The Indian inventory market benchmark indices, Sensex and Nifty 50, are possibly to open with a fine bias despite blended worldwide market cues. The tendencies on Gift Nifty on Stock Market Today also indicate a good start for the Indian benchmark index. The Gift Nifty was trading around 22,960 levels, a high of almost 66 points from the Nifty futures’ previous close. On Tuesday, the market transparency indices noticed a strong rally, with the benchmark Nifty 50 closing above 22,800 level.
The Sensex jumped 1,131.31 points, or 1.53%, to close at 75,301.26, at the same time as the Nifty 50 settled 325.55 points, or 1.45%, higher at 22,834.30.
Nifty 50 Prediction, Stock Market Today
Nifty 50 witnessed an top notch upside breakout on March 18 and closed the day better through 325 factors, above the 22,800 levels. “A long bull candle was trended on the daily chart that has passed the resistance of round 22,700 – 22,800 levels and closed higher. Technically, this market movement shows decisive upside breakout of the essential overhead resistance. This is a wonderful indication,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
According to him, the quick-term trend of Nifty 50 is high-quality, and having moved sharply above the hurdle, one can also expect Nifty 50 to boost towards the following resistance of 23,100 – 23,200 levels in the next few categories in Stock Market Today
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