Finance
Today’s Stock Market News | Sensex, Nifty, and Share Prices Highlights: Domestic indices finished Friday’s session in the red. The NSE Nifty 50 down 165.50 points (0.85%) to 19,331.80, while the BSE Sensex fell 505.19 points (0.7%) to 65,280.45.
Bank Nifty resistance at 45300-45500; support at 45000-45100
“Bank Nifty is seen to be making a bullish candlestick after multiple doji candles on the daily timeframe amidst weekly expiry, which shows the bulls are in control and are willing to buy from support levels. The resistance is at around 45300, 45500 and the support is at around 45000, 45100. Till the time Bank Nifty is trading above 44900 every dip is likely to get absorbed. Technical indicator RSI is at around 69 whereas the 200 EMA is at 41709,” Mitesh Karwa, Research Analyst at Bonanza Portfolio.
Nifty/Sensex could see correction till 19325-19300/65150-65000
“Nifty 50 and Sensex have formed a bullish candle and on intraday charts it is holding higher bottom formation that also support further uptrend from the current levels. For the trend-following traders now, 19375/65350 would be the sacrosanct support level. Above this, the market could rally till 19575-19625/66000-66100. On the flip side, below 19375/65350 uptrend would be vulnerable. Below the same, we could see a quick one intraday correction till 19325-19300/65150-65000,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
US indices end in red
The US market ended the overnight session in red – Dow Jones Industrial Average (DJIA) tanked 1.07%, S&P 500 sank 0.79% and the tech-heavy Nasdaq tumbled 0.82%.
Asian markets trade in red
Asian markets were trading in red – China’s Shanghai Composite Index plunged 0.39%, South Korea’s KOSPI fell 1.19%, Japan’s Nikkei 225 tumbled 0.61%, Asia Dow tanked 1% and Hong Kong’s Hang Seng sank 1.12%.
Source:FE
