Nifty 50, Sensex Today: What to expect from the Indian stock market in the trade on April 29 | Einsmark news

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a flat note on Tuesday, with the detection of mixed global market directions. The tendencies on gift Nifty also indicate a flat-to-positive start for the Indian benchmark index. The Gift Nifty traded about 24,478 level, a premium of nearly 26 points of the Nifty Futures’ previous closure. The domestic stock market indices ended on Monday with strong profits, with a Nifty 50 closing above 24,300 level. The Sensex rose 1 005.84 points, or 1.27%, to 80,218,37, while the Nifty raised 50 289.15 points, or 1.20%, higher at 24,328.50. Here is what to expect from Sensex, Nifty 50 and Bank Nifty Today: Sensex Prediction Sensex jumped 1,006 points on Monday and formed a long bullish candle on the daily maps, which supports a further return of current levels. “We believe that the short -term market texture is still on the bullish side, but buying intraday dips and the sale of rallies would be the ideal strategy for day traders. To the disadvantage would serve 79,800 and 79,500 as an important support zones for Sensex, while 80,500 -80.700 could serve as a cross -rapor for the Kotak. Road Rescy research, the Bulls. bets. The 24,500 strike had a heavy addition to an open interest (1.06 crore contracts), and it set a short-term resistance ceiling yields. At the same time, the 24,000 strike saw a strong lead (1.24 crore contracts), with strong support just below current levels, “Dhupesh said,” said Dhupesh, “said Dhupesh.” Derivative research analyst, Samco Securities. The accumulation of open interest between 24,400 to 24,500 confirms this as a critical resistance zone. Interestingly, although wells repositioned against lower strikes, the call writing has strengthened, and both indicate underlying nervousness among traders, he added. “The Put-Call ratio (PCR) has risen sharply to 1.17 from 0.70, suggesting that a noticeable shift is to a bullish sentiment. Maximum pain remains at 24,200, which implies a bias for a scope, with an upward tilt, unless an outbreak realizes,” Dhameja. Back on April 28 and closed higher with nearly 290 points above the 24,300 level. Shetti, senior technical research analysis at HDFC Securities. Immediate support is placed at 24.050 levels. Hishikesh Yedve, AVP Technical and Derivatives Research by Asit C. Mehta Investment Interrediates Ltd., emphasized that the Nifty 50 index forms a green candle on the daily chart, but that he could not cross the recent swing of about 24,360 levels. ‘In addition, the Nifty 50 index closed above its 200-day simple moving average (about 24.050) reinforcement. The previous weekly layer was placed near 23,850, which will serve as an immediate support for the index. As long as the index is above 23,850, a positive momentum may be possible; According to him, the Nifty 50 index will immediately have resistance to 24,360 – 24,400 levels, and a decisive movement above 24,400 can extend the rally to 24,800, where a horizontal tendency is placed. “On the other hand, the sustaining of under 23,850 can lead to further weakness to 23,600 levels where a trendline support is placed. Traders should monitor these levels for possible trading opportunities,” Yedve added. Vla Ambala, co-founder of the stock market today, noted that the Nifty 50 with its RSI at 64 on the daily charts and 57 traded on the weekly cards, suggesting a moderate buying zone for medium term and swing traders. “I advise traders to adopt a buy-on-dip strategy instead of a selling-up return until the Nifty 50 touches its new high. 55,432,80 closed and a bullish swallowing candle formed, indicating a possible resumption of the upward trend after a three -sessions. A sustained move above the highlight of 55.577 can be further upside down to the 56,200 and 56,800 levels in the upcoming sessions. Research said in a note. 56,100 acts as an immediate resistance level, for bank -nifty index, and if the index manages to sustain above these levels, the rally to psychological level of 57,000 can extend. On the downside, the newly formed bullying weakening of approximately 54,580 will act as immediate support for the index, followed by the previous outbreak, followed by the previous outbreak, followed by the previous outbreak. He advises traders to maintain a ‘buy on dips’ strategy for bank nifty, as long as the index remains above the 54,450 levels. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.