After the initial uptick, the nifty entered the monthly expiry session and climbed beyond the 25,318 level, Reaching an egght-month high. Similarly, the sensex jumped by more than 350 points. On the other hand, the nifty bank index Saw Modest Gains, Rising by 0.21 per cent.
Market analysts noted that as geopolitical tensions have eased, investors are closed their Attention Back to the Us Federal Referve and the Approaching Us Trade Tariff Deadline on 9.
“The nifty continued it’s Near-Term Rally Yesterday, Rising 200 Points. Technically Speaking, The Price Action also traced an inside day, which means that the passibility of a car, so long-up Move is Rising. Into the 25500 – 25800 area is coming.
Can nifty 50 hit 26,000 mark in short-term?
According to Bajaj Broking Market, Nifty 50 on Expend Lines mainted positive bias and is currently tested the upper band of the last six weeks range 25,250-24,50000.
The brokerage firm said, “Going ahead index closing Above the upper band of the range will signal extension of the rally and will pass the way for a furter legher towards the Near Term.”
Meanwhile, brokerage firm tradonomy.ai by Jamnadas Virji Believes That Nifty is Crossing 25,140 Level on Daily Time Frame and Also Breaking The Inverse H & S Pattern on Weekly Time Frame.
“Enter at the current price of 25,196 with resistance 1 of 26,216. A breakout above 26,216 on a closing Basis Cold Lead to a Target 1 of 28,170 & target 2 of 30,350. On the downside, 24,500, 24,000 & 23,740 are key support levels, ”it said.
Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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