The Nifty Auto Index is currently positioned at a key juncture on the charts, presenting an opportunity for traders to buy on dips.
The Nifty Bank Index is currently trading in a defined range of 51,825 to 50,200. A breakout above or below this range will provide a clear direction for traders
The Nifty Financial Services Index is currently trading within a well-defined range of 23,900 to 23,100. This range-bound pattern indicates consolidation in the market
The Nifty 50 Index is expected to trade within a well-defined range between 25,235 and 24,700
The Nifty Pharma Index is currently trading within a well-defined range between 23,800 and 22,700. A breakout above or below these levels will likely trigger a directional move
The Nifty IT Index is currently trading close to its key resistance level, making it a prime candidate for a "sell on rise" strategy for near-term traders. The resistance level to watch is 43,200
The Nifty Bank Index is positioned near its key support levels, making this an ideal time to adopt a "buy on dips" strategy.
The Nifty Finance Index has experienced a sharp correction over the past seven days, bringing it close to critical support levels at 23,000 and 22,500
The Nifty 50 Index is experiencing a downward trend in the near term. However, the index is approaching a strong support zone at 24,800
The Nifty Private Banks Index is approaching a critical juncture, with the level of 26325 acting as a key pivot
The Nifty Bank Index is currently trading at 52,989.70, and the near-term trend appears to be down. However, this correction should be viewed as a healthy pullback within an overall bullish structure
The Nifty Index has formed its first red candle on the daily charts, signaling a shift in momentum as some bearishness and profit booking have started to emerge
The Nifty Pharma Index remains range-bound, trading between 23,450 and 22,925. A close above or below these levels would act as a directional trigger, leading to either a bullish or bearish breakout.
The Nifty Auto Index appears overbought on the near-term charts, indicating a potential pullback in the coming sessions, likely after the monthly expiry.
The Nifty Bank Index has entered the overbought zone according to technical indicators, signalling a potential near-term correction.
The Nifty Financial Services Index has recently approached its resistance level of 25,000, which is a crucial round figure for short-term traders.
The Nifty 50 Index remains bullish but overbought, indicating a possible near-term correction or profit booking.
The Nifty Pharma Index is currently trading in a defined range between 23,700 and 22,700. This suggests that the market is experiencing indecision, with neither buyers nor sellers dominating.
The Nifty Energy Index is showing a bearish trend in the near term, as indicated by multiple technical indicators such as RSI, MACD, and Stochastic, which all suggest further downside movement.
The Nifty Private Bank Index is currently experiencing a strong bullish trend, with significant gains recorded over the past fortnight