Nifty Outlook For - 30 December 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.
iFor real time data of stocks, open demat account with 5paisa
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 |
- Performance Analysis
- Nifty Predictions
- Market Trends
- Insights on Market
Trending on 5paisa
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.