Sector like PSU banks and financials led gains; IT, media, and oil & gas edged higher, while metals, autos, and consumer durables weakened. The Nifty50 held above the 25,300 mark, reinforcing psychological strength. The advance suggests investor comfort above this level, with upside momentum. Resistance likely near 25,400-25,500 zones; support around 25,000-24,900 remains relevant.
The Nifty 50 prediction for tomorrow indicates a sideways to bullish move. The range is between 25150 and 25500, with support at 25150-25200 and resistance at 25450-25500. Traders should monitor these crucial levels closely for potential market shifts.
The BankNifty closed at 55,493.30, rising about 0.63%, demonstrating strong participation from banking names. Top contributors included Punjab National Bank, State Bank of India, Canara Bank, and Kotak Mahindra Bank, while weakness in IndusInd Bank and AU Small Finance capped upside.
Tomorrow's Bank Nifty prediction suggests a sideways to bullish range between 55100 and 55800, with strong support at 55100-55200 and resistance at 55700-55800. Traders should monitor these crucial levels closely for potential market shifts.
The Nifty50 index closed higher on Wednesday, powered by gains in several sectors amid optimism around India–US trade talks and hopes of a U.S. Fed rate cut. Markets were broadly positive, though strength was uneven across sectors. The Sensex rose 313.02 points to finish at 82,693.71, while the Nifty50 gained 91.15 points to close at 25,330.25. Broader markets saw modest moves, with the BSE MidCap up 0.08% and the SmallCap higher by 0.68%, indicating selective participation beyond large-caps.
SENSEX forecast for tomorrow suggests a sideways to bullish movement, ranging between 82100 and 83200. Key support levels are at 82100-82200, while resistance lies at 83100-83200. Traders are advised to watch these critical levels closely for potential market shifts.
Midcapnifty prediction suggests a sideways to bullish movement, with a range between 58400 and 59300. Key support levels are at 58400-58500, while resistance lies at 59200-59300. Traders are advised to watch these critical levels closely for potential market shifts.
India VIX stayed subdued around 10.20, reflecting stable sentiment. Options data highlighted 25,400 as a key hurdle and 25,000 as a firm support.
Prediction given by Technical Research Team - Choice.
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