is formed on the daily map that indicates a short-term reversal pattern to the disadvantage. The immediate obstacle of the down-hanging trend line weighed high on the market and led to a sharp weakness,” said Nagaraj Shetti, senior technical research analyst at HDFC Securities. According to him, the short -term trend of Nifty 50 is weak and expects the index to support the previous opening -limited gap of 18 August about 24,800 – 24,700 levels by this week. On the other hand, a sustainable upside down above 25,150 bulls can bring back into the scene. Supeep Shah of SBI Securities said the Nifty 50 index forms an evening star chandelier pattern on the daily map, which is typically considered a clumsy turnaround. “This pattern, together with the rejection at an important Fibonacci level, indicates that the bulls may lose grip, and a period of consolidation or a corrective move may be on the maps, unless fresh positive triggers emerge. 24.650 – 24.600 level as important support for the index will act. Top of this week’s series and an important resistance zone. Substantial clumsy candle with a lower high and lower low, which is an indication of the front downward trend. It underperformed the Nifty index, slipped under its 100-DMA to 55,360 and still traded under all moving averages of the short term. On the weekly timeframe, Momentum indicators and Oscillators have a sale of a sales, “says Nilesh Jain, head of Jain, and derivative research analyst (stock research), Center Broking Ltd. At this stage, the bank -nifty index remains under pressure, with an offense below 54,900 probably the decline to 54,400. On the other hand, a move above the psychological mark of 56,000 can cause a short coverage rally to 56,500-57,000, he added. Hishikesh Yedve, AVP technical and derivative research, Asit C. Mehta Investment Intermediates Ltd. emphasized that the immediate support for banking lies with the 100 dema placed around 55,025, while a strong support base was placed around 54,900. ‘A sustained move below 54,900 can extend the decline to 54,500 – 53,900 levels. On the upside, the 55,950 – 56.160 zone will act as an important resistance area in the near term. Traders are therefore advised to stay careful in banking and to avoid aggressive long position, ‘Yedve said. 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.