Key Points
The Nifty Bank closed in the red on Tuesday after rallying for two straight sessions, tracking muted global cues..
PNB, Axis Bank, IndusInd Bank, and Federal Bank were the top gainers while selling was seen in Kotak Mahindra Bank, HDFC Bank, SBI, and ICICI Bank...
The Nifty Bank, which opened higher, failed to hold on to the momentum and slipped gradually to retest the 46,500 level..
Immediate resistance is noted at 47,000, and a decisive close above this level could trigger significant short-covering rallies towards the 48,000 mark, said Kunal Shah, senior technical & derivative analyst at LKP Securities...
A breach below this support area may accelerate downside momentum towards the 46,000 level, he said.. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own..
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Share Market outlook today: Nifty, Bank Nifty may trade lower amid negative global cues; check support, resistance
19, Jun, 23Nifty and Bank Nifty Today: NSE Nifty 50 support at 18790-18670 while resistance at 18900-19000. Bank Nifty support at 43665-43315 while resistance at 44300-44585.
Where is share market headed after Nifty closes above 18320, Bank Nifty below 43690; check support, resistance
25, May, 23Nifty support placed at 18200 level while resistance seen at 18500. Meanwhile, Bank Nifty managed to hold the support of 43400 today, resistance is placed at 44000.
Share Market outlook today: Nifty, Bank Nifty may fall on US Fed rate hike, F&O expiry; check support, resistance
23, Mar, 23Nifty and Bank Nifty Today: Nifty first support is placed at 17136 and then 17091 while resistance is placed at 17232 and 17283. Bank Nifty first support is placed at 39977 and then 39860 while resistance is placed at 40204 and then 40314.
Where is share market headed after Nifty settles above 18200, Bank Nifty near 44000; check support, resistance
19, May, 23NSE Nifty 50 resistance on the higher end is placed at 18300 while support at 18050. Bank Nifty has support at 43500 and resistance 44000.
Where is share market headed after Nifty closes above 18250, Bank Nifty above 43680; check support, resistance
04, May, 23Nifty immediate hurdle lies at 18350–18370. Bank Nifty may touch new all-time high as bulls are in control and have closed above the strong resistance of 43500.
Day trading guide for today: Six buy or sell stocks for Wednesday — June 7
07, Jun, 23Traders are advised to monitor support and resistance levels closely, as the market currently lacks a clear trend. Day trading stocks for Wednesday include Dabur India, Canara Bank, Kotak Bank, SBI, and Colgate Palmolive.