Nifty Rebounds into Rising Channel, Bulls Eye Resistance at 22250
Nifty Futures Chart
Nifty back into the rising channel by the session’s end, suggesting a possibility of a bullish trend reversal.The Nifty could encounter resistance in the 22200-22250 zone. Clearing the resistance at 22250 might propel it towards 22500 in the near term. Support levels are situated at 22050-22000.
Nifty Options CE Chart
Nifty Options PE Chart
Top Nifty Gainers
Top Nifty gainers were Adani Enterprises, Adani Ports, Hindalco industries, Heromotoco & ONGC.
Top Nifty Losers
Top Nifty losers were Axis Bank, Indusind Bank, Baj Finance, JSW Steel & SBI.
BankNifty: Doji standoff – Bulls vs Bears in a Tug-of-War
Bank Nifty Futures Chart
BankNifty index witnessed a continued struggle between bulls and bears, resulting in a doji candle formation on the daily chart, indicating market indecisiveness. Immediate resistance is noted at the 47500 mark, and a conclusive break above this level on a closing basis would signal a resumption of upward momentum towards all-time highs. Conversely, the lower end support is situated at the 46700-46500 zone, and a break below this level on a closing basis could intensify downward momentum towards the 46000 mark.
Bank Nifty Options CE Chart
Bank Nifty Options PE Chart
Top Bank Nifty Gainers
Top Bank Nifty Gainers were PNB, IDFC First Bank, Au Bank, Bandhan Bank & Kotak Bank.
Top Bank Nifty Losers
Top Bank Nifty losers were HDFC Bank, Bank of Baroda, SBI, Federal Bank & Indusind Bank.
