💫 Market Metrics: Weekly Roundup
⭐️ Sensex: 79,402.29 ⬇️
⭐️ Nifty 50: 24,180.80 ⬇️
⭐️ Nifty Bank: 50,787.45 ⬇️
⭐️ Nifty Smallcap 100: 17,847.90 ⬇️
⭐️ Nifty Midcap 100: 55,277.95 ⬇️
✨ Market Performance Key Takeaways For The Week
🌟 The markets saw a broad-based sell-off throughout the week and lost their two-week long consolidation with Nifty 50 slipping below 24200, ending the week with over 2.65 percent loss.
🌟 While it is crucial to see if the market sentiment rebounds or continues its downward spiral as the festive week approaches, 23900 is now expected to offer key support while 24350-24600 is the expected resistance level.
🌟 The market participants are advised to critically reassess at each level due to the unpredictable nature of the decline while some selective position traction could emerge due to festive season and investors with a long-term view could consider staggered buying of quality stocks if markets move towards expected resistance levels.
🌟 BANKNIFTY lost 1300 points as it fell nearly 2.5 percent to close near 50800 mark and the sharp price correction on the last trading day has significantly weakened the buyer sentiment. While participants are advised to adopt a "sell on rise" strategy, 51000-51100 band is likely to act as an immediate resistance and very strong resistance is expected in 51600-51800 zone.
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✨ News Highlights For The Week
🌟 Rs 8 lakh crore wiped out as Sensex, Nifty sink further
🌟 Growth of Indian construction equipment players getting “distracted” due to rising Chinese imports, says Tata Hitachi
🌟 India may need 4,000 more planes, govt to develop additional 200 airports, says Naidu
🌟 Banks’ credit growth slowing to 12 per cent: Icra
🌟 Union Cabinet approves Rs 7,798 crore for railway and space initiatives
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Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | ET | BL | FE | FE | BS |
Date: October 25, 2024
⭐️ Sensex: 79,402.29 ⬇️
⭐️ Nifty 50: 24,180.80 ⬇️
⭐️ Nifty Bank: 50,787.45 ⬇️
⭐️ Nifty Smallcap 100: 17,847.90 ⬇️
⭐️ Nifty Midcap 100: 55,277.95 ⬇️
✨ Market Performance Key Takeaways For The Week
🌟 The markets saw a broad-based sell-off throughout the week and lost their two-week long consolidation with Nifty 50 slipping below 24200, ending the week with over 2.65 percent loss.
🌟 While it is crucial to see if the market sentiment rebounds or continues its downward spiral as the festive week approaches, 23900 is now expected to offer key support while 24350-24600 is the expected resistance level.
🌟 The market participants are advised to critically reassess at each level due to the unpredictable nature of the decline while some selective position traction could emerge due to festive season and investors with a long-term view could consider staggered buying of quality stocks if markets move towards expected resistance levels.
🌟 BANKNIFTY lost 1300 points as it fell nearly 2.5 percent to close near 50800 mark and the sharp price correction on the last trading day has significantly weakened the buyer sentiment. While participants are advised to adopt a "sell on rise" strategy, 51000-51100 band is likely to act as an immediate resistance and very strong resistance is expected in 51600-51800 zone.
…………………………………………………………………………………………………
✨ News Highlights For The Week
🌟 Rs 8 lakh crore wiped out as Sensex, Nifty sink further
🌟 Growth of Indian construction equipment players getting “distracted” due to rising Chinese imports, says Tata Hitachi
🌟 India may need 4,000 more planes, govt to develop additional 200 airports, says Naidu
🌟 Banks’ credit growth slowing to 12 per cent: Icra
🌟 Union Cabinet approves Rs 7,798 crore for railway and space initiatives
————————x———————
Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | ET | BL | FE | FE | BS |
Date: October 25, 2024