In a volatile trading session, the Indian equities closed mixed today, with the Nifty Index 50 settling around 23,400 while the Sensex shed 304 points. The Information Technology (IT) sector continued to face significant selling pressure.
Nifty Index Top Gainers:
- Apollo Hospitals
- Max Healthcare
- Tata Motors Passenger Vehicles (TMPV)
- SBI
Nifty Index Top Losers:
- TCS
- Tech Mahindra
- HCL Technologies
- Infosys
- Wipro
Key Share Trading Levels
| STOCK | Breakout Above | Breakdown Below |
|---|---|---|
| DMART | 4200 | 4150 |
| HDFCBANK | 758 | 750 |
| LICHSGFIN | 545 | 540 |
| TMPV | 400 | 395 |
Nifty Index Outlook for Thursday
For Thursday, the Nifty Index’s trajectory will largely depend on its ability to sustain above or below crucial levels, alongside global market cues. An upward momentum could be triggered if the index breaches 23,500, while a decline below 23,000 might signal further downward pressure.
The Nifty Index is currently positioned near a critical zone, warranting close observation of key levels in upcoming sessions. The 23,000–22,500 range is anticipated to act as robust support, with sustained trading above this band potentially attracting renewed buying interest. Conversely, persistent weakness could lead the index to retest lower support levels. On the upside, 23,500 represents immediate resistance; a definitive breakout past this mark could open the path towards 24,000. Traders are advised to remain cautious, as an upward breach of resistance could improve market sentiment and foster a short-term recovery.
| Highest Call Writing at | 23,500 (73.1 Cr) |
| Highest Put Writing at | 23,000 (63.1 Cr) |
Nifty Index Support and Resistance
| Support | 23,000 – 22,500 |
| Resistance | 23,500 and 24,000 |
Bank Nifty Index Index Outlook for Thursday
For Thursday, the Bank Nifty Index Index’s direction will also be significantly influenced by global cues. A breakout above 54,600 could indicate an upward trajectory, while a fall below 53,400 may signal downward pressure.
Bank Nifty Index Index Support and Resistance
| Support | |
| Resistance |
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