Indian stock market benchmarks, Sensex and Nifty 50, are likely to open on Thursday, which locates the sale of the world market, after US President Donald Trump announced reciprocal rates, which imposed a 10% baseline tariff on all imports to the US. The trends on Gift Nifty also indicate a gap-starting to the Indian benchmark index. The Gift Nifty traded about 23.171 level, a discount of nearly 267 points from the Nifty Futures’ previous closure. The domestic stock market ended on Wednesday, with the criterion Nifty 50 closing above 23,300 level. The Sensex closed 592.93 points, or 0.78%, at 76,617.44, while the Nifty scored 50 166.65 points, or 0.72%, higher at 23,332,35. Here’s what to expect from Nifty 50 and Bank Nifty Today: Nifty 50 Prediction Nifty 50 saw a decent return on April 2 and closed the day higher with 166 points. ‘A long bulls are formed on the daily map placed within a high low range of Tuesday’s Long Bear Candle. Technically, this market action indicates a formation of inner dayball or a bullish harami-type Christmas pattern. It is a bullish formation and subsequent upmove from here can confirm it as a turnaround pattern, “says Nagaraj Shetti, senior technical research analyst at HDFC Securities. Wednesday’s market action signal possible higher soil formation at 23.136 levels. Immediate support for Nifty 50 is on 23,100 and the next overall resistance to watch at 23,400 and 23.650 levels respectively, he added. Mehra, technical research analyst, Samco Securities, emphasized that the formation of a green candle in the daily map near the recent low indicates a possible attempt at stabilization. “Nifty 50 index holds above its 9-EMA (exponential moving average) and 50-EMA, which reinforces the outlook in shortly after medium term. The recent correction to 23,160 appears to be a setback within an upward trend, as the dynamic support level. is. 23.520, followed by 23.600. 23.420 in today’s market session, ‘Ambala said. Bank Nifty Prediction Bank Nifty Index rose 520.55 points, or 1.02%, on Wednesday to close at 51,348.05 and form a bull. “Bank Nifty has formed a bullkers attached in the previous session’s prize result, signal. According to the Brokerage House, the bank Nifty index has key support at 50,500 – 50,000 levels, and expects it to remain above the same and gradually higher in the direction of 52.050 (last week high) and then in the coming weeks to 53,000 levels the measuring implication of the recent series outbreak. Hishikesh Yedve, AVP Technical and Derivatives Research by Asit C. Mehta Investment Interrediates Ltd. noted that the bank Nifty managed to own the 50,640 support level, above the 200-day simple moving average (200-DSMA) of approximately 51.020 and formed a bullish candles on the daily map, indicating the strength. “To the disadvantage is the biggest support for the bank Nifty near 51,020 and 50,640 levels, while 52,000 will act as a major obstacle. Traders are advised to follow a ‘buy on dips’ strategy,” Yedve said. up-to-move, which represents a phase of time-wise correction. 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. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock Marketsnifty 50, Sensex Today: What to expect from the Indian stock market in trading on April 3 after Trump rates are less less
Nifty 50, Sensex Today: What to expect from the Indian stock market in trading on April 3 to Trump rates | Einsmark news
