Stock Market Today: The Nifty-50 Index’s main support levels are 24,700 and 24,650. If the market holds above these levels, there is a greater probability that it will reach 25,000–25,100. Experts cautioned that a decline below 24,650 might alter the sentiment.
Today Stock Market: The benchmark Nifty-50 Index managed to close Thursday’s tumultuous trading session up 0.33% at 24,833.60. The majority of other industries,including real estate,metal,and healthcare,saw gains,and the Bank Nifty also finished 0.23% higher at 55,546.05. Additionally,the broader indices concluded the day with advances of nearly 0.5 percent.
Friday’s Trade Setup :
Key support levels for the Nifty-50 Index would be 24,700 and 24,650. If the market holds above these levels,there is a greater probability that it would reach 25,000–25,100. However,according to Shrikant Chouhan,Head of Equity Research at Kotak Securities,a fall below 24,650 would alter the sentiment:
According to Hrishikesh Yedve,AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd.,the support for the Bank Nifty is situated close to 54,900,and a relief rally above 56,000 cannot be ruled out as long as the index stays above this level.
International Markets and Q4 Outcomes :
Looking ahead, we anticipate that the market will continue to be range-bound, with sector rotation and stock-specific moves influenced by macroeconomic indicators, developments on the US tariff front, and Friday’s final set of Q4 results. stated Siddhartha Khemka, Motilal Oswal Financial Services Ltd.’s Head of Research, Wealth Management.
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