The Indian stock market, represented by Nifty 50 and Sensex, may start cautiously due to global instability on Wednesday.
The Gift Nifty suggests a slightly good beginning for India’s main index, trading near 22,265, up from yesterday’s 22,232.
On February 20, Indian stock market rose for the sixth day, with Nifty 50 reaching a new high.
The Sensex rose by 349.24 points, closing at 73,057.40, and the Nifty 50 ended 0.34% higher at 22,196.95.
The Nifty 50 chart shows a strong upward trend, aiming to break through resistance around 22,150 – 22,200 levels. Analyst predicts further rise above 22,200 towards 22,500 – 22,600 levels.
Nifty 50 continues to rise, hitting a new high. Analyst predicts further increase, with support at 22,000.
The SENSEX is up at 73,057. If you’re holding, keep with a daily stop loss at 72,058. Consider shorting below 72,058.
Bank Nifty surged 559 points, closing above 47,000. Analyst expects further rise to 48,000, advising buying on dips.
Always research thoroughly and consult a financial advisor before investing.