Stock Markets on Monday - Nifty50, Nifty Bank support, resistance and top 4 triggers to watch out for when markets reopen
Stock Markets on Monday - Nifty50, Nifty Bank support, resistance and top 4 triggers to watch out for when markets reopen
Stock markets were in an upbeat mood on Thursday - the day of expiry. The BSE Sensex hit a 61,000-mark for the first time ever, ending the day at 61,305.95, up over 568 points or 0.94 per cent, while the broader market Nifty50 ending at 18,338.55, up by almost 1 per cent or 177 points. On the intraday basis it touched an all-time high of 18,350.75.
Equity markets were shut on Friday on account of Dussehra.
See Zee Business Live TV Streaming Below:
Also Read: HDFC Bank Q2 results: Standalone net profit rises 17.6% to Rs 8,834 crHCL Tech Q2FY22 results – The results were lower than street’s expectations. The revenue growth for the reporting quarter was 2.9 per cent up quarter-on-quarter (qoq) as against the expectations of 4-5 per cent.
Also Read: HCL Tech Q2FY22 revenues up 2.9% QoQ vs 4% estimated; PAT up 1.6%
Nifty50 Support and Resistance – Strong support between 18,100-18,150. It may test levels around 18,500.
Nifty Bank Support and Resistance – Support is between 38,500 and 38,700 while the resistance is around 39,000. Once this level is breached levels around 40,000 could be tested.
The overall mood of the markets is buoyant and buy on dips is recommended, Singhvi said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.