The Nifty Bank index is on the brink of a potential breakout, with stiff resistance at 52,580, while, the Nifty Financial Services index is currently exhibiting a bullish trend
The Nifty index has witnessed a sharp correction, positioning it firmly in the oversold zone, Nifty Midcap Select index is currently exhibiting range-bound behaviour
The Nifty FMCG index is currently exhibiting a downward trend in the near term, while Nifty Pharma index continues to exhibit a bearish trend in the near term
The Nifty Financial Services index is trading within a narrow range of 23,500-23,075, meanhwile, the Nifty Bank index is currently trading within a well-defined range of 50,650-49,800
The Nifty index, currently trading at 23,532.7, has undergone a sharp short-term correction, pushing it into oversold territory
Nifty Metal is currently approaching critical support levels between 8,800 and 8,700, while Nifty Pharma Index shows a clear downtrend on the charts
Nifty Energy is currently trading near critical support levels, around 37,700 and Nifty FMCG is showing a clear downtrend on the charts, with a key support level anticipated around 55,900
The Nifty IT Index is exhibiting a bullish trend on the charts, while Nifty Auto is indicating that any decisive move above or below 24,250 and 23,250 levels could signal a new trend direction
A decisive close below 23,880 could lead the index further down to test support at 23,636 and, if necessary, 23,364
The Nifty Energy Index is currently trading within a well-defined range between 39,700 and 38,150
The Nifty 50 index has been trending downward recently, closing at 23,995.35.
The Nifty IT, Auto, and Pharma indices are all exhibiting short-term downtrends, and the technical indicators suggest limited upside potential
The Nifty Bank Index remains range-bound between 52,577 and 51,000, but recent indicators suggest a positive outlook with yesterday's strong close signaling a potential breakout on the upside
The Nifty 50 Index is currently oversold on the charts, with technical indicators such as RSI, MACD, and Stochastics all positioned in oversold zones
The Nifty Energy Index is currently in an oversold zone, as suggested by technical indicators like the MACD and RSI.
The Nifty Private Banks Index is currently experiencing a downward trend, supported by short-term moving averages, all of which are sloping downwards
The Nifty IT Index has shown signs of weakness, recently experiencing a breakdown on the charts.
The Nifty Financial Services Index has recently shown a positive breakout from its consolidation phase, with a strong close above 23,911.
The Nifty 50 Index appears to be approaching a bottom formation in the near term, signaling that a further downside move seems unlikely
The Nifty Metal Index has been experiencing a downward trend in the near term, as indicated by the recent sharp correction.