Nifty opened lower at 23,433.90, then climbed to an intraday high of 23,646.40 before closing at 23,591.95.
All sectoral indices, except Auto and Pharma, closed with gains. Public sector banks, media, realty, and financial services were the top performers.
The broader market, however, was negative — 1,214 stocks advanced, 1,602 declined, and 73 remained unchanged.
Among Nifty 50 stocks, Hero MotoCorp, Bajaj Finserv, IndusInd Bank, and Adani Enterprises were the top gainers, while Tata Motors, Sun Pharma, Eicher Motors, and Bharti Airtel were among the top losers.
Momentum indicators are showing a positive trend. The index is trading above its short-term moving average. On the daily chart, after forming two consecutive black candlesticks, the index formed a white candlestick and closed near the day's high. This pattern indicates momentum is turning in favour of the bulls.
The nearest intraday support is at 23,550. As long as the index remains above this level, the bullish trend is likely to continue. The nearest short-term resistance is at 23,800 — a close above this level is required for a stronger bullish breakout.
Support: 23,550 – 23,475 – 23,400
Resistance: 23,650 – 23,750 – 23,865
(15-minute charts)
Support: 23,250 – 22,680
Resistance: 23,800 – 24,225
Bank Nifty ends at 51,575.85, up 366.85 points — technical indicators show positive bias
Bank Nifty closed at 51,575.85, gaining 366.85 points. Technical parameters indicate a positive trend. The index is above its short-term moving average. On the daily chart, it formed a long white candlestick and closed near the day’s high.
Bank Nifty has intraday support at 51,500 — if it holds above this level, the bullish trend is expected to continue. To resume the recent bullish momentum, the index needs to close above 51,750.
Support: 51,500 – 51,250 – 51,050
Resistance: 51,700 – 51,900 – 52,100
(15-minute charts)
Support: 50,600 – 49,750
Resistance: 51,750 – 53,000
