The Nifty IT Index is currently showing an upward trend on the charts, with the index nearing its weekly resistance levels for this week, which are expected to be between 39,925 and 40,000
The Nifty PSU Banks Index is currently experiencing a downward trend in the near term. However, the index has recently undergone a sharp correction, bringing it very close to critical support levels a
The Nifty Bank Index is currently exhibiting a bearish trend on the charts. Given this downtrend, the recommended trading strategy for the near term is to sell on any upward movement in the index
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 FMCG Index is demonstrating a bullish trend in the near term, as indicated by its recent upward movements on the charts.
The Nifty Energy Index is currently exhibiting range-bound behavior, fluctuating within the bounds of 43,700 and 42,250
The Nifty IT Index is oscillating between 38,800 and 38,000. This consolidation indicates that the index is at a pivotal juncture, where a breakout or breakdown will determine its near-term direction
The Nifty PSU Banks Index is also showing a downward trend in the near term, with significant support expected at the 6,600 level
The Nifty 50 Index is currently experiencing a downward trend in the near term, as seen on the charts. Despite this short-term decline, the overall trend remains bullish
The Nifty Commodities Index is showing signs of a potential pullback in the near term, making it a suitable candidate for selling on rises.
The Nifty Energy Index also exhibits a bullish trend on the charts in the near term. However, maintaining a strict stop-loss is essential for all bullish positions.
The Nifty Pvt Banks Index is currently trading within a defined range of 25,900 to 25,400. A close above or below this range would act as a trigger for a directional move.
The Nifty Financial Services Index currently shows a downward trend on the charts. Key support levels are anticipated at 23,080, 22,800, and 22,550.
The Nifty 50 Index is on a bullish trajectory with key resistance at 25,050 and 25,336.
The Nifty Auto index is currently exhibiting a range-bound trend on the charts, confined within the levels of 25,460 and 24,560
The Nifty Financial Services Index is currently showing a downtrend on the charts, with the near-term outlook appearing bearish
On the weekly charts, the Nifty 50 Index has closed down, relinquishing all recent gains, indicating substantial selling pressure at higher levels
The Nifty FMCG Index is currently in an overbought zone on the charts, despite the overall bullish trend
The Nifty Bank Index is currently range-bound on the charts, oscillating between 52,800 and 51,750. A decisive close above or below this range will likely trigger a significant move
The Nifty 50 Index is currently displaying a bullish trend on the charts. However, resistance is expected around the 24,800 level