Nifty’s Downturn Signals Potential Bearish Momentum Ahead
Nifty Futures Chart
Nifty has once again closed below the rising trendline, bringing market sentiment back into a state of weakness. The momentum indicator suggests bearish momentum in the near term. Immediate support is situated at the 50DMA, currently at 21,900, which is expected to provide support for the Nifty. A decisive drop below 21,900 could lead to a sharp decline in the index. On the upside, resistance is observed in the range of 22,200-22,250.
Nifty Options CE Chart
Nifty Options PE Chart
Top Nifty Gainers
Top Nifty gainers were UPL, Bharti Airtel, HDFC Life, BajFinanace & Adani Ports.
Top Nifty Losers
Top Nifty losers were M&M, BPCL, Coal India, Tata Motors & Heromotoco.
BankNifty Volatility: Doji Candle Indicates Market Indecision; 47000 Resistance Key
Bank Nifty Futures Chart
BankNifty index witnessed a volatile trading session, forming a doji candle that signals indecision in the market. Immediate resistance for the BankNifty index lies at 47000, coinciding with the 20-day moving average (20DMA). A decisive break above this level could propel the index higher towards the 47500 mark.
Bank Nifty Options CE Chart
Bank Nifty Options PE Chart
Top Bank Nifty Gainers
Top Bank Nifty Gainers were Federal Bank, Bandhan Bank, IDFC First Bank & Indusind Bank.
Top Bank Nifty Losers
Top Bank Nifty losers were HDFC Bank, Kotak Bank, AU Bank, ICICI Bank & Axis Bank.
