|
DEAR
@{Lead:FirstName,},
Today's Market Recap!
Market View
Nifty began the week on a strong positive note, opening at 24,949.15 and sustaining upward momentum throughout the session. The index eventually settled at 24,967.75, marking a gain of 0.39% for the day.
Currently, Nifty is trading above its 20-day EMA, which is a bullish signal and reflects a positive near-term trend. This suggests that buying interest remains intact and the market sentiment is favorable.
For traders, important support levels are placed at 24,800 and 24,700, which could act as a cushion in case of any pullback. On the higher side, resistance is expected around 25,100 and 25,150, and a decisive breakout above these levels may open the door for further upside.
Bank Nifty started the week on a muted note, moving within a narrow range throughout the session. The index eventually closed at 55,139.30, recording almost no change.
On the daily chart, it has formed an indecisive candlestick pattern, reflecting range-bound movement for the day and indicating a lack of strong trader participation or clear market direction at the moment.
For traders, key support levels are placed at 54,900 and 54,600, while resistance levels stand at 55,300 and 55,500.
|
