Bank Nifty Update
Fears of a US recession, a policy shift by the Bank of Japan (BoJ), and an increase in COVID-19 cases in China have caused markets to fall nearly 200 points from yesterday's high.
Nifty 50 (-0.19%) Bank Nifty (-0.12%)
Nifty 50
Fears of a US recession, a policy shift by the Bank of Japan (BoJ), and an increase in COVID-19 cases in China have caused markets to fall nearly 200 points from yesterday's high.
Nifty is currently consolidating between 18450 and 18200. We can anticipate a strong move on either side of the breakout. For the Bulls, 18450 is an important level to watch, while for the Bears, 18200 is an important level to watch. If the market decides to trade above 18450, we can expect a strong rally to 18540.
Trading below 18200, on the other hand, may cause a further decline in the market up to 17900.
Technically ,Nifty will remain sideways till it breaks above 18540
Bank Nifty
Bank Nifty is down over 1200 points from its all-time high. It is currently consolidating between the levels of 43500 and 42900. A break above 43500 will take lead to 43850, while a break below 42900 will further dip up to 42600.
Technically ,Bank Nifty will remain sideways till it breaks above 43850
Sensex
At the close, the Sensex had fallen 103.90 points, or 0.17%, to 61,702.29, while the Nifty had fallen 35.20 points, or 0.19%, to 18,385.30. Approximately 1646 shares have risen, 1780 have fallen, and 126 have remained unchanged.
SBI Life Insurance, Eicher Motors, UPL, Tata Motors, and HUL were among the biggest Nifty losers, while Adani Enterprises, TCS, Reliance Industries, Axis Bank, and IndusInd Bank were among the biggest gainers.
FMCG, auto, and real estate all finished 0.5-1 percent lower.
Nifty 50 (-0.19%) Bank Nifty (-0.12%)
Nifty 50
Fears of a US recession, a policy shift by the Bank of Japan (BoJ), and an increase in COVID-19 cases in China have caused markets to fall nearly 200 points from yesterday's high.
Nifty is currently consolidating between 18450 and 18200. We can anticipate a strong move on either side of the breakout. For the Bulls, 18450 is an important level to watch, while for the Bears, 18200 is an important level to watch. If the market decides to trade above 18450, we can expect a strong rally to 18540.
Trading below 18200, on the other hand, may cause a further decline in the market up to 17900.
Technically ,Nifty will remain sideways till it breaks above 18540
Bank Nifty
Bank Nifty is down over 1200 points from its all-time high. It is currently consolidating between the levels of 43500 and 42900. A break above 43500 will take lead to 43850, while a break below 42900 will further dip up to 42600.
Technically ,Bank Nifty will remain sideways till it breaks above 43850
Sensex
At the close, the Sensex had fallen 103.90 points, or 0.17%, to 61,702.29, while the Nifty had fallen 35.20 points, or 0.19%, to 18,385.30. Approximately 1646 shares have risen, 1780 have fallen, and 126 have remained unchanged.
SBI Life Insurance, Eicher Motors, UPL, Tata Motors, and HUL were among the biggest Nifty losers, while Adani Enterprises, TCS, Reliance Industries, Axis Bank, and IndusInd Bank were among the biggest gainers.
FMCG, auto, and real estate all finished 0.5-1 percent lower.
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