📉 NIFTY Market Alert: Bearish Bias Intact! 🚨
NIFTY closed near 23,431.50 after a sharp late sell-off.
🔻 Immediate Support: 23,385 – 23,400
❤️ if support Breaks next target: 23,300
Key Resistance: 23,500
💡 Trading Strategy: Market structure favors Sell-on-Rise unless the index firmly reclaims 23,600
NIFTY closed near 23,431.50 after a sharp late sell-off.
🔻 Immediate Support: 23,385 – 23,400
❤️ if support Breaks next target: 23,300
Key Resistance: 23,500
💡 Trading Strategy: Market structure favors Sell-on-Rise unless the index firmly reclaims 23,600
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Gift Nifty indicates a negative opening by 55 points today.
Let's see how the Indian Markets react at the start of today's session.
Let's see how the Indian Markets react at the start of today's session.
Market Movers: Top News & Stocks in Focus
👉Asian markets start on a weaker note with rising US Treasury Yields & Oil prices adding to investors concerns.
📊Stocks in Focus
👉GMR Airports:
Co allocates Rs 1500 Cr NCDs at 9.56% for 36 months to refinance current debts.
👉ICICI Bank:
RBI approves ICICI prudential AMC to acquire up to 9.95% stake in CSB, DCB, Kotak Mahindra and AU Small Finance Bank.
👉Asian markets start on a weaker note with rising US Treasury Yields & Oil prices adding to investors concerns.
📊Stocks in Focus
👉GMR Airports:
Co allocates Rs 1500 Cr NCDs at 9.56% for 36 months to refinance current debts.
👉ICICI Bank:
RBI approves ICICI prudential AMC to acquire up to 9.95% stake in CSB, DCB, Kotak Mahindra and AU Small Finance Bank.
Sensex Weekly Expiry Today
Sensex is trading flat in a range near the lower levels around 74,800. If it breaks and sustains above the 74,850 level, we may see an upside move towards the 75,000–75,100 level. On the downside if it breaks below 74,650 could lead to further downside.
For Nifty, 23,400 may act as a crucial support level for today, if it sustains above this level, we may see the upside move continue towards the next target of 24,525–24,550. Nifty is currently trading near the 24,440 level
Trade with proper risk management.
Sensex is trading flat in a range near the lower levels around 74,800. If it breaks and sustains above the 74,850 level, we may see an upside move towards the 75,000–75,100 level. On the downside if it breaks below 74,650 could lead to further downside.
For Nifty, 23,400 may act as a crucial support level for today, if it sustains above this level, we may see the upside move continue towards the next target of 24,525–24,550. Nifty is currently trading near the 24,440 level
Trade with proper risk management.