 |
|
|
|||||
Indian markets fell on Friday dragged by IT, auto and metal stocks. Nifty witnessed a volatile session even as the momentum continues to remain weak. The index traded volatile with a slightly negative bias on the first day of the June series. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the index has formed a bearish moving average crossover on the smaller time frame. The RSI on the hourly chart indicates bearish price momentum, suggesting short-term weakness. Additionally, signs of exhaustion are visible on the daily RSI, accompanied by a strong negative divergence. Immediate support is placed at 24,700 and a breach below this level could lead to a decline towards 24,500. On the higher side, 24,800 is likely to act as a crucial resistance, as call writers have built significant positions at that level."Here are 2 stock recommendations for Monday:
Category:
News and Media
The Indian market failed to hold the momentum and closed in the red on Friday. The BSE Sensex fell nearly 200 points while the Nifty50 closed below 24,800 levels.
Category:
News and Media
GIFT Nifty hit a record monthly turnover of $102.35 billion in May 2025, reflecting rising global investor confidence. Since full operations began in July 2023, cumulative turnover has reached $1.93 trillion across 43 million contracts.
Category:
News and Media
All news |
||||||||||||||||||
|
||||||||||||||||||