Nifty is expected to open in a negative note in today’s trading session on the back of negative clues from Global and Domestic market. Nifty50 index has crucial support placed around the level of 9,720 and the next important support stands at the level of 9,650. On the upside, the immediate resistance is likely in the range of 9,850-9860 and the next resistance is placed around the level of 9,920.
The Bank Nifty is also expected to open in a negative note in today’s trading session. As of now Bank Nifty need to Sustain above 24100 level for further Up move towards 24358-24572 levels, On the flip side Sustaining below 24100 level may drag the Index towards 23980-23756 level in today’s trading session.
There were 698 Gaining, 902 Lossing and 344 unchanged scripts on NSE reflecting fairly negative sentiments floating in the market.
The Sensex is trading down 185 points at 31,345, while NSE Nifty is trading down 64 points at 9,755 . A total of 6 stocks registered a fresh 52-week high in the trade today, while 202 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading at 14,861 up 0.71%, while BSE Small-cap Index is trading at 15,107 down 0.24%. Some buying activity was seen in the oil & gas, healthcare and realty sectors while selling activity was seen in Telecom, FMCG, auto sectors and metal on BSE.
The gainers among the scripts GAIL, Dr Reddy’s, Lupin, SBI and Aurobindo Pharma and are among, whereas Hero MotoCorp, Asian Paints, Hindalco, Vedanta Limited and Kotak Bank are losing sheen on NSE.