Nifty 50, Sensex Today: What to expect from the Indian stock market in trading on July 31 to Trump Tarifts, US Fed Policy | Einsmark news
Indian stock market indices, Sensex and Nifty 50, are likely to open lower on Thursday after US President Donald Trump slapped 25% on Indian goods. The trends on Gift Nifty also indicate a gap-starting to the Indian benchmark index. The Gift Nifty traded about 24,673 level, a discount of almost 196 points of the Nifty Futures’ previous closure. The Indian stock market ended on Wednesday, with the Nifty 50 closing above 24,800 level. The Sensex closed 143.91 points, or 0.18%, at 81,481,86, while the Nifty scored 50 33.95 points, or 0.14%, higher at 24,855,05. Here’s what to expect from Sensex, Nifty 50 and Bank Nifty Today: Sensex Prediction Sensex formed a small candle on the daily maps and the narrow range of activity on intraday cards, which indicates indecision between bulls and bears. ‘The next obstacle for Sensex lies in the 82,000 – 82,200 series, where it sold earlier. The disadvantage is seen the support near 80,800 – 80.600. If this zone breaks, it can be sold fresh. ‘ A definite getaway above the resistance area can open the purchase of a revival of a resumer of the upward momentum. Conversely, a conversion under the support support under the support zone. dropped, ”says Mayank Jain, market analyst, share.Market. Nifty Oi -data on the Nifty Options Front, the highest call is open interest on the 25,000 and 25,200 strikes, suggesting that overhead resistance zones, while the highest placed interest in the 24,800 strike, which indicates a strong support base. Continuation of the continuation, provided important support levels are kept, says Mandar Bhojane, senior technical and derivative analyst – research at Choice Equity Broking. Therefore, the formation of a small Christmas pattern of Wednesday can be regarded as a scope under the immediate obstacle of 24,900 – 25,000, according to the change in polarity. After the current series, the market is expected to break above the said resistance in the upcoming sessions. “According to him, the underlying trend of Nifty 50 remains positive, and a sustainable stir above the hurry of 24,900 – 25,000 levels is likely to draw the market to the next important resistance area of 25,250 levels in the near term. Immediate support is placed on 24,750. Motilal Oswal noted that the Nifty 50 forms a small, clumsy candlestick with a longer lower shade on the daily frame, which is an indication of support -based buying and a pillow base. “Now Nifty must keep 50 above 24,750 zones, for a stir in the direction of 25,000 and 25,100 zones, while support on 24,700 and 24,600 zones can be seen,” says the brokerage firm. Mayank Jain believes that the immediate resistance for Nifty 50 is almost 25,000 – 25.050, and a stronger Has supported in the short term about 24.650-24.600, and a breakdown under this area could lead to further disadvantage. 24,800 will find and resist at 25.030 and 25,200 in the contemporary session, ‘Ambala said. Bank Nifty Prediction Bank Nifty finished 71.30 points on Wednesday, 0.13%, lower at 56,150,70, which formed a clumsy candle with the open and high remaining slightly, and continues to move below the most important short -term average, reflecting the subdued momentum before the monthly expiration. “The support zone of 55,800-55.700 will be crucial to looking at the bank. To hold above this tire is essential to maintain the current short-term-positive bias. On the other hand, the resistance zone of 56,400-56.56 is expected to set a significant challenge. Chief and Derivative Research Research, SBI Securities. Mehra, technical research analyst, Samco Securities, emphasized that the bank remains Nifty index under the violating trend line that previously offered multi-week support. The RSI slipped to 44, while the MACD shows a larger clumsy transition, confirming the weakening of the weakening. “On the hourly chart, the resistance of the super-trend remains near 56,500. The intraday recovery could not gain power and was closed near the Middle Bollinger band. The immediate support lies at 55,800, followed by an important disadvantage of 55,600. If this zone breaks, the index can drop. According to him, until Bank Nifty certainly regains the short-term-moving averages and the rising trend line on the daily chart, the trend may remain slightly weaker. With the volatility that continues to rise, a cautious approach remains appropriate as we prepare for possible large swings in the upcoming session. Hishikesh Yedve, AVP technical and derivative research, Asit C. Mehta Investment Interrediates Ltd. said that the bank Nifty index forms a small red candle on the daily map, indicating sales pressure at higher levels. “However, a strong base is established near 55,840, while the 34-dema barrier is placed on the upside about 56,490. So traders are advised to buy close support and sell nearby in the short term,” Yedve said. Disclaimer: The views and recommendations above are those of individual analysts or brokerage. Check out certified experts before making investment decisions.