 "The Nifty Index shows signs of bearishness and potential pullback after a strong rally, urging traders to book profits and wait.")
The Nifty Index is showing signs of a potential shift, forming its first red candle on the daily charts, indicating bearishness and profit booking after a strong rally. Traders are advised to secure profits at current levels and consider re-entering long positions when the index pulls back to support levels at 25,920, 25,700, and 25,350. ...
 "Nifty Energy Index faces resistance at 44,325; traders advised to book profits, while Pharma Index suggests a cautious sell strategy.")
The Nifty Energy Index is currently experiencing a bullish trend but has hit a crucial resistance level at 44,325. Traders are advised to book profits and reduce long positions as profit booking is anticipated with any rise from this point. Support levels to watch are at 43,800, 43,600, and 43,200, making it ideal to wait ...
 "The Nifty IT and Auto indices face bearish trends, prompting a “sell on rise” strategy amid escalating market pressures.")
The Nifty IT Index is currently showing a bearish trend, with a potential sell-off if it closes below 41,600. Traders should consider adopting a “sell on rise” strategy to navigate the expected downward pressure, with key support levels at 40,750, 38,925, and 37,500. Meanwhile, the Nifty Auto Index appears overbought and may face a correction ...
On September 24, 2024, the Indian stock Market witnessed a major milestone as the benchmark indices Sensex and Nifty 50 hit all-time intraday highs, surpassing 85,000 and 26,000, respectively. The Sensex reached a peak of 85,163 but closed slightly lower at 84,914, while the Nifty 50 closed at a record 25,940 after hitting an intraday ...
 "The Nifty 50 Index shows a bullish trend but risks profit booking; the MidCap faces volatility after a failed breakout.")
The Nifty 50 Index is showing a bullish trend, with resistance expected at 26,000 and indicators suggesting an overbought condition. Traders are advised to book profits at higher levels and wait for a pullback to key support levels at 25,300, 25,100, and 24,800 before making new bullish positions. In contrast, the Nifty MidCap Select Index ...
 "Tech giants’ market cap surges amid Nifty IT Index’s critical breakout phase, posing risks and opportunities for traders.")
The Nifty IT Index is currently trading between 41,800 and 43,000, a crucial range for traders to watch. A rise above 43,000 may spark bullish momentum, allowing for potential gains, while a drop below 41,800 could lead to a Market correction. Meanwhile, the Nifty Auto Index is at a critical support level of 25,150; a ...
