Nifty 50, Sensex Today: What to expect from the Indian stock market in the trade on June 30 | Einsmark news

Indian stock market benchmarks, Sensex and Nifty 50, are likely to open higher on Monday, with the location of the global market directions, on the relief of Israel-Iran conflict and optimism about the US China trading transaction. The trends on gift Nifty also indicate a positive start to the Indian measure index. The Gift Nifty traded about 25,770 level, a premium of almost 20 points from the Nifty Futures’ previous closure. The Sensex rose by 303.03 points, or 0.36%, to close at 84,058,90, while the Nifty scored 50 88.80 points, or 0.35%, higher at 25,637.80. Here’s what to expect from Nifty 50, and Bank Nifty Today: Nifty 50 Prediction Nifty 50 gave a decisive exposition last week, rose 2.09%and formed a Bullish Marubozu Candlestick pattern on the weekly timeframe. “Nifty 50 index trades above both the 21-day and 55-day EMAs, indicating a sustained bullish momentum. With RSI upward and MACD in a positive area, the overall setup indicates the power and potential for further subjugation in the upcoming sessions. Recent weekly low, ‘says Punet Singhan, director at Master Groups. Closed what is an indication of bullishness in the index. The index is about to fill the gap formed on October 3 last year, which can also act as a resistance to the current levels. The ADX DI+ line is sloping with the ADX average, indicating the momentum in the momentum. The upside down in the index, ”says Dwarakanath. Vla Ambala, co-founder of the stock market today, advises traders to keep a ‘buy on dip’ strategy until an important indicator of any reversal appears.” In the event of the market opening, we can expect Nifty 50 support between 25.600 and 25.530 levels to resist 25.5 25.880 and 26,000 in the contemporary market, ‘Ambala said. Bank Nifty Prediction Bank Nifty Index scored 237.20 points, or 0.41%, at 57,443.90 on Friday. For the week, the index closed with a solid 2.12% increase, which marked its second consecutive weekly increase and touched a fresh high of 57,475.40. “Bank Nifty index continued to trade along the rising upper trend line and try to mark a clean outbreak above the psychologist 57,500. Bullish momentum, ”says Mehra, technical research analyst, Samco Securities. According to him, as long as the bank Nifty index sustains more than 56,800 – 57,000, the broader prospects remain constructive, and a decisive close more than 57,500 could possibly open the gate to 58,000 in the near term, while 55,800 remains an important short -term support on any setback. Punet Singhania noted that the bank Nifty index continued to trade above its 21-day ema, reflecting the continued bullish momentum. “On the downside, the 57,100-57,000 zone immediately supports and is likely to attract buying interest, while 56,500 the next strong support remains. At the upside, the 58,000 mark can act as a near-term resistance, and an outbreak above this level can open the gates for a rally in the direction of 58.600. 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.