In Stock market today, Sensex, Nifty end flat amid volatility; metal, power stocks outshine.
Stock Market Nifty Chart Prediction.
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On a recent Tuesday, the Indian stock market was mostly flat, with minimal movement. While there were gains in the metal stocks due to China’s announcement of providing policy support for its economic recovery after the COVID-19 pandemic, the market experienced losses in ITC, an index heavyweight, following its demerger update. The metals index rose by 1.7%, and the auto index increased by 0.9%. Eleven out of the 13 major sectoral indexes saw gains.
JSW Steel and Hindalco were among the top Nifty 50 gainers, likely benefiting from the positive sentiment in the metals sector
For Wednesday NIFTY can open but all depend upon the Global cues.
There are good chances of flat opening on Wednesday as NIFTY is waiting for its new trigger that will come from FOMC meeting. But all these aspects depend upon the Global cues.
For Wednesday resistance will be 19800 and then 19900 where else support will come at the level of 19600
Bank Nifty Daily Chart Prediction
Today, BANK NIFTY was more weak as compared to nifty it was highly volatile. Today bank nifty has closed below its critical level of 46000 which has made bank nifty weak again For tomorrow you can go with the strategy of sell on rise and buy on dip.
Wednesday Bank nifty resistance will be 46100 and 46200 whereas else support will be 45850 and 45750.
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