Indian Markets Extend Winning Streak: Sensex Rises, Nifty Index Settles at 24,270
Indian equity markets concluded the latest session on a positive note, extending their winning streak. The Sensex advanced by 262 points, while the Nifty Index 50 settled at 24,270.
Top Nifty Index Movers
Gainers:
- Infosys
- TCS
- Tech Mahindra
- HCL Technologies
- Bajaj Finserv
Losers:
- Max Healthcare
- L&T
- Nestle
- Axis Bank
- Tata Motors Passenger Vehicles
Key Technical Levels for Select Stocks
| STOCK | Resistance (Above) | Support (Below) |
|---|---|---|
| 360ONE | 1115 | 1105 |
| BHARTIARTL | 1920 | 1900 |
| HCLTECH | 1146 | 1135 |
| LUPIN | 2488 | 2464 |
Nifty Index 50 Outlook for the Upcoming Session
The Nifty Index 50 maintains a positive bias, with the 24,000–23,500 zone identified as a crucial support area. Sustained trading above this range is expected to keep buying interest robust. A definitive move beyond 24,500 could intensify bullish momentum, potentially extending the rally towards the 25,000 resistance level. Conversely, a slip below 24,000 might trigger short-term profit booking. However, the broader uptrend is anticipated to remain intact as long as the key support zone holds. Global cues will also play a significant role in dictating market direction.
Nifty Index 50 Options Data Highlights
| Highest Call Open Interest at | 24,500 (1.2 Crore Contracts) |
| Highest Put Open Interest at | 24,000 (1.4 Crore Contracts) |
Nifty Index 50 Support and Resistance Levels
| Support | 24,000–23,500 |
| Resistance | 24,500–25,000 |
Bank Nifty Index Index Outlook for the Upcoming Session
The Bank Nifty Index Index also exhibits a positive undertone, with the 58,000–57,500 zone acting as a vital support region. Persistence above this level is likely to sustain buying momentum. A break above 58,500 could strengthen bullish sentiment, potentially propelling the index towards the 59,000 resistance zone. Should the index fall below 58,000, short-term profit booking might ensue. Nevertheless, the prevailing positive trend is expected to persist while the essential support zone remains firm. Global factors will be key determinants.
Bank Nifty Index Index Support and Resistance Levels
| Support | 58,000–57,500 |
| Resistance | 58,500–59,000 |
Disclaimer : Equity & Trading is Subject to Market Risk. Kindly consult your Advisor Beofre taking Any Entries. Use our Contents for Educational Knowledge Development.
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