Today’s Market News :
Market Upadate: The #NIFTY50 is expected to correct further after last week’s 4.45% drop, ending at 25,014. Support levels are 24,800-24,750, while resistance levels are 25,200-25,350. Bank Nifty may pull back from oversold conditions.Investors should remain cautious, avoiding bottom fishing until reversal signs appear. Global cues, geopolitical tensions, and SEBI’s measures will influence market direction.
Trading plan: Today’s market outlook is cautious, with potential for further correction.
– Monitor key levels: Nifty (24,800, 25,200, 25,350), Bank Nifty (51,000, 52,070, 52,650). Adjust trading plans as market conditions change.
Market Expectations: The Indian market is expected to correct further after last week’s 4.45% drop, with Nifty support at 24,800-24,750 and resistance at 25,200-25,350. Banking may pull back from support levels, while Metals and IT sectors are poised to perform well. Real Estate and Automobile may face continued pressure.
– Gainers: Infosys, Tech Mahindra, Wipro, Tata Motors, Axis Bank
Losers: Mahindra & Mahindra, Bajaj Finance, Nestle India, Asian Paints, Bharti Airtel
