Today’s Nifty 50 and Sensex: What to anticipate from the March 19 Indian stock market
Today’s Nifty 50 and Sensex: The Gift Nifty indicators also point to a successful start for the Indian benchmark index. The Gift Nifty was trading at a premium of around 66 points over the previous closing of the Nifty futures,at about 22,960.
Despite conflicting global market signals, the key Indian stock market indices, the Sensex and Nifty 50, are probably going to open with a positive bias.
The Indian benchmark index is off to a good start, according to Gift Nifty’s tendencies. The Gift Nifty was trading at a premium of around 66 points over the previous closing of the Nifty futures, at about 22,960.
Also Read : Sensex and Nifty saw their biggest trading session in six weeks, rising 1.5%.
The benchmark Nifty 50 closed over the 22,800 mark on Tuesday, marking a significant surge in the local equities market indices.
The Nifty 50 closed 325.55 points,or 1.45%, higher at 22,834.30,while the Sensex surged 1,131.31 points, or 1.53%, to conclude at 75,301.26.
What to anticipate from today’s Sensex, Nifty 50, and Bank Nifty is as follows:
Sensex Forecast :
With the market reaching a one-month high,the Sensex surged 1,131.31 points,or 1.53%,to close at 75,301.26 on Tuesday.
Technically, the Sensex effectively broke over the 74,500 resistance zone after a protracted consolidation, and positive momentum grew after this breakout. Furthermore, the index is presently trading comfortably above the 20-day Simple Moving Average (SMA), suggesting that it will continue to rise from its current levels.The short-term market view is optimistic, in our opinion, but the best course of action for day traders would be to purchase on intraday declines and sell on rallies, according to Shrikant Chouhan, Head of Equity Research at Kotak Securities.
He predicts that 75,600 and 75,800 may be used as profit-booking areas for day traders in the near future, while 75,000 and 74,500 will function as important support zones.