Today’s market witnessed a significant surge, with the Sensex climbing 347 points and the Nifty Index trading robustly above the 24,050 mark. This upward momentum was primarily fueled by strong performance in Public Sector Undertaking (PSU) Banks, metal, and capital goods sectors.
Top Nifty Index Gainers: Trent, Bharat Electronics (BEL), Hindalco Industries, Eternal, and Tata Steel.
Top Nifty Index Losers: Tata Motors Passenger Vehicles, Cipla, Bajaj Finserv, ONGC, and Axis Bank.
| STOCK | Buy Above | Sell Below |
|---|---|---|
| BHARTIARTL | 1884 | 1864 |
| HAL | 4510 | 4450 |
| MAZDOCK | 2575 | 2550 |
| SIEMENS | 3740 | 3700 |
Nifty Index Outlook for Thursday
The Nifty Index is poised for a potential rally if it decisively moves above 24,000, or a downturn if it drops below 23,900. These movements will be significantly influenced by prevailing global market cues.
The Nifty Index has demonstrated a strong recovery from lower levels, consistently holding above the critical 24,000 mark. Sustained buying interest near key support zones indicates that bullish sentiment remains intact. Should the index continue to trade above 23,900, it may gradually advance towards the immediate resistance band of 24,000–24,500. A decisive breakout above 24,000 could attract fresh buying momentum and signal further upside. Conversely, if profit booking intensifies, the Nifty Index might retest the support range of 23,900–23,500. Traders are advised to maintain a bullish stance as long as the index remains above its support levels; a definitive breach of resistance would reinforce the ongoing uptrend.
| Highest Call Writing at | 24,000 (67.0 Lk) |
| Highest Put Writing at | 23,900 (82.9 Lk) |
Nifty Index Support and Resistance
| Support | 23,900–23,500 |
| Resistance | 24,000–24,500 |
Bank Nifty Index Index Outlook for Thursday
The Bank Nifty Index Index is anticipated to advance if it surpasses 58,000, or decline if it falls below 57,000. These movements will also be subject to global market indicators.
Bank Nifty Index Index Support and Resistance
Disclaimer : Equity & Trading is Subject to Market Risk. Kindly consult your Advisor Beofre taking Any Entries. Use our Contents for Educational Knowledge Development.
Today Trending Stocks:
https://telegram.me/gagashare1
https://facebook.com/gagashareindia
