Share Market Today Live 26 Aug: Indian stock market major indices of Sensex And trading in Nifty 50 is expected to start with a rise today. Due to positive signals from the global market, the attitude of investors remains positive. Whereas, due to the huge fall in the prices of crude oil, there is every hope that the mood of the market will be good.
bullish signs in gift nifty
Gift Nifty trends are also showing green signals in the Indian market. gift nifty It was trading at around Rs 24,559.5, which is 88 points higher than the previous closing price of Nifty Futures. This indicates a good start in the market today. The Asian market is bullish today, while the American stock market also closed in the green on Tuesday.
Let me know on Tuesday domestic shares The markets had closed sharply. Sensex closed at 77,656 with a gain of 286 points and Nifty closed at 24,334 with a gain of 115 points.
What are the important levels for Sensex-Nifty today?
Sensex Prediction: According to Sachin Gupta, VP – Technical Research, Choice Equity Broking, the market trend is currently sideways. Today, strong support for Sensex is 77,000-77,125 and strong resistance is 77,800-78,000.
“Holding above the support zone of 77,000-77,125 will be important to maintain the positive trend. On the upside, a sustained rise above the resistance zone of 77,800-78,000 and a decisive crossover above the 20-day EMA can further consolidate the recovery,” says Gupta.
Status of Nifty 50: Nagaraj Shetty, Senior Technical Research Analyst, HDFC Securities says the sluggishness of the last two sessions is over. Nifty 50 registered a jump from the strong support of 24,100 on Tuesday. According to Gupta, the short term trend of Nifty 50 has become positive and the next target is 24,500-24,600. Whereas, the immediate support is at the level of 24,100.
“Nifty 50 has crossed the 20-day EMA. The RSI has shown a bullish crossover, indicating recovery in momentum,” says Rupak Dey, Senior Technical Analyst, LKP Securities.
condition of bank nifty
According to Sudeep Shah, Head of Technical and Derivatives Research, SBI Securities, the banking index is trading in a tight range. Immediate support of Bank Nifty is 57,100-57,000 while resistance is 57,900-58,000. Sudeep Shah says, “Sustainable rise above 58,000 can lead to fresh rally towards 58,400 levels.”
