Where is share market headed after Nifty closes above 19430, Bank Nifty below 44100; check support, resistance
时间:2024-06-29 03:32:32 阅读(143)
Domestic indices ended Monday’s trading session in the green. The NSE Nifty 50 gained 6.25 points or 0.03% to 19,434.55 and BSE Sensex rose 79.27 points or 0.12% to 65,401.92. Among the broader indices, the Nifty 100 fell 0.15%, Nifty Next 50 sank 1.25% and the Nifty 200 plunged 0.15%, while Nifty Midcap 50 gained 0.05%. In sectoral indices, Bank Nifty tumbled 108.15 points or 0.24% to 44,090.95, Nifty Auto fell 0.33%, Nifty Metal sank 2.14%, Nifty Pharma fell 0.33%, Nifty PSU Bank plunged 0.71%, Nifty Private Bank fell 0.05% and the Nifty Realty tanked 0.66% while Nifty IT climbed 0.68%, Nifty FMCG gained 0.49% and Nifty Media surged 0.87%. The top gainers on Nifty 50 were Divi’s Labs, Infosys, LTIMindtree, Hindustan Unilever and RIL while the top losers were Adani Enterprises, JSW Steel, Hindalco Industries, State Bank of India and Adani Ports & Special Economic Zone.
“Following weak performances in Asian markets, the domestic indices commenced the day with a negative bias, prompted by discouraging domestic industrial data along with concerns over demand from China. However, the indices managed to recover from their initial losses, ending the day on a relatively neutral note. India’s wholesale inflation persisted in negative territory, albeit moderating to 1.36%, as the decline in fuel prices was counterbalanced by higher food costs. India’s CPI inflation, due to be released today, is anticipated to exceed the RBI’s tolerance level of 6% due to mounting pressure from elevated food prices,” said Vinod Nair, Head of Research at Geojit Financial Services.
Bank Nifty short-term target at 43,500“Bank Nifty has formed a doji pattern on the daily charts. this pattern after a sharp fall indicates that Bank Nifty can consolidate from a short-term perspective. After falling for three consecutive weeks, it has reached the 20-week moving average (43,880) which can restrict a sharp decline from hereon. The daily and hourly momentum indicators are providing divergent signals. Thus, under such a situation a consolidation is highly likely. However, the overall trend is still negative, and we expect levels of 43,500 from a short-term perspective,” Jatin Gedia added.
上一篇:Rating- Buy, Bandhan Bank- Modelling AUM growth in line with guidance
下一篇:Year-ahead in space expedition- Pivotal space missions set stage for cosmos exploration in 2024
猜你喜欢
- Aditya Birla Fashion expects market rebound in H2
- Rating- buy; Infosys- Favourable risk-reward in IT
- Air conditioner makers get more time to comply with quality norms
- Rating- buy - RIL- All-round show, O2C outlook positive
- All controversies aside, Carl Pei’s Nothing will launch a new phone soon
- Nifty resistance at 17800-18000 this week, Bank Nifty to hit 40500 above 39500; SBI, ACC top money-making bets
- Nifty struggles at 19850- where will the next wave of buying come from-
- As Spring is here, Delhi decks up with Tulip – See beautiful pictures
- Rare H5N6 Strain of Bird Flu kills woman in China; Read on to know all about this virus