Nifty 50, Sensex Today: What to expect from Indian Stock Market in Trade on June 13 after israel -ran conflict

The Indian Stock Market Benchmark Indices, Sensex and Nifty 50, Are Likely to Open Lower on Friday, Tracking Weak Global Cues, After Israel Launched AIRSTRIKES in Iran.

The trends on gift nifty also indicate a gap-down start for the Indian Benchmark Index. The gift nifty was trading Around 24,732 level, a discount of Nearly 205 points from the nifty futures’ Previous close.

Geopolitical tensions in the middle East East Escalated after israel targeted Iran’s main enrichment facility in Natanz and the Country’s Ballistic Missile Program, as Well as Well as Top Nuclear Scientists and Officials.

On Chiursday, The Domestic Equity Market Ended Lower, with the Benchmark Nifty 50 Falling Belling Bell 24,900 Level.

The sensex dropped 823.16 points, or 1.00%, to close at 81,691.98, while the nifty 50 settled 253.20 points, or 1.01%, lower at 24,888.20.

Here’s what to expect from senses, nifty 50 and bank nifty today:

Sensex prediction

Sensex Breed the Crucial Support Level of 82,000, and post-breakdown, the seling pressure intensified. On Daily Charts, it has formed a long bearish candle, which supports further weakness from the current levels.

“We are of the view that the short-term market texture is weak, but a fresh selloff is possible only after the dismissal of 81,500 or below the 20-day sma (simple moving average). Cold Slip to 81,100 – 81,000. On the other hand, Above 81,800, We Cold Expect a Quick Intraday Pullback Rally up to 82,000 – 82,150, ”Said Shreekant Chouhan, Head Equity Recearch Securities.

Nifty oi data

Nifty Open Interest (OI) Data Shows the Highest Concentration on the call side at the 25,000 and 25,200 strike prices, indicating strong resistance at these levels. On the put side, Significant Oi Build-up is observed at the 24,800 and 24,700 strike prices, marking these as key support zones, said hardik matalia, derivative analyst at Choice Broking.

Nifty 50 prediction

Nifty 50 ended the session at 24,888.20, Down 1.01%, Snapping Recent Gains and Forming a Strong Bearish Candle.

“Nifty 50 Index Faced Rejection Near The 25,200 Zone and Slipped Below The 9 -Ma, Thought It Continues to Hold Around the 20-Day Sma. This marks a pause in the ongoing at poses canoling at poses Mild Profit Booking Ahead Samco Securities.

The rsi has dropped from 60 to 55, indicating a decline in Momentum. The average True Range (ATR) has Risen Slightly, Indicating An Increase in INTRADAY VOLATIY, He Added.

According to Mehra, The Immediate Support for Nifty 50 Remains at 24,800; A Break Beneath This Zone Cold Invite a Sharper Slide, Whereas 25,100 Remains a Formidable Ceiling on the UPSIDE.

Dr. Praveen Dwarakanath, Vice President of Hedged.in, said that the nifty 50 has been formed a bearish candle with a spinning top type type candle Near its resistance of 25,200 level, indicating weakness in the index.

“The Index Took Support at the 24,800 Level and Recovered from its ITRADAY LOW. However, The Weakness in the Index was very significant. Weakness in the index. A likely fall towards the immediati support at 24,500 levels, ”said dwarakanath.

Vla Ambala, Co-Founder of Stock Market Today Expects Nifty 50 to Find Support Between 24,750 and 24,670 and 24,670 and Meet Resistance Near 25,020 to 25,100 in TODAY’s Intraday’s Session.

Bank nifty prediction

Bank nifty index declined 377.20 points, or 0.67%, to close at 56,082.55 on thursday, extending a corrective decision for the third session in a Row as it formed a law High and lower low highlighting continuation of Profit Booking after Recent Strong Up Move.

“Bank Nifty Posted Breakout Above The Recent 5 Week Broader Consolidation Range of 56,000 – 53,500 and Rallied to a Fresh All Time High This Week. Gains and Closed CHURSDAY SESSION AROUND THE RECENT BREAKOT AREA of 56,000. Bank nifty index is currently trading about its short- and long-term moving average Broking research.

The Last Four Sessions Profit Booking Have Helped The Index to Cool Off The overbough Condition. The brokerage firm expects the index to hold Above The Support Area of ​​55,200 – 55,500 and Head Higher towards 57,000 and 57,700 Levels in the coming weeks.

Om mehra noted that the bank nifty Index Saw Mild Profit Booking, Pulling Back Towards the 20-Day Sma, which now acts as immediate support. However, the primary trend remains intact as the price holds wells well Above the medium-term moving average.

“The rsi has slipped to 58 from higher zones, suggesting some cooling in the Momentum, while Still Staring Above Neutral Territory. The adx stands at 26, and a Slight Dip in the +Di Line Suggests Short-Di Line Slight Di Line Slight Di Exahax is Currently Hoveling Near the Previous Breakout Zone of 56,000 – 56,200. Said Mehra.

On the UPSide, 56,700 Continues to Pose Immediate Resistance. Currently, Caution is warranted, as a Break Below 55,300 may weaken the trend and shift the Near-Term Outlook to Negative, He Added.

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