Market Outlook for 25th November 2024
Market Outlook for 28 August 2024
Last Updated: 29th August 2024 - 04:32 pm
Nifty Prediction for Today - 28th August
Nifty started the day on a flat note on Tuesday and traded in a narrow range throughout the day. The index ended the day just above the 25000 mark on a flat note.
It was a dull trading session for the index as the benchmark traded within a narrow range. However, the overall stock specific momentum was positive and the broader markets witnessed bullish momentum.
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The Small Cap index registered a new record high and the Midcap index too is trading at its lifetime high. Since there are no signs of reversal yet, traders should continue to trade with a positive bias. The index is hovering around the previous high of 25050-25100 range and if this is surpassed, then we could see momentum in the index towards 25400 in the short term. On any declines, 24800-24750 is likely to act as the immediate support.
New high for Small Cap index indicates buying in broader market
Bank Nifty Prediction for Today - 28th August
The Nifty Bank index witnessed a gradual upmove and traded within a range. This sector has been witnessing a slow and gradual upmove and the RSI on the chart remains positive. Hence, one can look for a stock specific approach within this sector. The immediate supports 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 | 24920 | 81400 | 50750 | 23200 |
Support 2 | 24850 | 81200 | 50550 | 23100 |
Resistance 1 | 25080 | 81900 | 51500 | 23500 |
Resistance 2 | 25140 | 82100 | 51670 | 23600 |
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