Why Nifty, Sensex struggle to hold gains? Anil Singhvi outlines key levels for traders

Nifty, Sensex Today: Indian equity benchmarks traded marginally higher on Thursday but failed to sustain early momentum amid persistent foreign fund selling and weak sentiment.

At around 2:05 PM, the BSE Sensex was up 177.59 points, or 0.22 per cent, at 82,087.22. The index opened sharply higher at 82,459.66 and hit an intraday high of 82,783.18 before slipping to a low of 81,876.61.

The NSE Nifty 50 rose 67.55 points, or 0.27 per cent, to 25,227. The index opened at 25,344.15, touched a high of 25,435.75, and slipped to an intraday low of 25,169.40.

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Why market is unable to hold above

Anil Singhvi, Managing Editor at Zee Business, said the market is struggling to stay higher due to continued selling by foreign institutional investors.

He said sentiment remains weak, and there is still no strong buying interest in the market. Singhvi added that every time the market opens with a big gap-up, selling pressure emerges. He also flagged uncertainty around US President Donald Trump, saying his stance can change suddenly, adding to global nervousness.

Bank Nifty remains strong

Singhvi said Bank Nifty continues to show strength despite intraday volatility. He highlighted the 58,700–58,800 zone as a strong support range.

He said that since November 14, Bank Nifty has slipped below this range nine times on an intraday basis but has not closed below it. On Wednesday, the index fell to an intraday low of 58,275 but managed to close at 58,800.

On Thursday, Bank Nifty witnessed a sharp intraday bounce of nearly 800 points. Singhvi said as long as the index does not close below 58,700, it remains very strong. He added that the 59,575–59,775 zone will act as a resistance area.

Key levels to watch on Nifty

On Nifty, Singhvi said 25,150 is an immediate intraday support. A stronger support lies in the 24,925–25,000 range.

He warned that weakness could increase if Nifty closes below 25,150. For the decline to halt, the index needs to close above 25,300.