{ }
The Nifty 50 rebounded over 370 points, closing nearly one percent higher, forming a Bullish Piercing Line pattern, indicating a positive trend. Resistance is expected at the 24,300–24,500 zone, while support lies at 24,000 and 23,800. The Bank Nifty also shows potential to rise towards 52,500, with 51,700 as immediate support.
The Nifty 50 has faced resistance near 24,500, coinciding with the 100-day EMA, closing at 24,467 after a 128-point rise. A decisive move above 24,500 could signal further gains, while support is seen at 24,100–24,000. Meanwhile, the Bank Nifty needs to hold above 52,300 and surpass 52,600 to target 53,000, with support at 51,700.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.