Market Outlook for 25th November 2024
Market Outlook for 27 August 2024
Last Updated: 27th August 2024 - 11:55 am
Nifty Prediction for Today - 27th August
Our markets started the week on a positive note following the bullish global cues and buying momentum was intact throughout the day. Nifty ended the day above the 25000 mark with gains of three-fourth of a percent.
Nifty continued its uptrend and reclaimed the 25000 mark on the first trading session of the week. The upmove was led by a broad market participation where all sectoral indices except Media and PSU banks ended in green. The recent correction in the dollar index too is positive for the emerging markets.
iFor real time data of stocks, open demat account with 5paisa
The Metals and the IT sector outperformed due to the favorable global cues. Since the momentum remains intact, we continue with our advice for traders to trade with a positive bias. The immediate support for the index is now placed around 24800-24750 while on the higher side, a move above the previous swing high of 25080 could lead to a move towards 25400 in the short term.
Nifty reclaims 25000 mark led by global cues
Bank Nifty Prediction for Today - 27th August
The Nifty Bank index witnessed gains of about half a percent along with the market upmove. But the index was largely confined within a range post open. As of now the near term trend seems sideways to positive bias and hence, one can look for a stock specific approach within this sector. The immediate support for the index are placed around 50870 and 50680 while resistance is seen in the range of 51500-51600.
Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY Levels | SENSEX Levels | BANKNIFTY Levels | FINNIFTY Levels | |
Support 1 | 24900 | 81370 | 50870 | 23200 |
Support 2 | 24800 | 81050 | 50680 | 23100 |
Resistance 1 | 25080 | 81950 | 51500 | 23500 |
Resistance 2 | 25150 | 82150 | 51600 | 23600 |
Trending on 5paisa
Discover more of what matters to you.
Market Outlook Related Articles
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.