Stock Market Today: The Nifty-50 index’s major support zones will be 24100 and 24000,while the bulls’ main resistance regions may be 24250–24350. However,experts warn that mood may shift if the index drops below 24000.
Stock Market Today: On Tuesday,the benchmark Nifty-50 index ended the day with gains of 0.17% at 24,167.25,continuing its upward trajectory. While FMCG and real estate drove gains for other indices,the Bank Nifty excelled,rising 0.62 to 55,647.20. The IT and oil & Gas index were significant losers. Additionally,the broader indices concluded with increases of roughly 0.5 percent.
Also Read : today bank nifty stock price : April 22, 2025
Wednesday’s Trade Setup :
major support zones for the Nifty-50 index would be 24100 and 24000,while major resistance areas for bulls may be 24250–24350. However,according to Shrikant Chouhan, Head of Equity Research at Kotak Securities, attitude may shift if the index drops below 24000.
Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd.,predicts that 56,000 will serve as a strong resistance for the Bank Nifty,while 54,470 will continue to be a critical support zone.
International Markets and Q4 Outcomes :
We anticipate that the market’s steady upward trend will continue due to encouraging RBI policies,ongoing FII buying,and expectations of a bilateral trade agreement between the US and India. On the stock/sector front,however,activity would persist due to Q4 corporate earnings. According to Siddhartha Khemka, Head of Research,Wealth Management,Motilal Oswal Financial Services Ltd.,companies such as LTI Mindtree,TATA Consumer,Bajaj Housing,and 360 One WAM, among others,would be releasing their results on Wednesday.
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