Nifty Midcap

Nifty50 index is exhibiting a bullish trend in the near term, supported by positive signals from technical indicators, while, Nifty Midcap Select index is trending bullish on charts

The Nifty index has witnessed a sharp correction, positioning it firmly in the oversold zone, Nifty Midcap Select index is currently exhibiting range-bound behaviour

An index or a stock is said to be in a 'correction' phase when it has dipped over 10 per cent and up to 20 per cent from its recent peak level. A 20 per cent or more fall is termed as a 'bear' phase

Stock market today: The Nifty MidCap100 index and the Nifty SmallCap100 index have declined 8.8 per cent and 6.9 per cent, respectively, from their respective all-time highs

Midcap Index, SmallCap index: The mid- and small-cap indices on the NSE back home have gained 25.7 per cent and 26.7 per cent, respectively in CY24

The Nifty 50 Index is expected to trade within a well-defined range between 25,235 and 24,700

The Nifty 50 Index remains bullish but overbought, indicating a possible near-term correction or profit booking.

Broad-based selling pressure as declining stocks exceed advancing by over two

The Nifty 50 Index is currently trading within a well-defined range, with a resistance level at 24,400 and support at 23,880

The Nifty 50 Index is on a bullish trajectory with key resistance at 25,050 and 25,336.

On the weekly charts, the Nifty 50 Index has closed down, relinquishing all recent gains, indicating substantial selling pressure at higher levels

In 2024 so far, the Nifty MidCap and SmallCap indices have slid to the 100-DMA in times of a market correction, show charts; check key levels here

A total of 131 stocks from the Nifty MidCap 150 index, and 211 stocks from the Nifty SmallCap 250 index are seen trading above the long-term moving average as of date.

The Nifty Index is currently trading at 23,465.60. On near-term charts, the index is positioned in the oversold zone, suggesting that selling pressure will likely emerge on any rise

The NIFTY 50 Index is currently trading at 23,290.15. Although the overall trend remains bullish, recent volatility has disrupted the near-term pattern, evidenced by large candlestick formations

Stock Market LIVE on June 04: As of 11:30 AM, Narendra Modi-led BJP was seen leading in 237 seats, and Congress was seen with 98 seats, as per Election Commission of India

The Nifty 50 Index is currently trading at 22,952.00 and has rallied significantly in the near term, bringing it close to a stiff resistance zone around 23,050

That said, the reality so far Wood believes, a repeat of the shock BJP defeat in 2004, remains unlikely in the extreme.

Here's why the stock market rallied on Thursday, May 23: PSU bank stocks cheered RBI's dividend move; Optimism over election outcome coupled with ease in bond yields lifted NSE Nifty to a new high.

In the past six trading days, the index has outperformed by surging 5.4 per cent, as compared to 2.4 per cent rise in the Nifty 50.